New base special 28 october 2014

Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 1
NewBase 28 October 2014 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
QP gets third jack-up drilling rig from GDI
Source GDI
Gulf Drilling International (GDI), a wholly-owned subsidiary of Gulf International Services
yesterday said Qatar Petroleum (QP) has accepted its new jack-up drilling rig, the third such rig to
be pressed into service for the country’s behemoth oil company.
The ‘Dukhan’ has
left NKOM
Shipyard at Ras
Laffan to its first
location. It is the
ninth offshore jack-
up rig in GDI’s fleet
and will be joining
the jack-up rigs ‘Al
Doha’ and ‘Al
Zubarah’, already
into service for QP.
GDI took delivery
of the rig from
Keppel Fells
Shipyard in
Singapore last
August and had it
dry towed to Qatar
last month. While
undergoing final
commissioning and
testing in NKOM
Shipyard, various third party equipment was installed and drill pipe loaded onto the rig to achieve
QP’s final acceptance. This rig has been customised to meet QP’s requirements and is capable of
performing drilling operations anywhere in Qatar. It has a 75’ cantilever outreach, 150 men
accommodation, high volume centrifuges, high capacity for bulk mud treatment, and the capability
of drilling wells up to 30,000ft depth.
“I am pleased to see this rig sail out safely to its first well location in Qatar ahead of schedule. This
marks the fifth state of the art cyber rig of GDI’s fleet and will serve to further enhance our
operational capabilities while lowering the average age of our rigs,” GDI CEO Ibrahim J al-Othman
said. He said the inspection and acceptance process went very smooth, allowing drilling services
to commence earlier than expected.
Al-Othman: Ahead of schedule. Right: The ‘Dukhan’, which has left
NKOM Shipyard at Ras Laffan to its first location.

Saudi Arabia's Wasit gas plant to start early next year
Reuters + NewBase
State oil giant Saudi Aramco is expected partially start up its new Wasit gas plant in the first
quarter of 2015 despite some difficulties linked to construction, three industry sources said.
Wasit will be one of the largest gas plants not linked to oil wells ever built by Saudi Aramco. It will
process 2.6 billion cubic feet per day (bcfd) of non-associated gas from the offshore fields Hasbah
and Arabiyah.
The plant, north of Jubail on the kingdom's Gulf coast, is expected to supply 1.75 bcfd of sales gas
and could potentially produce up to 3.05 bcfd to meet peak summer demand. In 2012, industry
sources told Reuters Wasit was expected to be delayed by at least one year because the gas
coming from fields offshore had higher sulfur content than expected. The plant was due to be
completed this year.
"It will be partially in operation in the first quarter of next year, officially the project should be (fully)
up and running mid-2015 but I think the more realistic schedule is sometime in 2016," one source
familiar with the matter said.
Labour, logistics and subcontractor issues have also delayed a natural gas liquids (NGL) project
at Shaybah, in the kingdom's southern Empty Quarter, a venture designed to help boost
petrochemical feedstock, one source said.
"Train one will be in operation year end while the second train in March," the source said. Saudi
Aramco declined to comment on when both plants would be operational. Shaybah NGL will
process 2.4 bcfd of low-sulphur sweet gas from the Shaybah oilfield, and send on 275,000
barrels-per-day (bpd) of NGLs to a processing plant in Juaymah.
Aramco has said that Wasit and another project -- Karan-- that has already been in operation
since 2012 will likely boost Saudi Arabian natural gas output by an estimated 40 per cent.

ABB wins DEWA's $55 million order to help integrate solar power into the grid
WAM + NewBase
ABB, the leading power and automation technology group, has won an order worth around $55
million from Dubai Electricity & Water Authority (DEWA) to build a substation that will integrate
power from the Mohammed bin Rashid Al Maktoum solar park. The order was awarded in the third
quarter of 2014.
The gas-insulated switchgear (GIS)
substation will enhance transmission
capacity, boost power supplies and
strengthen the reliability of the grid.
The 100 megawatt (MW) Phase II of
the solar power plant in Seih Al
Dahal, about 50 kilometers (km)
south of Dubai, is scheduled to
commence generation in 2017,
according to a press release issued
by ABB.
The solar park is one of the biggest renewable energy projects in the Middle East and North
Africa. It is expected to cover an area of more than 40 square kilometers and produce 1,000 MW
of clean energy when completed in 2030. It will support the Dubai Integrated Energy Strategy
2030, adopted by the Dubai Supreme Council of Energy to diversify the energy mix, under which
natural gas is expected to contribute 71 percent of electricity, followed by nuclear (12 percent),
clean coal (12 percent) and solar (5 percent).
"The substation will help increase transmission capacity and deliver clean solar power to meet
growing demand for electricity in the region," said Claudio Facchin, head of ABB’s Power Systems
division. "We are pleased to help the UAE strengthen its power network and increase the use of
renewable energy." As part of the turnkey contract, ABB is responsible for the design, installation,
commissioning and start-up of the plant. Key products to be supplied include eight bays of 400
kilovolt (kV) and 10 bays of 132 kV GIS, two 132/400 kV power transformers rated at 570
megavolt-ampere (MVA), as well as the protection system, automation and control system,
surveillance and communication. The substation will also be IEC 61850 enabled to support open
communications automation and protection.
"DEWA works to enhance the efficiency of its network and establishes pivotal projects to achieve
the highest standards of efficiency and reliability," said Saeed Mohammed Al Tayer, DEWA’s
Managing Director and CEO. "This forms the basis of our cooperation with ABB, which has a
record of innovation in renewable energy technologies, sustainable transport and energy
efficiency. DEWA supports the vision of Vice President, Prime Minister and Ruler of Dubai, His
Highness Sheikh Mohammed bin Rashid Al Maktoum to enhance Dubai’s role as a global hub for
trade, finance, tourism and green economy." The global capacity of solar photovoltaic systems is
growing fast. According to the International Energy Agency, it rose by 34 percent to 137 gigawatts
(GW) in 2013 and is set to expand to 403 GW in 2020.
The UAE is leading the deployment of solar power in the Middle East. Solar Impulse 2, a project
supported by ABB, announced last month that it will start its attempt to make the first solar-
powered flight around the world from the UAE in 2015. ABB’s heritage of technology innovation in
renewables, sustainable transportation and energy efficiency makes it an ideal partner for Solar
Impulse 2.

Pakistan's Port Qasim to Get First Qatari LNG in January
Daily Times + NewBase
Pakistan is expected to get its first commercial LNG imports from Qatar by second week of
January 2015, according to Pakistani newspaper Daily Times.
Sheikh Imranul Haq Chief Executive Officer Elengy terminal of Engro said all the remaining work
including jetty of LNG facility from the ships would be completed at Elengy terminal (Engro Vokak
terminal) at Port Qasim by December 2014.
Total cost of the project, $145 million, was fully funded by the company, the newspaper quoted
Imranul as saying. LNG after off loading from the ship at the jetty and floating storage re-
gasification unit at Port Qasim would be injected in the pipeline of Sui Southern Gas Company
Limited system for onward supply.

South Africa to Process Challenger Energy's Shale Gas Application
Challenger Energy + NewBase
Australian unconventional gas explorer Challenger Energy on Monday announced that its
subsidiary Bundu Gas and Oil Exploration has been advised by the Petroleum Agency South
Africa (PASA) that a decision has been taken to proceed with processing Bundu’s application for a
shale gas exploration right in South Africa’s Karoo Basin.
“Significant time has elapsed since the application was submitted in 2010, and it is important that
the documentation is up to date. PASA has requested that Bundu review and augment its
Environmental Management Programme (EMPr) where necessary,” Challenger announced.
In accordance with the Mineral and Petroleum Resources Development Act 2002, Bundu is
required to notify and consult with affected communities and parties in respect of any such
revisions. Bundu has been requested to complete this process by 27th February 2015.
Challenger Managing Director Robert Willes said: “This is very significant and positive news. The
applications for shale gas exploration rights have been on hold since 2011, so the decision to
proceed with the processing of Bundu’s application represents a major milestone and signals that
the South African Government is ready to move forward with the exploration and appraisal of this
potentially vital national resource. We are greatly encouraged by this development, and look
forward to engaging with local communities and stakeholders.”
Bundu Gas & Oil Exploration (Pty) Ltd is subsidiary of Challenger Energy Limited, which is owned
90% by Challenger and 10% by Challenger’s Black Economic Empowerment Partners. Bundu
holds 100% of exploration permits and applications covering approximately 3,200 square
kilometres of highly prospective acreage in South Africa.

Sino Gas & Energy Reports Significant Gas Flow from China CBM Well
Sino Gas & Energy Holdings Limited + NewBase
Sino Gas & Energy Holdings Limited (SGE) on Monday announced successful testing of TB-2H,
the second horizontal well drilled on the Linxing Production Sharing Contract (PSC) in Shanxi
province in China.
The test was conducted to demonstrate the horizontal well deliverability of the reservoir in the
northern area of the Linxing (West) block and achieved a sustained flow rate of 3.7 million
standard cubic feet (MMscf) per day. The well is estimated to be able to deliver a production rate
of over 5.1 MMscf/day, the company said.
“TB-2H was drilled in the northern area of the Linxing contract area over 25km north of TB-1H.
The successful result at TB-2H follows optimisation of the fracture stimulation treatment on vertical
and deviated wells, which has seen a significant improvement in single well productivity ahead of
pilot pipeline production scheduled to commence as early as November 2014,” the company
added.
Sino Gas holds a 49% interest in SGE through the strategic partnership with MIE Holdings Corporation.
SGE is the operator of the Linxing and Sanjiaobei PSCs in the Ordos Basin, Shanxi province.

US LNG exports will not solve Asian gas problems, says IEA’s head
Asian buyers will not see a reduction in gas price caused by the LNG exports coming from North
America, according to the executive director of International Energy Agency Maria van der
Hoeven.
Speaking at an energy conference in Singapore,
van der Hoeven said that the US shale gas
revolution will not solve Asian gas problems as
there is not enough gas to supply the entire
region, and it will come at a cost, reports Platts.
IEA head also noted that there are ways of
lowering the price of natural gas in Asia, namely,
to find more and use less. She added that both
scenarios are possible as Asia holds 10% of the
world’s potential conventional gas reserves.
However, not all gas will be produced, nor will the
produced gas be exclusively used in the region,
said van der Hoeven.
It was also noted that some of the region’s former
gas exporters, such as Malaysia and Indonesia,
turned to importing gas and the downside is that
Asia will not become self-sufficient in gas.

ExxonMobil, OMV Petrom start Pelican South-1 drilling
Press Release
ExxonMobil Exploration and Production Romania Limited (EMEPRL) and OMV Petrom S.A. (OMV
Petrom) have started drilling the Pelican South-1 exploration well on a new prospect in the Neptun
Block.
The Ocean Endeavour rig is drilling the Pelican South-1 wildcat well about 155 kilometers offshore
in the Romanian sector of the Black Sea. The Pelican South-1 well will test a new geological
structure on the Neptun Block. Earlier in October, the Ocean Endeavour rig completed drilling the
Domino-2 well and data from the well are being evaluated.
“Exploration for oil and gas in frontier areas is complex and very detailed, often taking years to
complete. A thorough understanding of the geology is essential prior to making the significant
investments required to develop such a discovery,” said John Knapp, managing director of
ExxonMobil’s affiliate in Romania.
“The Black Sea region plays a central role in our strategy and we allocate significant financial and
technical resources to the offshore projects. We are encouraged by the good results so far, in
shallow and deep waters. However much of the activity in the Black Sea deepwater area is of a
frontier, pioneering nature, involving high investment risks and therefore requiring a stable
investment framework,” said Gabriel Selischi, member of OMV Petrom Executive Board
responsible for Exploration and Production.
ExxonMobil Exploration and Production Romania and OMV Petrom each hold 50 percent of the
deepwater sector of the Neptun Block. ExxonMobil Exploration and Production Romania Limited is
the operator.

India’s ONGC to raise overseas output
Reuters + NewBase
India’s Oil and Natural Gas Corp (ONGC) wants to take advantage of falling oil prices to more than
double its overseas output to the equivalent of 400,000 barrels per day of oil by 2018, Chairman
DK Sarraf told Reuters.
Global oil prices sank to a four-year low at below $83 a barrel this month, hitting valuations of
energy explorers. The Indian government, which is preparing to float a $3bn stake in ONGC,
wants state firms to secure energy assets abroad to reduce the exposure of Asia’s third-largest
economy to supply risks. India is the world’s fourth-biggest oil consumer, importing four-fifths of
its needs as its own output shrinks.
“For meeting the short-term 2018 target we would like to aggressively go for producing assets,
because you can’t acquire an exploration block and then make it produce in such a short time,”
Sarraf said in a telephone interview yesterday. ONGC, the country’s biggest oil explorer, has
often been criticised for stagnant output and the slow pace of exploration and development.
Sarraf reaffirmed ONGC’s long-term plans to raise overseas output in two stages to 60mn tonnes
of oil plus oil-equivalent gas by 2030 – or 1.2mn barrels per day.
The plan envisages investing around $180bn between 2013 and 2030 on a gamut of projects
including raising local and overseas oil and gas output, according to the company’s website.
Sarraf, however, added that ONGC was interested at the same time in acquiring overseas
exploration assets, which would take longer to enter production, with a view to hitting its 2030
goal.
“More value is created through exploration assets,” he said. “Even for the 2030 target we cannot
get out of exploration (to production) if we don’t start acting on exploration now.” Prime Minister
Narendra Modi’s government has initiated a process to sell a 5% stake in ONGC, which is 69%
state controlled.
ONGC Videsh Ltd, the overseas investment arm of ONGC, produced about 9mn tonnes
of oil and oil equivalent gas (180,000 bpd) in the fiscal year to March 31, 2014, Sarraf said.
To achieve its pursuit of acquiring overseas assets ONGC has signed initial cooperation
agreements with Mexico’s national oil company Pemex, PetroVietnam, Ecuador and PdVSA of
Venezuela. In the last fiscal year ONGC Videsh bought a 20% stake in a block in Mozambique,

raised its stake in a deepwater block in Brazil and was awarded exploration blocks in Bangladesh
and Myanmar. Russia’s Rosneft has also offered stakes in two Siberian oil fields to ONGC, which is
already a partner in the Sakhalin 1 offshore project.
ONGC has 13 producing assets in eight countries. It had cash and cash equivalent of
Rs108bn on March 31, 2014 and its profitability is set to rise after Modi’s five-month-old
government hiked gas prices and scrapped subsidies on diesel. ONGC, along with other explorers,
had been giving a discount on crude and products sales to state fuel retailers to partly
compensate them for losses on retail sales at cheaper regulated rates for diesel, kerosene and
cooking gas.
When asked where his firm was targeting oil and gas assets Sarraf said: “The globe. The target is
so big we can’t look for one geography and say no to another.” He listed Russia and the former
Soviet Commonwealth of Independent States, Africa and the Middle East, adding, “We are not in
the US and Canada, we want to be there as well.”

Chevron Produces First Gas From Bangladesh Bibiyana Project
RTT News/dpa-AFX + NewBase
Integrated energy company Chevron Corp. (CVX) Tuesday announced that its Bangladesh
subsidiary has commenced natural gas production from the Bibiyana Expansion Project in the
northeastern part of the country.
The project included an expansion of the existing gas plant to process increased natural gas
volumes from the Bibiyana Field, additional development wells and an enhanced gas liquids
recovery unit.
According to the firm, the project would boost Chevron-operated natural gas production capacity
in Bangladesh by more than 300 million cubic feet per day to 1.4 billion cubic feet per day.
In addition, the project would increase the company-operated natural gas liquids production
capacity by 4,000 barrels per day to 9,000 barrels per day. Chevron's Bangladesh subsidiary has
a 99 percent working interest in Bibiyana.
Jay Johnson, senior vice president, Upstream, Chevron, said, 'The Bibiyana expansion represents
Chevron's commitment to developing new resources to meet energy demand in Asia. The
expansion is one of a slate of projects across the region that will deliver on Chevron's strategy to
grow profitably in core areas.' Chevron shares lost 0.77 percent on Monday, and settled at
$115.02.

Increasing ethanol additives in motor gasoline ,reduced its average energy
Source: U.S. Energy Information Administration, Monthly Energy Review
EIA has adjusted its estimates of the energy content of retail motor gasoline in the Monthly Energy
Review (MER) to reflect its changing composition. Ethanol and other oxygenates, which have
lower energy content than petroleum-based gasoline components, have seen their share of total
gasoline volumes increase from 2% in 1993 to nearly 10% in 2013. As a result, EIA's estimate of
motor gasoline's average energy content per gallon has declined by about 3% over this 20-year
period.
The adjustment in EIA's estimate of the average energy content per gallon of motor gasoline
reflects changes in response to 1990 Clean Air Act (CAA) regulations that split the U.S. gasoline
market into three segments: conventional, oxygenated, and reformulated. Oxygenated and
reformulated gasoline was required to be blended with compounds that contained oxygen, such
as MTBE (methyl tert-butyl ether) or ethanol. While these additives reduced air pollution, they also
resulted in lower heating value compared with conventional gasoline, translating to fewer miles
per gallon, because they have lower energy density.
In response to these regulations, EIA began collecting separate data on the production of
conventional, oxygenated, and reformulated gasoline in 1994. The gasoline heating value was
estimated based on the relative volumes of conventional, oxygenated, and reformulated gasoline
in the total motor gasoline product supplied to the United States. The CAA regulations set
minimum percentages of MTBE or ethanol in gasoline. Existing vehicles, however, could use
gasoline with more than the minimum oxygenate content, so gasoline blenders could use more
than the minimum level of MTBE and ethanol to improve octane and increase volume when it was
economical to do so.
Also in 1994, EIA began to collect data on the amounts of ethanol, MTBE, and other oxygenates
used to produce gasoline. The average energy content can be calculated as the total energy input
of ethanol, MTBE (through April 2006, when refiners stopped using MTBE in domestic gasoline),
other oxygenates (through the end of 2006, when other oxygenates were phased out), and
gasoline blendstocks divided by the number of barrels supplied to the domestic market. The
volume of hydrocarbon gasoline blendstocks is obtained by backing out ethanol, MTBE, and other
oxygenates as applicable from the total motor gasoline supply to the United States.

Oil prices Drop / Dive – Special Coverage
Oil drops below $86 after Goldman cuts forecasts
Brent crude oil fell below $86 (Dh312.24) a barrel on Monday after Goldman Sachs slashed its
price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global
economic growth.
The US investment bank said in a research note on Sunday that it had cut its forecast for Brent to
$85 a barrel from $100 for the first quarter of 2015 and reduced its projection for US crude to $75
from $90.
The bank said Brent could fall to $80 a barrel in the second quarter of 2015, with US crude dipping
as low as $70 while rising production in non-Opec countries outside North America outstripped
demand.
Goldman Sachs’ move makes it the most bearish of major financial institutions that have been
cutting estimates in recent weeks. Brent for December fell to a low of $84.75, down $1.38 a barrel,
and was trading at around $84.80 by 1250 GMT.
US crude for December was down $1.00 at $80.01 a barrel.
“Goldman Sachs’ downgrade reinforces the dismal outlook,” said Eugen Weinberg, head of
commodities research at Commerzbank in Frankfurt. “Bearishness prevails and the market is still
in the process of trying to find a new floor.” Deutsche Bank also cut its oil-price forecasts sharply
on Monday, reducing its projection for Brent in 2015 to $88.75 a barrel from $103.25 and cutting
its US crude oil forecast for 2015 to $80.50 from $96.25.
“The market is worried about further weakness. Doubts beget doubts as there are no indications
of a clear sign of recovery in demand, while supplies are no doubt in excess,” said Ken
Hasegawa, commodity sales manager at Newedge.

“It’s not at the stage where participants could buy oil wholeheartedly believing it’s a bargain now.”
Oversupply has helped build up oil inventories worldwide. In the United States, for the first time
since January, crude futures look poised to flip into contango, a structure in which prompt prices
are below longer-dated contracts, typically signalling a weaker market.
The 12-member Organisation of the Petroleum Exporting Countries meets on November 27 to
consider adjusting its output target of 30 million barrels per day for the first half of 2015. So far
only a minority of members have called for an output cut.
Saudi Arabia has previously sent signals it is comfortable with lower oil prices and willing to
maintain high supply levels to compete for market share. Kuwait’s oil minister has said there is no
negative effect on its development plan from lower oil prices, state news agency KUNA reported
on Sunday.
Global oil supply remains high despite disruption in producers such as Iraq and Libya. Yemen
resumed exports from its main oil pipeline on Saturday, a day after an attack by tribesmen
temporarily halted flows, industry sources said.
“The oil market needs a reaction from Opec to these lower prices, one way or another,” said
Weinberg at Commerzbank. “Opec either needs to say it is no longer going to protect prices and
let the market find its own level, or that it will step in and balance the market by cutting
production.”
Gulf oil producers seen riding out price plunge
AFP + NewBase
Energy major Saudi Arabia and other wealthy Gulf states are set to resist pressure to tighten the
taps significantly to shore up oil prices as the global economy stumbles, analysts say.
Oil prices have fallen by a quarter since June as
excess supply and weaker demand create a glut on
world markets, prompting some other exporters to call
for cuts in output. But while curbing production could
help to arrest the price decline, it would also leave the
Gulf states at risk of losing market share.
Fortunately for the six nations of the Gulf Co-
operation Council (GCC) – which sits on 40% of the
world’s oil and a quarter of its natural gas – they are
flush with cash, analysts said. “The GCC states are in a strong position to remain steadfast for a
few years” if there is a dispute over production, Kuwaiti oil analyst Mussa Maarafi said.
“Saudi Arabia and most Gulf states will not be bothered a lot, at least in the short term” and “will
be able to resist pressure to cut production and lose market share”, Maarafi, a former member of
Kuwait’s Supreme Petroleum Council, told AFP.
The benchmark US oil price has fallen to levels not seen since mid-2012, while in London Brent
North Sea crude is around a four-year low. The price of US West Texas Intermediate (WTI) stood
at around $81 a barrel on Friday while Brent was changing hands for about $86.

Prices had rebounded briefly on Thursday as traders reacted to an unconfirmed report that Saudi
Arabia trimmed its crude supplies slightly in September. But the recovery proved short-lived as
markets grew sceptical about the report and fretted over sluggish demand.
Analysts said the Gulf nations were likely to remain relatively sanguine about market conditions. “I
don’t think GCC states will be harmed a lot by the drop in oil prices in the short term,” Saudi
economist Abdullah el-Kuwaiz told AFP. The Gulf nations have based their budgets on an oil price
of $80 a barrel or less, said the former senior GCC economic official. “Most of the GCC states have
built a strong fiscal cushion that allows them to bear the consequences” of the price fall, Kuwaiz
added.
Four GCC states – Kuwait, Qatar, Saudi
Arabia and the United Arab Emirates –
together produce 16mn barrels a day,
accounting for more than half of the total
pumped by the Opec oil exporters. The
other two, Oman and Bahrain, are not
members of Opec. The revenues of the GCC
states, mostly from oil, rose from $366bn in
2009 to $729bn last year, according to
figures from Kuwaiti investment firm KAMCO
investments and the IMF. As a result, the
GCC states have built fiscal reserves worth a
massive $2.45tn, accumulated from the oil
windfall over the past decade, according to
the International Institute of Finance (IIF).
Saudi Arabia – the world’s top crude exporter – and other Gulf states have repeatedly cut crude
prices for the Asian markets and shrugged off calls to reduce production or to hold an emergency
Opec meeting. “Statements coming out from Saudi Arabia do not indicate that the kingdom will
give up any part of its output to cool the market,” said Kuwaiz.
According to the International Energy Agency (IEA), Saudi Arabia actually increased its output in
September to 9.73mn barrels a day, despite the market rumours to the contrary. “Riyadh
appeared determined to defend its market share,” the IEA said.
Analysts at the British bank HSBC estimate that Saudi Arabia has enough financial reserves to
fund three full years of public spending at the current price. But while they are better placed than
other producers such as Russia and Iran to ride out the storm, even the GCC states face a
dimming outlook. Kuwait’s budget surplus is expected to dive to $3.1bn this fiscal year, from
$45bn last year, unless prices rebound, said the head of parliament’s budgets committee, Adnan
Abdulsamad.
Kuwaiti Finance Minister Anas al-Saleh called Saturday for economic reforms by the Gulf states to
diversify their economies and “reduce dependence on oil”. Saudi Arabia for its part accounts for
22% of Opec crude reserves, 31% of its output and the bulk of the world’s spare production
capacity, said Ali Aissaoui, senior consultant at Arab Petroleum Investments Corp. Over time,
however, warming Iranian relations with the West and a return to stability in Iraq could lead to
production gains that “challenge Saudi Arabia’s leadership”, he added.

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Your partner in Energy Services
Khaled Malallah Al Awadi,
Energy Consultant
MSc. & BSc. Mechanical Engineering (HON), USA
ASME member since 1995
Emarat member since 1990
Mobile : +97150-4822502
khdmohd@hawkenergy.net
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a totalKhaled Al Awadi is a UAE National with a totalKhaled Al Awadi is a UAE National with a totalKhaled Al Awadi is a UAE National with a total
of 24 yearsof 24 yearsof 24 yearsof 24 years of experience in theof experience in theof experience in theof experience in the Oil & GasOil & GasOil & GasOil & Gas
sector. Currently working as Tsector. Currently working as Tsector. Currently working as Tsector. Currently working as Technical Affairs Specialist forechnical Affairs Specialist forechnical Affairs Specialist forechnical Affairs Specialist for
Emirates General Petroleum Corp. “Emarat“ with externalEmirates General Petroleum Corp. “Emarat“ with externalEmirates General Petroleum Corp. “Emarat“ with externalEmirates General Petroleum Corp. “Emarat“ with external
voluntary Energy consultation for the GCC area via Hawkvoluntary Energy consultation for the GCC area via Hawkvoluntary Energy consultation for the GCC area via Hawkvoluntary Energy consultation for the GCC area via Hawk
Energy Service as a UAE operations base , Most of theEnergy Service as a UAE operations base , Most of theEnergy Service as a UAE operations base , Most of theEnergy Service as a UAE operations base , Most of the
experience were spent as the Gas Operations Managerexperience were spent as the Gas Operations Managerexperience were spent as the Gas Operations Managerexperience were spent as the Gas Operations Manager inininin
Emarat , responsible for Emarat Gas Pipeline Network FacilityEmarat , responsible for Emarat Gas Pipeline Network FacilityEmarat , responsible for Emarat Gas Pipeline Network FacilityEmarat , responsible for Emarat Gas Pipeline Network Facility
& gas compressor stations . Through the years , he has& gas compressor stations . Through the years , he has& gas compressor stations . Through the years , he has& gas compressor stations . Through the years , he has
developed great experiences in the designing & constructingdeveloped great experiences in the designing & constructingdeveloped great experiences in the designing & constructingdeveloped great experiences in the designing & constructing of gas pipelines, gas metering & regulating stations and in the engineeriof gas pipelines, gas metering & regulating stations and in the engineeriof gas pipelines, gas metering & regulating stations and in the engineeriof gas pipelines, gas metering & regulating stations and in the engineering ofng ofng ofng of
supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along withsupply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along withsupply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along withsupply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance agreements along with manymanymanymany
MOUs for the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andMOUs for the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andMOUs for the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE andMOUs for the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE and EEEEnergy programnergy programnergy programnergy program
broadcasted internationally , via GCC leading satellite Channels .broadcasted internationally , via GCC leading satellite Channels .broadcasted internationally , via GCC leading satellite Channels .broadcasted internationally , via GCC leading satellite Channels .
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase 28 October 2014 K. Al Awadi

New base special 28 october 2014

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (19)

Similar to New base special 28 october 2014

Similar to New base special 28 october 2014 (20)

More from Khaled Al Awadi

More from Khaled Al Awadi (20)

Recently uploaded

Recently uploaded (20)

New base special 28 october 2014