New base special 03 november 2014

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NewBase 03 November 2014 Khaled Al Awadi

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE

Algeria Seeks to Develop its LNG Bunkering Industry APS + NewBase

Algeria is looking to develop LNG bunkering industry as the sector holds considerable growth prospect, Secretary General of the Ministry of Energy, Ahmed Messili said earlier this week during

a seminar. According to Algeria Press Service, Messili said that LNG bunkering is an emerging field and given that Algeria is a large LNG producer, growth prospects are promising.

Messili was peaking at an international seminar on development of LNG

as marine fuel held Monday in Algiers.

The development of LNG as marine fuel may enable Algeria to become an important player in this field, he said during the meeting.

Samir Houghlaouen, an official at Naftal, a Sonatrach subsidiary, noted that even if the current conditions did not allow the expansion of the marine LNG, its future, however, remains promising due to the growing use of natural gas in the global maritime transport, Algeria Press Servicereported.




Dubai’s Free Zone petrochem, oil & gas companies record growth Gulf News + NewBase

The number of petrochemical, oil and gas and related machinery companies in Jebel Ali Free Zone (Jafza) has seen 20 per cent growth since 2012 and is estimated to have generated trade

worth $14 billion in the last fiscal.

These numbers were revealed by Adil Al Zarouni, Senior Vice-President, Jafza Sales, in his brief welcome address at the Strategic Customer Forum for Petrochemical, Oil and Gas and related Machinery companies organised by Economic Zones World, the parent company of Jafza in Dubai recently.

Al Zarouni attributed the sector’s remarkable growth to the rising demand for petrochemicals in the GCC and the emerging economies in Asia.

“Rapidly growing economic activities in the GCC and emerging economies in South and South East Asia will continue to drive similar or better growth in the petrochemical sector in the coming years,” Al Zarouni stated.

Salma Ali Saif Bin Hareb, CEO of Economic Zones World and Jafza, said China and India will continue to drive demand for UAE and the region’s petrochemical products. “Despite slowdown in the manufacturing sector in both the countries, the automotive sector, which is one of the main petrochemicals consuming industry, is set for almost 10% year-on-year growth stimulating greater demand for engineering polymers for which the UAE is considered a market leader,” she said.

She said that the proliferation of hydraulic fracturing (Fracking) techniques for oil and gas extraction has had a tremendous effect on the energy sector.

“Leading the push to deploy fracking in pursuit of new resources of oil and gas are Saudi Arabia, the UAE and Oman. The UAE is already leading the region, with Abu Dhabi National Oil Company (ADNOC) reporting positive results from the country’s first tight gas appraisal well.”




Saudi Build Seminars to unveil platform for a greener Kingdom Saudi Gazette + NewBase

The Kingdom of Saudi Arabia is the largest and fastest growing construction market in the Gulf, currently accounting for almost 40 percent of projects in the GCC. Driven by public sector funding and overseen by regional municipalities, the bulk of the Kingdom’s expenditure is being utilized to develop five key areas – healthcare, hospitality, education, housing, and transport – by 2020.

Building on its reputation of successfully hosting Saudi Build – the International, Construction Technology and Building Materials Trade Exhibition for 25 years, Riyadh Exhibitions Company (REC), the leading conferences and exhibitions organizer in Saudi Arabia, has announced the launch of the Saudi Build Seminars. The conferences are being organized in collaboration with Advanced Conferences and Meetings (ACM), a premium B-2-B events company focusing on the dynamic and ever changing requirements of the MENA region, and will be held concurrently with the exhibition. Spread over three days, Saudi Build Seminars will focus on key industry issues. The topic for the Day 1 is ‘Architecture and Design’ which will address issues such as delivering quality interiors through innovative design and fit-outs. Day 2 will cover ‘Exterior Design and Landscaping’ to discuss advancements in urban design, master planning, and landscape architecture. Lastly, the seminars on the Day 3 will be held under the theme of ‘Sustainable Design and Construction,’ demonstrating how to deliver beautifully designed sustainable buildings for a greener KSA. The seminars will feature a number of innovative and informative high-level sessions which will further enhance Saudi Build’s role in highlighting the latest products and technologies to various segments of building and construction industries of the local and regional markets. REC has partnered with ACM to create a series of unique B-2-B seminars with an aim to provide interactive insights into the challenges and opportunities faced by construction companies in Saudi Arabia and the region. The conferences are designed to network with expert decision makers and thought leaders alongside the means to network effectively among new business prospects. Key topics to be discussed at the events include ‘Stay Ahead of Interior Design Trends in the GCC,’ ‘Better Understand the Guiding Principles for Sustainable Interior Design,’ ‘Learn How to Combine Traditional Islamic Architecture With Contemporary Design,’ ‘Explore Specific Challenges With Achieving Higher Quality Finishing Works in KSA,’ ‘Design Iconic Multi-Purpose and Sustainable Rail Stations and Streetscapes,’ and ‘Discover Facade Design Strategies to Maintain and Optimize Building Performance.’ Saudi Build 2014 will be held on Nov.10-13, 2014 at the Riyadh International Convention and Exhibition Center. Approved by UFI, the Global Association of the Exhibition Industry, the show will be held concurrently with Saudi Stonetech 2014 – the 17th International Stone and Stone Technology Exhibition, and Saudi Build PMV Series – the 5th international exhibition for construction equipment, plant, machinery, and vehicles.




Senegal: Cairn Energy re-enters second well in its Senegal exploration Source: Cairn Energy

Announcing its Interim Management Statement on Thursday, Cairn Energyprovided an

update on its operationsoffshore Senegal. Cairn reports that the recently completed basin

opening FAN-1 well discovered oil

offshore Senegal. Cairn has now re-

entered the second well in the

Senegal exploration

programme, SNE-1, where the top

hole had already been drilled.

This second well targets theShelf

Edge Prospect which is a dual

objective of stacked Cretaceous

clastics and deeper karstified and

fractured Lower Cretaceous shelf

carbonates, in 1,100m water depth.

The upper clastic objective is of

similar age to oil bearing sands

found in FAN-1. The two objectives

in SNE-1 are estimated by Cairn to

have a gross mean unrisked

prospective resource of 182mmbbls

and 256mmbbls respectively, and

the well is anticipated to complete

before the end of the year. The first

well FAN-1, drilled using the Cajun

Express, discovered high quality,

light oil in multiple stacked

deepwater fans. Evaluation is now

under way to calibrate the well with the existing 3D seismic in order to decide future

activities and potential optimal follow up locations to determine the extent of the

discovered resource and additional activity which is targeted for 2015 onwards.

Preliminary analysis indicates:

• 29m of net oil bearing reservoir in Cretaceous sandstones

• No water contact was encountered in a gross oil bearing interval of more than 500m

• Distinct oils types ranging from 28° API up to 41° API indicated so far from a number of oil samples

recovered to surface

• Initial gross STOIIP estimates for the FAN-1 well range from P90: 250 mmbbls, P50: 950 mmbbls to

P10: 2,500 mmbbls, broadly in line with pre-drill STOIIP estimates




Mozambique LNG’s competitiveness attracts Asian buyers LNG World + NewBase

Asian countries have been reaching deals to import LNG from Mozambique, keeping the proceedings under the radar.Five deals with flexible terms for 20 years have been preliminarily reached one of which is the deal with CNOOC of China for 2.5 mtpa/year.

The Mozambique LNG project is targeting Japanese small-scale buyers, while Thailand’s PTT struck a similar deal to the one with CNOOC. Indonesia’s Pertamina is looking for a 1 mtpa/year deal with talks going on with an Indian company as well as UAE. according to industries sources close to the talks, reports Reuters.

Getting this deals wrapped up is crucial for Anadarko to secure bank financing for its projects. Anadarko Petroleum is building the first two LNG plants in Mozambique. Standard Bank believes Anadarko’s initial project will add $67 billion to government revenue over its 30-year life.

Steven Hoyle, Anadarko’s vice president for LNG told Reuters that LNG cost base and pricing from Mozambique project is competitive in today’s market which is encouraging investments. Mitsui, Bharat PetroResources, Mozambique’s state-run ENH, Oil India Limited and PTT are Anadarko’s partners in the project.




Pressure on US oil firms to cut spending Reuters + NewsBase

Top US oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets while reminding investors they must spend to grow. Exxon Mobil Corp on Friday it would keep its current spending plan intact, though it is about 15 percent less than 2013. ConocoPhillips said it will spend less money next year, and Chevron Corp said it is looking for budget “flexibility.”

Crude oil prices have slumped 25 percent since June as global supplies grow and demand weakens. Exxon, which sets budgets using a long-term horizon, still expects to spend a little bit less than $37bn a year from 2015 to 2017, an executive told investors on Friday on a conference call. “We always are mindful of what’s happening in the near future but I keep on pulling back that we are a long-term investor,” said Jeff Woodbury, Exxon’s head of investor relations. Exxon tests projects “across the full range of economic parameters including price” to ensure favorable returns, he said.

The Irving, Texas company saw capital spending peak at $42.5bn last year when it was advancing projects to deliver future production growth. Exxon has spent $28bn so far this year, down 14 percent versus the first nine months of 2013.

ConocoPhillips, the largest independent oil and gas company, said on Thursday it plans to spend less than $16bn next year, below the $16.7bn it expects to spend in 2014. “(Capital spending) is going to be lower because of the commodity price environment,” Jeff Sheets, ConocoPhillip’s chief financial officer said. “We have the flexibility in our capital program to reduce it without giving up any opportunities.”

ConocoPhillips has room to slow spending on some exploration projects as well on some of its less developed projects in the Permian Basin, Western Canada and the Niobrara in Colorado, said Sheets.

Even with a 2015 smaller budget, ConocoPhillips still expects to grow its oil and gas output 3 percent to 5 percent. The company’s capital spending plan is due in December. Chevron Corp, the second-largest oil producer behind Exxon, said it was looking closely at discretionary versus nondiscretionary spending.

“Obviously we are having to have some top discussions around what do we think the price outlook is going to be, what do we think the cost structure is going to be,” said Pat Yarrington, Chevron’s CFO. But she reminded investors that “we take a long-term view of prices because our investments last for decades.”

So far this year, Chevron has spent $25.7bn. Last fall it forecast capital expenditures of $39.8bn for this year. Exxon and Chevron shares rose more than 1 percent on Friday after they reported third-quarter earnings that topped expectations thanks to higher refining profits.




Climate Change Fight Affordable, Cut Emissions To Zero By 2100 - UN By Reuters + NewBase

Governments can keep climate change in check at manageable costs but will have to cut greenhouse gas emissions to zero by 2100 to limit fast-worsening risks, a U.N. report showed on Sunday.

The 40-page synthesis, summing up 5,000 pages of work by 800 scientists already published since September 2013, said global warming was now causing more heat extremes, downpours, acidifying the oceans and pushing up sea levels. “There is still time, but very little time” to act at manageable costs, Rajendra Pachauri, chair of the Intergovernmental Panel on Climate Change (IPCC), told Reuters.He was referring to a U.N. goal of limiting average surface temperature rises to two degrees Celsius (3.6F)

above pre-industrial times. Temperatures are already up 0.85 C (1.4F).

To get a good chance of staying below 2C, the report says that world emissions would have to fall to “near zero or below in 2100.” U.N. Secretary-General Ban Ki-moon will help present the report in Copenhagen on Sunday.

The study, given authority by the approval of officials from more than 120 governments in a week of editing, will be the main handbook for 200 nations which are due to agree a U.N. deal to combat global warming in Paris in late 2015.

RENEWABLES, NUCLEAR

The report points to options including energy efficiency, a shift from fossil fuels to wind or solar power, nuclear energy or coal-fired power plants where carbon dioxide is stripped from the exhaust fumes and buried underground.

But carbon capture and storage (CCS) technologies are little tested. In most scenarios, the report says “fossil fuel power generation without CCS is phased out almost entirely by 2100″. China, the United States, the European Union and India are top emitters.

Without extra efforts to rein in greenhouse gas emissions, “warming by the end of the 21st century will bring high risks of severe, widespread, and irreversible impacts globally,” it said. “Irreversible” could mean, for instance, a runaway melt of Greenland’s vast ice sheets that could swamp coastal regions and cities or disruptions to monsoons vital for growing food.

“Fighting climate change is affordable…but we are not on the right pathway,” said Ottmar Edenhofer, a German scientist who was a co-chair of an IPCC report in March about tackling climate change.




Deep cuts in emissions would reduce global growth in consumption of goods and services, the economic yardsstick used by the IPCC, by just 0.06 percentage point a year below annual projected growth of 1.6 to 3.0 per cent, it said.

“We must act now to reduce dangerous carbon pollution,” said California Democratic Senator Barbara Boxer, chair of the Senate Environment and Public Works Committee, to avert risks to health, food supplies, water and infrastructure.

Environmental groups welcomed the report, including its focus on zero emissions. “This is no longer about dividing up the pie. You need to get to zero. At some stage there is no pie left for anyone,” said Kaisa Kosonen of Greenpeace.

The report also says that it is at least 95 per cent sure that manmade emissions of greenhouse gases, rather than natural variations in the climate, are the main cause of warming since 1950, up from 90 per cent in a previous assessment in 2007.

The report draws on three studies about climate science, impacts ranging from crop growth in Africa to melting Arctic sea ice, and solutions to warming published since September 2013. It is likely to be the first document that policymakers read.




Oil Prices Drop Sepecial Coverage

Saudi & other GCC faces budget deficit in long run if oil drop persists’

Oil prices are likely to show a downward trend in the coming years in view of the growing shale oil industry in the US and easing political tension in the Mena region and Ukrainian dispute, Mubasher Trade has said in a report.

In its report entitled “Mena Economics”, Mubasher said the growing shale oil industry in the US would increase the overall energy supply in the world, while the improving situation in the Mena region and Ukraine can restore oil supply back to higher levels.

On the recent drop in the oil price, Mubasher said there were a few contributing reasons, including a lower economic growth forecast by the

International Monetary Fund (IMF) on concerns of weaker growth in the eurozone, Japan, and emerging markets; the International Energy Agency’s lower estimates vis-à-vis global oil demand, dollar appreciation against other major currencies in anticipation of an interest rate hike in 2015 by the Federal Reserve.

“Although the drop was severe and abrupt (-25% in four months after reaching a 52-week high of $115 a barrel in June 2014), we believe it is in line with the overall long-term view,” Mubasher said. The report noted that if lower oil prices persisted with no significantly-higher economic diversification, Saudi Arabia might run a trade deficit in the long run.

“But for now, we believe the government can tap into its huge foreign reserves ($737bn in August, +6.7% year-on-year) generated over the years to support the economy in case of global economic disruptions in the short to medium run as it did before during the global financial crisis in 2008-09,” Mubasher said.




Saudi Arabia is one of the most oil-dependent economies, the report said. In 2013, Saudi’s oil sector represented 43% of nominal GDP, 78% of total exports, and 90% of the government’s revenues. The September 2014 figures show that Saudi Arabia supplied less oil for the fifth consecutive month (-3.4% month-on-month, -7.5% YoY).

Gulf economies edge towards reform as global oil price slides Reuters

When Kuwait’s government said last month that it planned to raise domestic prices of diesel fuel and kerosene, some angry Kuwaitis took to Twitter to denounce the move as unfair.

A resulting increase in airline ticket prices will be “extracted from our hard work”, wrote one person who identified himself as Khalid Alenezi. Essa Bouresly suggested Kuwaiti consumers would end up paying for merchants’ higher costs.

Officials in Kuwait and some other Gulf states may face more public protest in coming months. After taking care of their citizens for decades with a unique welfare system, some countries are edging towards cutting the benefits as the slide in global oil prices pressures state finances.

The austerity measures, however, are small compared to the tens of billions of dollars of oil wealth which the Gulf countries are spending on welfare. In some cases, officials do not appear to be economising because they are running out of money; they are using the oil price slide to convince their citizens of the need for reforms.




But taken together, the austerity plans may be the first serious effort by the wealthy Gulf states to economise since the oil price slump of the 1990s - and they could lead to more sweeping reforms down the road.

Last month, Oman’s Financial Affairs Minister Darwish al-Balushi told Reuters that his government was likely to start cutting some state subsidies next year, and that the oil price slide had made public opinion more supportive of this.

“I think the people would be more understanding now, more accepting. They realise that this

was natural wealth that is being overused, wasted...” al-Balushi said.

In Kuwait, the cabinet approved a report by a committee at the Ministry of Electricity and Water on cutting subsidies for diesel and kerosene, which could hike the prices that consumers pay for them more than threefold.

Ananthakrishnan Prasad, the International Monetary Fund’s mission chief for Kuwait, told Reuters last month after talks with the country’s authorities that he detected new momentum for reform.

“After a long time, I am really seeing some reforms on the fiscal and structural sides, and things are moving,” he said. “Between the government and parliament I think there is a realisation that although the current development model of using oil revenues...has worked so far in realising growth, it is not sustainable in the future as global risks are increasing.”

The oil price slide has not left Kuwait close to running out of money; the IMF has estimated it needs an oil price of only $54 to balance the state budget, far below Brent crude oil’s current price of around $85.

But subsidies, mostly for energy, gobble up about 5.1bn dinars ($17.7bn) annually, or roughly a quarter of the Kuwaiti government’s projected spending this fiscal year. The government knows the subsidies may be unsustainable in the long term. Now, however, it appears to be calculating that the current period of weak oil prices gives it a reason.

The country’s ruler, Emir Sheikh Sabah al-Ahmed al-Sabah, cited cheaper oil last week when he told parliament that it should co-operate with the cabinet to “protect our oil and financial wealth, which is not only ours, but is also the right of future generations”.

The cabinet has not yet announced any date for a hike in diesel and kerosene prices, but in a report earlier this year, state news agency KUNA estimated diesel price reform would save the government around $1bn a year.

Few households actually use large quantities of diesel or kerosene in Kuwait; businesses are the main consumers. With a per capita income of about $48,000, among the highest in the world, Kuwaitis can easily afford higher prices.




But other reforms are in the pipeline. The government decided in September to slash the state allowance paid to Kuwaitis travelling to seek healthcare abroad, originally 300 dinars a day for a patient and his two travel companions, by 58%.

Oil minister Ali al-Omair last month ruled out raising petrol and cooking gas prices for now, but officials have been discussing higher electricity and water tariffs. Electricity costs households just 2 fils (0.7 US cents) per kilowatt hour, one of the lowest prices globally, so many people are reported to be leaving their home air conditioning running even when they’re out. Producing the power is estimated to cost around 30-40 fils per KWh.

Raising utility costs would strike at a tremendous sense of entitlement felt by many Kuwaiti citizens. When the electricity minister tried this year to force consumers to pay their outstanding power bills - allowing people to pay half their debt immediately and the rest in instalments over 18 months - one member of parliament accused the minister of being uncivilised.

Asked how authorities could persuade the public of the need to cut subsidies, Finance Minister Anas al-Saleh told Reuters: “Through trying to talk transparently and with honesty to our people and our citizens. I think we are reaching the ground where people understand it’s necessary, what we are doing.”

Mohammed al-Sakka, economics professor at Kuwait University, said: “Of course the public will resist any attempt to increase prices, remove subsidies. “It’s not going to be easy, I’m sure. But the government will have to take it on. It’s surgery we need to do.”

Oman’s oil reserves are small compared to those of its neighbours and if the price of oil stays around $85 a barrel, the government looks likely to run a budget deficit next year. So it faces more immediate financial pressure to cut subsidies.

Al-Balushi declined to give details of which subsidies might be reduced, but in the past has described petrol as an obvious target. He said the subsidy system was unfair because it benefited rich people as well as poorer ones.

“Everybody gets, people who deserve and people who do not. I think if we rationalise it and use the saving for better priorities, that will definitely have a return for the people of Oman,” he said.

His comments underlined one aspect of reforms in the Gulf: at least some of the money saved may be used to raise welfare payments to the lowest-income people - perhaps through direct cash payments - which would limit the impact on state budgets.

Another country that has been grappling with reforms is tiny Bahrain. Its oil and gas authority announced last December that it would gradually raise the domestic selling price for diesel, almost doubling it by 2017, but the hike has not gone ahead after some members of parliament protested. The oil price slide may now pressure the government into reviving the plan.

So far there is no clear sign that the region’s biggest economy, Saudi Arabia, is moving towards subsidy reform. In May last year, Economy and Planning Minister Mohammed al-Jasser told a Riyadh conference that subsidies needed to be cut, but there is still no indication of a serious plans in the works.




Saudi Arabia is in the midst of pushing through big changes to its labour market in order to move more local citizens into the private sector, so it may prefer to complete those reforms before raising energy prices for businesses and households.

Its neighbour the UAE increased fuel prices by 26% in 2010. In the long term, however, progress in Kuwait and Oman could encourage policymakers in the rest of the Gulf to follow suit.

“Reducing energy subsidies is always a difficult subject for all Gulf economies,” said John Sfakianakis, director for the region at investment manager Ashmore in Riyadh. “But over the long run it will benefit the wider economy, as subsidies are a structural price distortion and an opportunity cost on state budgets.”

The kingdom’s overall trade surplus had fallen by 11% in 2013 to $208bn as oil exports declined by 4% after surging 50% in 2011 on geopolitical instability and hence higher oil prices. Meanwhile, imports increased by 8% in 2013.

Additionally, the IMF forecasts a declining current account surplus for Saudi Arabia, which is expected to be cut to the half by 2017 to reach 9% of GDP, down from 18% in 2013.

Mubasher said Saudi’s reserves would “save the day for now” but the kingdom needed more economic diversification to avoid a trade deficit down the road.

“In view of Saudi’s high dependence on oil exports, we note that oil price fluctuation can be detrimental in the long run. Hence, we emphasise the importance of the Saudi government’s efforts to diversify its economy and revenue sources,” Mubasher said.







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 [email protected] [email protected]

Khaled Al Awadi is a UAE National with a total Khaled Al Awadi is a UAE National with a total Khaled Al Awadi is a UAE National with a total Khaled 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 & Gas Oil & Gas Oil & Gas Oil & Gas

sector. Currently working as Technisector. Currently working as Technisector. Currently working as Technisector. Currently working as Technical Affairs Specialist for cal Affairs Specialist for cal Affairs Specialist for cal Affairs Specialist for

Emirates General Petroleum Corp. “Emarat“ with external Emirates General Petroleum Corp. “Emarat“ with external Emirates General Petroleum Corp. “Emarat“ with external Emirates General Petroleum Corp. “Emarat“ with external

voluntary Energy consultation for the GCC area via Hawk voluntary Energy consultation for the GCC area via Hawk voluntary Energy consultation for the GCC area via Hawk voluntary Energy consultation for the GCC area via Hawk

Energy Service as a UAE operations base , Most of the Energy Service as a UAE operations base , Most of the Energy Service as a UAE operations base , Most of the Energy Service as a UAE operations base , Most of the

experience were spent as the Gas Operations Manager in experience were spent as the Gas Operations Manager in experience were spent as the Gas Operations Manager in experience were spent as the Gas Operations Manager in

EmEmEmEmarat , responsible for Emarat Gas Pipeline Network Facility arat , responsible for Emarat Gas Pipeline Network Facility arat , responsible for Emarat Gas Pipeline Network Facility arat , 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 of gas pipelines, gas metering & regulating stations and in the of gas pipelines, gas metering & regulating stations and in the of gas pipelines, gas metering & regulating stations and in the

engineering ofengineering ofengineering ofengineering of supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance

agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas

Conferences held in the UAE andConferences held in the UAE andConferences held in the UAE andConferences held in the UAE and EnergyEnergyEnergyEnergy program broadcasted internationally , via GCC leading satellite Channels . program broadcasted internationally , via GCC leading satellite Channels . program broadcasted internationally , via GCC leading satellite Channels . program 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 02 November 2014 K. Al Awadi

Economy & Finance

New base special 03 november 2014