new base 483 special 20 november 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 .

NewBase 20 November 2014 - Issue No. 483 Khaled Al Awadi

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

World’s first oil well still bubbling up black gold By Oman Observer By Stanislaw Waszak

The smell of money hangs thick in the air as black crude oil bubbles up from what is billed as the world’s oldest oil well, but this is not Texas or Saudi Arabia. The sleepy village of Bobrka in southern Poland lays claim to the planet’s first oil well and rig, one that is still pumping up enough black gold to be profitable.

It was dug and built by hand in 1860 under the watchful gaze of Polish pharmacist and inventor Ignacy Lukasiewicz, a humble man who pioneered the now ubiquitous use of petroleum by creating the kerosene lamp. Thanks to him, “Bobrka became the birthplace of the world’s oil industry”, says Barbara Olejarz, who runs a local museum devoted to the origins of the sector and whose last name by




coincidence means “oilman” in Polish. “It all began there,” she tells while pointing a finger at an obelisk built by Lukasiewicz and his circle to mark the launch of the oil field in 1854 and the founding of the world’s first oil company. Despite giving birth to the sector, it turned out that Poland did not have much oil. It now produces around 20,000 barrels a day, or 7.3 million per year, worth some $584 million (466 million euros) at current prices — a trickle by global standards. Refined locally, Polish crude covers just four to five per cent of domestic demand, according to oil and gas expert Andrzej Szczesniak. The five remaining wells at the Bobkra museum pump out a combined 423 barrels of crude per year, which is also locally refined and consumed. And though he pioneered the oil industry, few outside the country know about Lukasiewicz, due in part to his own humility. “His modesty worked against him. He remained less known than other Polish scientists: Copernicus or Marie Sklodowska-Curie,” says Olejarz. “He didn’t want to be the talk of the town, he didn’t like to stand out, he did everything during his lifetime so that he’d be forgotten and his wish has been fulfilled.” Born in 1822 in the southern village of Zaduszniki — then part of the Austro-Hungarian Empire — Lukasiewicz acquired a pharmacist’s diploma and an interest in the petroleum found in the eastern Carpathian Mountains. He ran experiment after experiment, sometimes triggering an accidental fire or explosion, before succeeding at refining crude oil and inventing the first kerosene lamp. In 1853, he used it to light up the hospital in nearby Lviv, now part of Ukraine, and the following year he lit the world’s first kerosene lamp on a street in Gorlice. Next up came the need to learn how to extract fuel from the ground in high volumes.

oil field in 1854 – Bobrka, Poland




UAE: Apar Industries, to set up manufacturing unit at Sharjah, HFZA WAM + NewBase

Singapore-based Petroleum Specialties Pte. Ltd (PSPL), a fully-owned subsidiary of the world renowned Apar Industries Limited, has announced that it will set up a manufacturing unit at Hamriyah Free Zone Authority (HFZA).

The group signed an agreement on Tuesday 18, November with Hamriyah Free Zone Authority (HFZA), Sharjah Airport International Free Zone (SAIF ZONE) and the Sharjah Sea Ports and Customs Department. Mr. Kushal N. Desai, Managing Director of Apar Industries represented the Apar Industries Limited. Apar Industries Limited is the largest manufacturer of transformer oil, white oils, rubber process oils and lubricants (industrial & automotive) in India. GCC and Africa accounts for a significantly large portion of Apar’s export revenues. The group has a US$ 850 million diversified company offering value added products and services in power transmission conductors, petroleum specialties and power cables. The group accounts for about 50 per cent of the Indian transformer oils market and about 22 per cent of its aluminium conductor market.

"Our goal is creating a robust business environment by meeting the needs and demands of our investors," said Saud Salim Al Mazrouei while welcoming the 4th largest manufacturer of transformer oils in the world to HFZA.

"We are keen to set up a manufacturing unit at HFZA which can cater to the African/MENA market and help in expanding our reach to the CIS countries," said Kushal Desai, Managing Director of Apar Industries.

"We will set up this manufacturing facility through our Singapore based subsidiary Petroleum Specialties Pte Ltd," he added. While asked about the investment, he said "the project is huge and still on the drawing board. Once detailed engineering is done we will be able to furnish further information about the project cost, working capital etc." "HFZA has extended extensive support to us and PSPL has been awarded 30,000 square meters of land in HFZA to develop the facility and we plan to complete the project by December 2015," said Sanjay Abhyankar, Senior Vice President of Apar Industries and project manager for HFZA project.

"We are moving to HFZA due to its strategic location and as per the recommendation of our business associates Rchemie International FZC which already has a base in HFZA," he said. "Currently Apar Industries, which is listed on the Bombay Stock Exchange (BSE), exports specialty oils to more than 70 countries." Abhyankar explained.

Hamriyah Free Zone houses 6000 companies from across 155 nations, welcoming foreign investment from more than 500 industries in the key sectors of oil & gas, petrochemicals, maritime, steel, construction, and food.




Turkmenisatn to Hike Gas Exports to Iran Mehr News.

Iran and Turkmenistan are expected to sign an agreement under which latter would increase

gas supplies to Tehran in winters, according to Mehr News.

Map of Iran's natural gas infrastructure1s showing cross boarder pipelines to Turkey, Armenia, Azerbaijan, Turkmenistan, UAE & Iraq. ( the last two still not following & Iran is a net importer )

Iran's Deputy minister Hamidreza Araqi told Mehr News that the amount of gas supplied

would go up to 30 million cubic meters per day. Turkmenisatn has been exporting about 24-

25 million cubic meters of natural gas to Iran per day.

“According to agreements signed, there is currently no barrier blocking the flow of gas from

Turkmenistan,” Araqi said. In August, Iran’s Petroleum minister Bijan Namdar Zanganeh

said his country will stop importing gas fromTurkmenistan by March 2016.

Iran would no longer need to import gas from Turkmenistan as its gas production will

increase by 200 mcm/d by that time, Shana news agency quoted him as saying. Iran has

been looking to boost domestic gas production, especially that of South Pars gas field.




Repsol starts drilling ops off Canary Islands Source : Repsol + NewBase

In an e-mail sent to Offshore Energy Today Spanish oil company Repsol has confirmed that the company has started drilling offshore the Canary Islands, Spain.

According to Repsol’s spokesperson, the drilling began yesterday and it is expected to last for six weeks. The company hired Rowan Renaissance drillship for this exploratory work. Offshore Energy Today has previously reported that the environmental organization Greenpeace on Saturday (November 15) protested against the company’s drilling off the Canary Islands.

Greenpeace said that during this protest one of their activists was hospitalised and another injured as Spanish Navy boats repeatedly rammed Greenpeace boats engaged in a protest. Following the protest, the environmental organization’s ship Arctic Sunrise was detained by Spanish authorities in the port of Arrecife, Lanzarote, Spain.

When asked about Repsol’s stance on the Greenpeace protests, the spokesperson said: “I have no comment on the protests beyond that Repsol is convinced that evaluating Spain’s oil potential will benefit the country, and we carry out our operations with the most stringent safety measures as a matter of course.”

To remind, Repsol was given final approval by the Spanish government to begin exploratory work off Canary Islands in August 2014. The licence had been awarded to Repsol and its partners Woodside and RWE Dea back in 2002, but due to several appeals against the drilling in the area the drilling was delayed.

In June this year Supreme Court of Spain rejected seven appeals against the Government’s decision to grant permission for exploration drilling in the area. The area covers a small Atlantic margin basin, which is prospective for gas as well as oil.




PETRONAS in Irish farm-in to drill off shore

Malaysian oil giant Petronas, has through its subisidary PSE Kinsale Energy Limited, entered into a farm-in deal for an offshore block in Ireland.

According to Lansdowne Oil & Gas, a party in the transaction, Kinsale Energy will acquire an 80% stake and become operator of SEL 4/07 block, offshore Ireland.

In return, Kinsale Energy will pay all of the costs of drilling a well on the Midleton prospect and fund Lansdowne’s share of the costs of any testing program up to $ 2.5 million. The completion of the farm-in agreement remains subject to Irish Governmental approval.

Lansdowne CEO Steve Boldy said: “We are delighted to welcome Kinsale Energy to Licence 4/07 and look forward to drilling the Midleton gas prospect. Kinsale Energy’s team has a wealth of operating experience and has been producing gas safely from the Kinsale gas field and its satellites since 1978.

“Securing a farm-in partner for Midleton is a critical first step to delivering our objective of a multi-well programme in the Celtic Sea which, in addition to exploration wells, we expect to also include further appraisal/pre-development drilling on the Barryroe oil field”.




European residential electricity prices increasing faster than prices in

United States. Source: U.S. Energy Information Administration and Eurostat

European residential electricity prices have historically exceeded U.S. prices, and the gap has widened in recent years. In 2013, average residential electricity rates in European Union (EU) countries were more than double rates in the United States. Regulatory structures—including taxes and other user fees, investment in renewable energy technologies, and the mix and cost of fuels—all influence electricity prices.

In 2013, average EU residential prices were 0.20 euro per kilowatthour (euro/kWh), which translates to about 26.57 cents per kilowatthour (cents/kWh), a 43% increase from the average 2006 price of 18.80 cents/kWh. In that same time, U.S. prices increased only 17%, from 10.40 cents/kWh to 12.12 cents/kWh. These averages mask wide differences across the European Union, ranging from 11.99 cents/kWh (Bulgaria) to 39.42 cents/kWh (Denmark) in 2013. Denmark and Germany have some of the highest prices in the region, while Bulgaria is the only country in the EU-28 with residential prices lower than the U.S. average in 2013. The range of electricity prices across the United States is also wide. In 2013, the average residential U.S. price was 12.12 cents/kWh, with a range in the Lower 48 states of 8.67 cents/kWh (Washington) to 18.84 cents/kWh (New York). At 36.99 cents/kWh, Hawaii has the highest residential electricity prices in the United States because of the high cost of transporting generation fuel to the islands; its residential rates are near Denmark's. Taxes and levies explain high prices in some European countries. EU countries taxed residential electricity rates at an average of 31% in 2013, up from an average of 23% in 2006. These values vary greatly by country, with tax ratess in 2013 as low as 5% in the United Kingdom (UK) and up to 57% in Denmark. In Germany, where taxes and levies account for about half of retail electricity prices, transmission system operators charge residential consumers a renewable energy levy that is used to subsidize certain renewable generation facilities. Overall, nonhydro renewable electricity generation in the European Union increased its share from 6% in 2006 to more than 12% in 2013, while in the United States it increased from 2.5% to more than 5%.




In addition, Germany committed to reducing the number of operating nuclear plants in the country and introduced policy incentives to reduce electricity generation from coal. Replacing these existing facilities and their fuels with new generation sources has also increased their electricity cost. Natural gas has accounted for an increasing share of U.S. generation as domestic natural gas production increases have allowed for a greater supply to be available at relatively low cost. Although about 18% of 2012 EU generation came from natural gas, most EU countries consume more natural gas than they produce and thus rely on pipeline or liquefied natural gas (LNG) imports. From 2006 to 2013, prices for natural gas at the main trading hubs in the UK and Germany increased by more than a third, while prices at the U.S. benchmark Henry Hub decreased by 45%.




Gulfsands Petroleum announces establishment of MENA region

strategic relationship with Arawak

Gulfsands Petroleum, the oil and gas production, exploration and development company with

activities in Syria, Morocco, Tunisia, Colombia and the U.S.A., has provided a corporate update,

including confirmation of the establishment of a strategic relationship with Arawak Energy

International, an oil and gas exploration and development company, registered in the Dubai

International Finance Centre, relating to the acquisition and development of new business

opportunities in the Middle East and North Africa ('MENA') region.

In addition, Arawak has agreed to provide Gulfsands with a US$20 million convertible loan facility for the further development of the Group's existing Moroccan interests, and for working capital purposes. Highlights:

• Establishment of strategic relationship with Arawak to acquire and develop new Projects in the MENA region

• Arawak to provide Gulfsands with financing for the acquisition and development of these future Projects

• Gulfsands and Arawak to pursue the acquisition of Projects with existing oil and gas reserves requiring development or re-development

• Gulfsands to operate new Projects with a 30% interest and Arawak 70%

• A Convertible Loan Facility of up to US$20 million for the development of the Group's existing Morocco interests, and for working capital purposes

• Preparations for the commencement of initial production at LTU-1 in Morocco underway, targeting first gas before year end

• Continued focus on overhead reduction and sale or partial divestiture of non-core assets within the portfolio being actively pursued as part of a re-focusing of the Group's activities and portfolio of projects




Indian Minister in Turkmenistan to Discuss TAPI Pipeline Natural Gas Asia + NewBase

Taking a step closer to realising the Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline, India's Minister of State for Petroleum & Natural Gas Dharmendra Pradhan on Tuesday left for Turkmenistan to attend the 19th Steering Committee meeting of TAPI project.

Besides attending the TAPI meeting Pradhan is scheduled to discuss bilateral oil and gas

cooperation issues with the Government of Turkmenistan, the government said in a statement.

Gas companies of Turkmenistan, Afghanistan, Pakistan, and India have established a company that will build, own and operate the planned 1,800-kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline, Asian Development Bank (ADB) said Thursday.

Turkmengas, Afghan Gas Enterprise, Inter State Gas Systems, and GAIL (India) Limited own equal shares of the company.

ADB was appointed the transaction advisor for the TAPI gas pipeline project in November 2013. In that role, ADB advised on the establishment of the TAPI pipeline company as an integral part of the larger goal of identifying and selecting a commercial consortium leader to spearhead the construction and operation of the pipeline.

When selected, the commercial consortium leader will take a substantial stake in the company.

The TAPI pipeline will export up to 33 billion cubic meters of natural gas a year from Turkmenistan to Afghanistan, Pakistan, and India over 30 years.




Gazprom and Petrohemija to boost Serbia refining and petrochemicals The Russian giant JSC Gazprom Neft (Gazprom) is planning to upgrade the Naftna Industria Srbije (NIS) refinery located in Pancevo on the east of Belgrade, Serbia. The NIS refinery results from a joint venture between Gazprom, the Republic of Serbia (Serbia) and minority stakeholders

share the working interests such as: - Gazprom 56.15% - Serbia 29.87% - Minorities 13.98%

In 2009, Gazprom invested $500 million to take this majority stake in the NIS joint venture with the intention to spend $1.3 billion more in capital expenditure to expand and upgrade thePancevo refinery. From this amount $700 million have already been engaged for a new hydrocracking unit and hydrotreating unit completed in 2012 and the modernization of the fluid catalytic cracker achieved in 2013 for the production ofEuro-5 quality transportation fuels such as gasoline, diesel and jetfuel. Currently the NIS Pancevo refinery is designed to produce 98,000 barrels per day, but the 2020 strategy is to increase the

refining capacity by 100,000 barrels per day (b/d). This Pancevo refinery expansion will go step by step in respect with the financial capabilities of the NIS joint venture, still in turn-around phase.

For the next step Gazprom is considering to invest in a new deep-conversion reformer with ultra-deep hydrocracking unit and delayed coker that could helpPancevo to accept more competitive heavy crude oil.

After these investments, Gazprom expects the NIS Pancevo refinery to become one of the most efficient in Europe to supply Serbia and to export a large portfolio of products in Balkans by 2020.

HIP-Petrohemija to study Pancevo Poly Propylene




Next to Gazprom NIS Pancevo refinery, the State-owned HIP-Petrohemija (Petrohemija) is studying the construction of a greenfield polypropylene plant at the existing Pancevo petrochemical complex in Serbia.

In 1999, the Petrohemija Pancevo complex had been severely damaged by the Nato forces bombing. Since the Yugoslavia war, Petrohemija is investing to restore, revamp and upgrade Pancevo petrochemical complex.

In the period 2009 to 2013, Petrohemija managed to increase capacity in the ethylene, high density polyethylene (HDPE) and low density polyethylene (LDPE) facilities.

For the period 2014 to 2030 Petrohemija agreed on a strategic development program to continue to increase capacities and modernize the existing production units on Pancevo complex.

With NIS Pancevo refinery additional capacity, Petrohemija prioritized the production of polypropylene with this first Pancevo petrochemical expansion.

Petrohemija and the local authorities signed an agreement on the existing site extension where should be located Pancevo polypropylene unit.

With budgeted $120 million capital expenditure, Petrohemija is starting the feasibility study for thisgreenfield Pancevo polypropylene that should start first commercial operation by 2018.




Oil Price Drop Special Coverage

Former president of Spain says stability of energy market vital Gulf News + NewBase

Abu Dhabi: Former president of Spain, Jose Maria Aznar, raised concern about the volatility in the oil market and said that it undermines investment.

Delivering a special address at the end of energy summit in Abu Dhabi, Aznar said stability of energy market is important. “Oil will continue to play a leading role for a long time to come. Security of supply and security of demand is vital,” he said.

Oil prices have been dropping for the past few months due to slowing of economies and oversupply. The US has been able to produce record levels of shale gas as it continues to invest in the energy sector.

From a peak of $115 in June, crude oil has fallen to $78.95 on Wednesday. Analysts have said the trend is likely to continue even next year. According to Goldman Sachs Brent Crude will be as low $80 per barrel in the second quarter of next year.

The Organisation of the Petroleum Exporting Countries (Opec) is due to meet next week to discuss the current situation as pressure grows from members countries to reduce the output to increase the prices. Aznar said energy landscape requires a more agile diplomacy to guarantee energy security. “Energy security is driven by politics. We need order, clarity and transparency.”

He said energy consumption is growing as population increases. “There is going to be big demand. It is going to increase by 40 per cent in the next two decades. Reliable supply of energy is essential for global growth.”

According to him, global industry needs to overcome many challenges including conflicts in oil producing countries like Syria, Iraq and Libya. “The scope of energy policy has widened and includes environmental and social sustainability. Climate change is a major concern due to carbon emissions.

The two-day conference ended with a discussion on Iran and Ukraine-Russia crisis. Speakers said that an additional oil of 500,000 to 600,000 barrels of oil per day will enter market in the next six to eight months if sanctions on Iran are lifted.

“Iran faces many challenges including lower oil prices. If sanctions are eased, crude oil and natural gas production will expand in the country,” said Dr Sara Vakhshouri, president of US based SVB Energy International.

She said sanctions were a big blow to Iranian oil industry. “Production went down from four million barrels per day to 3.5-3.7 million barrels per day. The country could not reach five year investment plan of $255 due to sanctions.”




Dr Vakhshouri said Iran possesses huge natural gas reserves but the share in the global market is less due to high domestic consumption. “It is trying to gain market share in neighbouring countries like Bharian, Kuwait and the United Arab Emirates by exporting natural gas.”

If the sanctions are lifted, she said international companies will come back to Iran for investment and there will be a price competition on the crude oil front. Iran is holding negotiations with a group of Western sanctions over its controversial nuclear program. The deadline for reaching an agreement with P5+1 group of countries is November 24.

Speaking on the energy challenges of the Ukraine Crisis, Dr Jack Sharples, an associate professor from the University of St Petersburg in Russia said security of gas transit via Ukraine is a vital issue for European Union (EU)’s energy. “If an interruption to occur in the gas transit, the states of central, southern and south eastern Europe would be affected while the disruption in the western Europe would be minimal,” he said.

According to him, Russia is a strategic supplier of natural gas to the EU and accounts for approximately two-thirds of its imports. The majority of EU member states currently hold enough gas in storage for at least two months. Bulgaria stands out as being vulnerable with no access to alternative supplies or sufficient gas storage if a disruption to occur.

What's behind Saudi's oil policy? Time for the conspiracy theorists to have their say. By Reuters

If Saudi Oil Minister Ali al Naimi (pictured below) wants to stop conspiracy theories spreading before a crucial OPEC meeting next week, it's too late.Naimi's intervention last week after a two-

month silence failed to address a question energy markets want answered: is the OPEC leader no longer willing to defend oil prices which have dived by a third to their lowest since 2010, and is it pursuing new commercial or even geopolitical goals? Despite Naimi's insistance that Riyadh wants stable markets, diplomatic and market sources say Saudi officials told recent private briefings that the kingdom can live for some time with current, or even lower, levels.

Reading Saudi oil policies has long been like Kremlinology - understanding the politics of that other secretive power, Russia. The next OPEC meeting on November 27 is taking this art to a new, higher level.

A number of explanations have been offered to fill the information vacuum on Riyadh's intentions and they aren't all from the usual conspiracy theorists in Russia and Iran, which are at loggerheads with the kingdom.

Oil market watchers are divided on the outcome of the meeting in Vienna. Predictions range from a large OPEC production cut to revive prices through a small cut to none at all. Even those who have known Naimi for decades are puzzled. "For the first time, I really do not know what is likely to happen at the meeting. It is not clear," said a long-serving senior OPEC delegate.

When Naimi finally spoke on November 12, he said Riyadh's desire for stable markets had not changed. "Saudi oil policy... have been subject a great deal of wild and inaccurate conjecture in recent weeks. We do not seek to politicise oil ... For us it's a question of supply and demand, it's purely business," he said.




According to four market and diplomatic sources, who asked not to be named, Saudi officials briefed OPEC watchers privately in New York and Riyadh in September and October.

Nasser Al Dossary, Saudi Arabia's national representative to OPEC, Naimi's deputy Prince Abdulaziz bin Salman and the kingdom's OPEC governor Mohammed Al Madhi attended at least one of these meeting to give the message that, with its large currency reserves, the kingdom was prepared to withstand oil prices as low as $70-$80 per barrel for up to a year.

Most members of the cartel apart from Saudi Arabia need much higher prices to balance their budgets but ironically are unable or unwilling to reduce their output to counter a global glut caused by slowing economic growth in China and Europe, just as US oil production booms.

Should the Saudis tell fellow OPEC members, badly suffering from the oil price collapse, that they will not cut output, debate will intensify on what prompted the policy shift. One possibility is Riyadh wants to see off US shale oil, which is believed to need much higher prices than conventional production to remain competitive. "They are after US shale," said one participant in the meetings

with Saudi officials.

However, the source added that the Saudis might also regard low prices as an opportunity to put even more pressure on Iran and Russia for supporting Syrian President Bashar Al Assad, an arch-enemy of Riyadh, in the country's civil war.

Several Saudi oil sources have denied over the past month that geopolitics are now driving the policy, but they have failed to stifle

theories that Riyadh and Washington are working together to hold down prices.

"What is the reason for the United States and some US allies wanting to drive down the price of oil? To harm Russia," Nicolas Maduro, president of fellow OPEC member Venezuela, said last month. Masoud Mirkazemi, an Iranian lawmaker and former oil minister, said Riyadh was helping the G20 group of major economies. "Saudi Arabia, which intends to manage OPEC, serves the interests of the G20 group," he said.

In Russia, the idea of a Saudi-US plot against Moscow has become common currency as the economy struggles under the effects of low oil prices and Western sanctions imposed over its annexation of Crimea and support for rebels in eastern Ukraine.

Leonid Fedun, a co-owner of private oil firm Lukoil, cited President Barack Obama's visit to Riyadh in March. "Obama travelled to meet the king of Saudi Arabia just after the Crimea events to push him to these actions (to lower the oil price)," Fedun, whose firm has large US assets, said last month.

Russia and Iran routinely allege US plots against their economies, but the conspiracy theories are spreading. "Is it just my imagination or is there a global oil war underway pitting the United States and Saudi Arabia on one side against Russia and Iran on the other?" New York Times columnist Thomas Friedman, wrote last month.




Borouge sponsors Arabplast 2015 (WAM) + NewBase

Borouge will participate as a principal sponsor at Arabplast 2015, the largest plastics, petrochemicals and rubber industry trade show in the Middle East and North Africa region, due to be held at the Dubai International Convention and Exhibition Centre from 10-13 January 2015.

Occupying a display stand of 450 sqm in Hall 7, Borouge’s participation at Arabplast reflects the growing significance of the event as the most important plastics exhibition in the Middle East where top leading plastics producers, manufacturers and convertors from the GCC and other parts of the world meet to discuss and exchange knowledge and best practices and learn about the latest technologies used in the industry.

"As Principal Sponsor, Arabplast provides us with a unique opportunity to underline our contribution to further support the plastics industry in the MENA region and highlight our growing position as a leading provider of innovative and sustainable plastics solutions that make a difference to society," said Wim Roels, CEO, Borouge Pte Ltd.

"Arabplast is an ideal platform to showcase our growth and investments in innovation and how we provide the market with the most advanced polyolefin solutions that meet the increasing demand due to the growing urbanisation and rapid infrastructure growth." Hazeem Sultan Al Suwaidi, Senior Vice-President of Sales Middle East and Africa added, "We have seen in previous years that Arabplast is a powerful venue to showcase plastic industry developments raising awareness amongst customers, particularly in the infrastructure and specialty packaging sectors, regarding our differentiated, high-quality plastics solutions. From our perspective, Arabplast is an important sales platform into the Middle East region." Arabplast has emerged as one of the largest trade shows for plastics, rubber and petrochemicals industries in the world, and it has attracted leading companies to discuss major industry related issues and exchange ideas and experiences to better improve the plastics industry and help face the future challenges.

"The petrochemicals industry is a major contributor to the GCC economies," said Satish Khanna, General Manager of Al Fajer Information and Services, organiser of Arabplast 2015. "Gulf petrochemical companies are aggressively competing to showcase their latest technologies in plastic manufacturing at the forthcoming Arabplast 2015." Arabplast 2015 will see a growth of 20 per cent with a record number of exhibitors and sponsors compared to 2013. Over 1,100 companies from 45 countries are going to participate at Arabplast 2015. This reflects the growing importance of the event as seen by the GCC countries who are aiming to strengthen their manufacturing industries, including both plastics and rubber sectors.





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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 of 25 years of experience in the Oil & Gas sector. Currently working as Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for the GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas Operations Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years , he has developed great experiences in the designing & constructing of gas pipelines, gas metering &

regulating stations and in the engineering of 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 Conferences held in the UAE and Energy 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 20 November 2014 K. Al Awadi

new base 483 special 20 november 2014

Economy & Finance