New base 05 july 2019 energy news issue 1258 by khaled al awadi

Copyright © 2018NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
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NewBase Energy News 05July 2019 - Issue No. 1258 Senior Editor Eng. Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502,Dubai, UAE
UAE : Abu Dhabi utility shortlists 24 firms for 2000 MW solar plant
Reuters - Stanley Carvalho
International and local companies are among 24 bidders pre-qualified to build the world's largest
single-site solar plant in Abu Dhabi, a spokesman for the firm in-charge of managing the emirate's
water and power said on Wednesday. The new plant is expected to start commercial operations in
the first quarter of 2022
Abu Dhabi, the capital of the United Arab Emirates, is building a new 2000 megawatt (MW) solar
photovoltaic power project. "Twenty four companies have qualified, they have to submit proposals
by fourth quarter (2019)," the spokesman of Emirates Water and Electricity Company (EWEC) told
Reuters.
The successful bidder or consortium would hold a 40% stake in the project with the remaining
stake held by local entities. EWEC received expressions of interest from 48 leading international
and local developers to build the solar project at Al Dhafra in Abu Dhabi, a statement from EWEC
said.
Once completed, the project site will cover an area of 20 square kilometres, almost doubling the
capacity of the current largest operational single-site solar PV plant in the world, Noor Abu Dhabi,
the statement said.The new plant is expected to start commercial operations in the first quarter of
2022 and it will lift Abu Dhabi’s solar power capacity to 3200 MW.
Noor Abu Dhabi, located in Sweihan, Abu Dhabi emirate, is the world’s
largest single solar project, with a capacity of 1,177 megawatts.

UAE: Adnoc and SK partners start production from Haliba field
The National - Jennifer Gnana
Abu Dhabi National Oil Company (Adnoc) and Korea National Oil Company (Knoc) started
commercial production from the emirate's onshore Haliba oilfield, which they jointly operate, as the
UAE firm looks to drive up output capacity to 4 million barrels per day by 2020.
Initial production from the field, which lies along the south-east border of Abu Dhabi and is
operated by the joint venture entity Al Dhafra Petroleum, is expected to reach 40,000 bpd by the
end of this year. Adnoc holds a 60 per cent stake in the joint venture, with the remainder
controlled by South Korea's Knoc and GS Energy.
South Korean deputy trade, industry and energy minister Il-pyo Hong, left with Dr Al Jaber.
Courtesy Adnoc
“First oil from Haliba demonstrates our ambition to unlock and maximise value from all of Abu
Dhabi’s oil and gas resources to create long-term and sustainable returns for the UAE and our
partners as we respond to the world’s growing demand for energy," said Adnoc group chief
executive and UAE Minister of State Dr Sultan Al Jaber.
"Adnoc is committed to delivering a more profitable upstream business and expanding our oil
production capacity, and the production from Haliba field is an integral part of achieving our
targets," he added.
The UAE accounts for 4 per cent of global crude production, much of it from fields owned and
operated by state-run Adnoc and its affiliates. Al Dhafrah Petroleum Company was established in
2014 to explore the Haliba oilfield concession area.
The onshore field holds up to 1.1 billion barrels of oil, discovered following an extensive appraisal
programme, which also found significant resource potential in three new fields - Al Humrah, Bu
Tasah and Bu Nikhelah.
Production from the Haliba field will be increased using "modularised production units" that
provide swift and innovative output capabilities, with the crude then transported for processing
using trucks, the company said.
Al Dhafra Petroleum will explore an additional 70 prospects in the concession area, with the
Haliba field serving as its main production hub.
Oil produced from the field will be transported to Adnoc Onshore's Asab central degassing station
for processing, with the processed crude then transported through the subsidiary's main oil lines to
marine export terminals, Adnoc added

Kazakhstan: Total launches Phase 3 of the Dunga field
Source: Total
Total and its partners have approved the launch of Phase 3 development of the onshore Dunga
field in the Mangystau Region of western Kazakhstan.
Phase 3 of the Total-operated field will consist of adding wells to the existing infrastructure and
upgrading the processing plant to increase its capacity by 10% to 20,000 barrels of oil per day by
2022. This will add production of more than 70 million barrels of reserves.
The development has been made possible thanks to the approval by the Government of the
Republic of Kazakhstan of a 15-year extension of the
Production Sharing Agreement (PSA) for the field,
originally signed in 1994 and due to expire in 2024. The
project requires a $300 million investment and will create
400 more direct jobs in the region at the peak of
construction activity.
'This low-investment-cost-per-barrel development
maximizes the field’s potential and extends plateau
production,' said Arnaud Breuillac, President, Exploration
& Production at Total. 'This new development phase,
combined with the Dunga field license extension, helps
unlock 70 million barrels of additional reserves, which
represents a significant development for Kazakhstan.'
The Dunga oil field is operated by
Total (60%), alongside Oman Oil
Company (20%) nd Partex (20%).

Saudi Arabia, Kuwait Make Breakthrough in Neutral Zone Oil
Bloomberg - Fiona MacDonald
Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral
zone shared by the neighboring nations after making a breakthrough in recent talks, according to
people familiar with the matter.
While Kuwait and Riyadh haven’t yet reached a final agreement, in a recent meeting the Middle
East nations made significant progress in resolving sovereignty issues that have thwarted
negotiations in the past, the same people said, asking not to be named discussing diplomatic
talks.
The neutral zone hasn’t produced anything since fields there were shut down after spats between
the two countries in 2014 and 2015. The barren strip of desert straddling Saudi Arabia and Kuwait
-- a relic of the time when European powers drew implausible ruler-straight borders across the
Middle East -- can pump about 500,000 barrels a day, as much as OPEC-member Ecuador.

After a meeting in June in Riyadh, both sides are drafting new documents ahead of further talks,
the people said. The next meeting may be held in Kuwait this month, one of the people said. If
both sides finalize some technical details, production will be able to resume from the fields of
Khafji and Wafra, one of the people said.
Still, it’s not clear whether the neutral zone will pump much oil immediately even if both nations
reach a final deal because the Organization of Petroleum Exporting Countries extended its
production cuts into early 2020. Saudi Arabia and Kuwait split the crude pumped from the neutral
zone within their respective OPEC production quotas.
The two Gulf nations have held a number of private meetings since 2015, at one point even
coming close to signing an agreement before pulling back at the last minute over wording in the
final documents regarding contentious sovereignty issues. This time around, however, the talks
appear to have entered a fresh phase, with both sides keen to find a final resolution, the people
said, without providing details.
A spokesman for Saudi Arabia’s Energy Ministry declined to comment. Kuwait’s state oil company
didn’t immediately respond to a request for comment.
Given the complexity of reaching an agreement, talks could still break down. Still, in a sign that
officials are hoping the progress will continue, Kuwaiti lawmaker Adnan Abdul Samad said in mid-
June after a parliamentary panel meeting with Oil Minister Khaled Al-Fadhel that officials were
discussing the possibility of resuming output in the joint owned fields.
The neutral zone, spread over 5,700 square kilometers -- an area a bit smaller than Delaware --
was created by a 1922 treaty between Kuwait and the fledgling Kingdom of Saudi Arabia. In the
1970s the two nations agreed to divide the area and incorporate each half into their territory, while
still sharing and jointly managing
the petroleum riches. The region
contains two main oil fields: the
onshore Wafra and the offshore
Khafji.
The importance of the fields is
now higher due to the impact of
sanctions on Venezuela and Iran,
which has tightened the supply of
so-called sour-heavy crude --
precisely the kind of oil that the
neutral zone produces. U.S.
diplomats had been pressing both
side to reach an agreement, so
far without success.
The disagreement between Saudi
Arabia and Kuwait started on the
Wafra field, which is operated by
Chevron Corp., the second-
largest energy company in the
U.S. In 2009, Saudi Arabia
extended the original 60-year-old concession of the field, giving the American company rights over
Wafra until 2039. Kuwait was furious over the announcement and claims Riyadh never consulted
it about the extension.

Oman: PDO brings Rabab HarweelIntegrated project into operation
Oman Observer + NewBse
Petroleum Development Oman’s (PDO) Rabab Harweel Integrated Project (RHIP) has entered the
start-up phase with gas production from the first sour wells, marking a key milestone for the mega
project and coming two months ahead of schedule.
This represents a significant step in the commissioning process and work is progressing to initiate
and stabilise the hydrocarbon processing facilities and to line up more wells. The plant’s capacity
will be ramped up in the coming weeks.
RHIP is an integrated oil and gas development across the Rabab and Harweel reservoirs in
southern Oman, which demonstrates many aspects of innovation, capital efficiency and
sustainability. It is the largest capital project in PDO’s history, representing a reserve add of more
than 500 million barrels of oil equivalent.
PDO Managing Director Raoul Restucci said: “Rabab Harweel is a world-class addition to our
portfolio, coming in ahead of plan and well below budget. The investment returns are substantial,
and, importantly, robust at low oil prices.
“This world-class, highly technical and complex project has been delivered by a team of skilled
Omanis with an impressive safety record, overcoming significant logistical, technical and
operational challenges. It is a great source of pride to everyone in PDO.
I also want to take the opportunity to commend our strategic partners, Petrofac, CCC and Al Turki
Enterprises for the sterling delivery and proficient collaboration.”
The facilities were built to handle the production of oil and gas from the Harweel oil reservoirs via
miscible gas injection (MGI) — an enhanced oil recovery mechanism pioneered by PDO — and
the production of gas from the Harweel and neighbouringRabab reservoirs. Gas and oil production
from RHIP will provide additional revenue that will contribute to economic growth.

The project posed significant safety challenges, not only due to its size and complexity, but also
because of the presence of a toxic, high-pressure mix of hydrogen sulphide and carbon dioxide.
These gases are highly corrosive, which necessitated the use of corrosion-resistant alloys in
materials and equipment. RHIP is designed to handle the toxic gases safely and effectively
incorporating significant learnings from other similar PDO plants including the Harweel Main
Production Station.
PDO Project Delivery Manager Shihab al Barwani said: “The start-up of RHIP marks a significant
milestone for the project. Everyone involved should be very proud of the work that has been
delivered to reach this point.
“The project combines human endeavour and ingenuity from across the world and here in Oman.
We are proud to be working with our local communities, suppliers and partners to ensure its safe,
reliable operations into the future. “RHIP forms an integral part of PDO’s portfolio and plays an
important role in our growth journey and Oman’s economy as a whole.”
Although the procurement for the project engaged suppliers on a global scale, there was
significant emphasis on In-Country Value with 50 per cent of the procurement cost spent within
Oman utilising local supply chains.
A large number of Omani contractors and vendors, many from the local community, were involved
throughout the project. Fabrication of pressure vessels, process columns, pre-assembly pipe rack
modules, and power and instrument cables were supplied by Omani companies.
In addition, around 200 Omanis were trained as certified 6G welders (the highest international
standard) through PDO’s National Objectives programme, specifically to work on the project.
Restucci added: “The project has created a huge number of jobs and development opportunities
for PDO, local suppliers and contractors, as well as adding to the Company’s sour gas expertise,
which we can leverage regionally and globally.”

Russia: Yamal LNG H1 2019 production hits 9 million tons
Russia’s largest independent natural gas producer Novatek said that Yamal LNG has produced
9.0 million tons of LNG and 0.6 million tons of stable gas condensate in the first half of 2019.
All three LNG trains were running above nameplate capacity in the first half of 2019, the company
said in its statement.For the same period, 126 LNG tanker shipments were dispatched.
Most of the LNG was transshipped from the ice-class LNG carriers to conventional vessels in
Norway and delivered to the markets. From the start of transshipment in November 2018, 123
ship-to-ship transfer operations have been conducted, Novatek said.
Yamal LNG is a 17.4 mtpa natural gas liquefaction plant comprised of three LNG trains of 5.5
mtpa each, with one LNG train of 900,000 tons per annum, currently under construction. The
project is utilizing the hydrocarbon resources of the South-Tambeyskoye field in the Russian
Arctic.
The first LNG train began production in the fourth quarter of 2017 and trains 2 and 3 – in July
2018 and November 2018, respectively.Yamal LNG shareholders include Novatek (50.1 percent),
Total (20 percent), CNPC (20 percent), and the Silk Road Fund (9.9 percent).

Ghana: Eni awarded exploration license offshore Ghana
Source: Eni
Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the
medium deep waters of the prolific Tano Basin, offshore Ghana. This result allows Eni to further
consolidate its presence in the Country.
Eni will be the Operator of the license and besides Vitol the Joint Venture will include the Ghana
National Petroleum Corporation (GNPC) and a local registered Company that will be identified
during the phase of contract finalization. The Contract award is subject to approval from the
Authorities.
This award comes as an outcome of Ghana’s first international competitive bid round, in which 5
Blocks have been put on offer in water depths ranging from 100 to 4,400 m.
In Ghana’s Tano Basin Eni owns rights to the Development Areas of Sankofa and GyeNyame as
well as to the Exploration and Production area
of CTP-Block 4. The new block is located
approx. 50km south-east from the FPSO John
Agyekum Kufuor (JAK) that is currently
producing oil and gas from Sankofa Field. The
proximity of these infrastructures will became
synergic in case of new discoveries in Block 3.
Ghana is among the key Countries for Eni’s
organic growth. The company has been
present in the Country since 2009 and
accounts currently a gross production of about
70,000 barrels of oil equivalent per day.

India's Refinary MRPL buys U.S. Crude oil with 1 Million barrel
Reuters - Reporting by Nidhi Verma; Editing by Sam Holmes and Kenneth Maxwell
India’s state-run Mangalore Refinery and Petrochemicals Ltd (MRPL) has made its first purchase
of U.S.-produced Thunder Horse crude oil via a tender for mid-October delivery, its managing
director M. Venkatesh said on Friday.
“The price offered was very competitive,” Venkatesh said. The state-run refiner placed an order to
buy 1 million barrels of the sour oil, he said.
The deal comes as Indian refiners ramp up purchases of U.S. oil to compensate for the loss of
Iranian oil supplies as Washington tightens sanctions on Tehran. The widening spread between
Brent and West Texas Crude prices is also providing a boost to Asian refiners looking to buy U.S.
oil.
MRPL, which used to be Iran’s second-biggest Indian oil client, operates a 300,000 barrels per
day coastal refinery in the southern Karnataka state. Venkatesh told Reuters the Thunder Horse
deal is the firm’s second purchase of U.S. oil following a shipment of high-sulfur Southern Green
Canyon oil received in February 2018.
An industry source said MRPL has placed its order with BP late on Thursday evening. The person
declined to be identified due to the sensitivity of the matter. BP could not immediately be
contacted for comment.
Meanwhile MRPL’s Venkatesh said all units are now operating normally at the Karnataka refinery,
where crude processing was curtailed due to water shortages in early May.
“The refinery is operating at almost peak capacity,” he said.

Norway: Equinor makes oil discovery at Oseberg Vestflanken
Source: Equinor
Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg
Vestflanken. The well was drilled by the Askepott rig and the discovery will soon be put on stream
via the new, unmanned and remote-operated H platform on the Oseberg field.
Included in the Oseberg Vestflanken phase 2 project, the exploration extension well 30/6-H-9-
T4 proved a 112-metre oil column in a segment that has not been tested before. Oil was proven in
the Statfjord formation in southern parts of the Alpha structure on Oseberg.
Reservoir characteristics are excellent with high oil saturation. Recoverable resources are
estimated at 22 million barrels of oil. The partners will consider water injection to further increase
recoverable volumes.
'This discovery improves the Oseberg Vestflanken resource base. It can be put on stream with
limited investments and adds significant value to the partnership. We are combining drilling of
exploration and production wells to achieve highly profitable exploration wells at low cost,' says
Gunnar Nakken, vice president for the operations west cluster of Equinor.
'Discoveries as these underline the importance of near-field exploration. Our ambition is to
maintain profitable production from the Norwegian continental shelf (NCS) for several decades. A
major contribution will come from wells that are drilled at low cost and close to existing
infrastructure,' says Nakken.
Equinor’s NCS roadmap focuses on developing our key hubs for sustainable and long-term value
creation. The Oseberg area is such a hub, offering a good resource base and possible future tie-
ins from fields in the area.

The unmanned and remote-operated wellhead platform Oseberg H came on stream less than a
year ago. The well was drilled by the Oseberg licence’s new, state-of-the-art Cat J-rig Askepott on
its first assignments on Vestflanken.
'Having played a key role in the Norwegian oil adventure, Oseberg will continue to be important to
us for a long time going forward. We are therefore pleased to see that recent investments in the
area prove to be good business for both partners and society,' continues Nakken.
Oseberg is one of the big «elephants» on the NCS. At the end of 2017, Oseberg was the third
largest oil producer on the NCS having produced around 2.9 billion barrels of oil. Original
development plans were based on an oil production of around 2.0 billion barrels. Current
expectations are that 3.1 billion barrels of oil will be produced during the lifetime of the field.

NewBase July 05 – 2019 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
Brent crude inches up, U.S. oil falls on weak economic data
Reuters + Bloomberg + NewBase
U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked
higher, supported by tensions over Iran and this week’s decision by OPEC and its allies to extend
a supply cut deal until next year.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were down $0.41 at $56.93 per barrel by
1113 GMT. There was no settlement price on Thursday because of the Independence Day holiday
in the United States.
Front-month Brent crude futures LCOc1 were up $0.34 at $63.64 per barrel. Both benchmarks
were set for their biggest weekly falls in five weeks.
In a protracted trade war between the United States and China that dampened prospects of global
economic growth and oil demand, representatives of both countries are resuming talks next week
to resolve the deadlock.
Oil price special
coverage

“The truce between the United States and China is not translating into anything in the real
economy in the short term,” said Olivier Jakob, Petromatrix oil analyst.
“The negotiations still have to happen and until then we will be still looking at very weak
manufacturing PMIs,” he said referring to Purchasing Managers’ Indices which indicate
companies’ optimism about their sector.
German industrial orders fell far more than expected in May, and the Economy Ministry warned on
Friday that this sector of Europe’s largest economy was likely to remain weak in the coming
months.
In the United States, new orders for factory goods fell for a second straight month in May,
government data showed on Wednesday, stoking economic concerns.
The U.S. Energy Information Administration on Wednesday reported a weekly decline of 1.1
million barrels in crude stocks, much smaller than the 5 million barrel draw reported by the
American Petroleum Institute earlier in the week and analyst expectations.
Giving a floor to prices was this week’s commitment to cut production from the world’s largest
exporters - including members of the Organization of the Petroleum Exporting Countries (OPEC)
and other producers such as Russia, a grouping known as OPEC+.
Oil Set for Weekly Decline as Economic Woes Eclipse OPEC Curbs
Oil is set for the biggest weekly decline since May as global demand concerns outweighed an
OPEC+ pact to extend supply curbs into 2020 and worries that a renewed confrontation with Iran
may threaten supplies.
Futures are down in New York from Wednesday’s close as anxieties over demand resurfaced this
week following sluggish economic numbers from the U.S. to China. The bleak figures emphasize
the market OPEC and its allies face as their supply action and the seizure of a tanker carrying
Iranian crude to Syria by British special forces on Thursday failed to spur prices.

Oil slumped 4.8% on Tuesday for its worst decline following a meeting by the Organization of
Petroleum Exporting Countries in four years. The cartel’s decision to prolong curbs leaves
the door open for U.S. shale producers to grab more market share, as the group will have to cut
deeper to achieve inventory targets, according to Goldman Sachs Group Inc. American crude
output resumed gains last week after dropping since the start of June, from a record high.
“If the state of the economy does not improve, demand alone is not likely to be able to slice
potentially growing inventories,” Michael Poulsen, an analyst at Global Risk Management A/S
wrote in a report. “The Middle East tensions are also potentially bullish for oil prices and any new
development in the area could spur fears of oil disruptions.”
West Texas Intermediate oil for August delivery dropped 61 cents, or 1.1%, from Wednesday’s
settlement to $56.73 a barrel on the New York Mercantile Exchange as of 11:01 a.m. in London.
There was no settlement Thursday due to a holiday in the U.S. and all transactions will be booked
Friday. Prices are down 3% so far this week.
Brent for September rose 24 cents to $63.54 a barrel on the ICE Futures Europe Exchange.
Futures are down 1.8% this week. The global benchmark crude traded at a $6.66 premium to WTI
for the same month.
Iran said the seizure of the tanker off Gibraltar was illegal and summoned the British ambassador
to the Foreign Ministry in Tehran to explain. The diplomatic row heightened tensions just as the
U.K., France and Germany try to keep the Islamic Republic from walking away from an
international deal to prevent the country developing nuclear weapons.
Bank of England Governor Mark Carney this week warned of dangers from rising protectionism
around the world and said there could be a “widespread slowdown” that may require a major
economic-policy response. In the U.S., a gauge of factory activity fell to the weakest level since
October 2016, while the Caixin China PMI Manufacturing measure dipped below 50 for the first
time in four months.

NewBase Special Coverage
News Agencies News Release July 05-2019
Middle East Crude-Oman premium jumps; Exxon offers Upper Zakum at discount
(Reuters Reporting by Florence Tan; Editing by Rashmi Aich
Middle East crude benchmarks rose on Friday with DME Oman’s premium posting a more
significant jump than cash Dubai. DME Oman’s premium to swaps rose 31 cents to $1.67 a barrel
while cash Dubai’s premium was at $1.09, up 11 cents.
Exxon Mobil offered September-loading Upper Zakum cargo at 15 cents a barrel below its official
selling price (OSP) while Shell placed a bid at a discount of 30 cents a barrel.
GS Caltex maintained its offer for a September-loading Murban cargo at 25 cents a barrel below
its OSP.
SAUDI: Saudi Aramco has set the August official selling price (OSP) for Arab Light crude for sale
to Asia at $2.45 a barrel above Oman-Dubai quotes, 25 cents lower than the previous month.
The price cut was smaller than the 30-50 cents a barrel forecast by refiners in a Reuters survey.
The producer also cut the August OSPs for Arab Extra Light crude and Arab Medium crude by 55
cents and 20 cents, respectively.
It raised the August OSP for Arab Heavy by 10 cents, against expectations of a price cut of at
least 15 cents, likely due to strong demand for heavy oil in the absence of Iranian supplies.
ASIA PACIFIC: Indonesia has set the official Indonesia Crude Price (ICP) for Minas crude oil at
$61.84 a barrel for June, down $7.21 from the previous month, a document from the Ministry of
Energy & Mineral Resources showed.
The June Minas alpha, or price difference to dated Brent, was set at minus $2.26 per barrel, down
19 cents from a month ago, the document showed.
Australia’s North West Shelf (NWS) condensate exports will drop to three cargoes in Sept due to
maintenance activities in third quarter, trade sources said.
Seller Grade Volume Loading date
Shell NWS cond 650KB Sept 5-9
MIMI NWS cond 650KB Sept 18-22
Woodside NWS cond 650KB Sept 28-Oct 2
ARBITRAGE: India’s MRPL has made its first purchase of U.S.-produced Thunder Horse crude oil
via a tender for mid-October delivery, its managing director M. Venkatesh said.
“The price offered was very competitive,” Venkatesh said. The state-run refiner placed an order to
buy 1 million barrels of the sour oil, he said.

Separately the refiner has also bought 1 million barrels of Angolan Dalia crude from Total at a
premium of $4-$4.30 a barrel to dated Brent for delivery in early September.
Seller-Buyer Price
Unipec-Shell (Oman) 62.20
Unipec-Shell 61.60
Unipec-Shell 61.64
Unipec-Shell 61.60
Reliance-Shell 61.60
PRICES ($/BBL)
DME OMAN DIFF TO DUBAI 1.67 1.36
CASH DUBAI 61.60 61.71
REFINERY
Poland’s PKN Orlen is expected to face a full-scale EU antitrust investigation into its planned
takeover of rival Lotos and may even face a veto due to their combined market share, people
familiar with the matter said.
MOVES
Repsol Trading Singapore, the commercial arm of Spanish energy company Repsol, has hired
senior Chinese oil trader Alan Wang Wei to join its team, three industry sources said on Friday.
Pacific Commerce, the trading arm of Chinese independent refiner Dongming Petrochemical in
Singapore, hired Leonard Leong from Italian oil and gas company Eni as crude oil trader and he
will start in September.
Other NEWS
British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil
to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its
confrontation with the West.
Iraq and Oman signed a memorandum of understanding to cooperate in the oil and gas sector,
including the possibility of building a shared refinery in Oman for processing imported Iraqi crude,
the Iraqi oil ministry said in a statement on Thursday.
China aims to launch a bonded low-sulfur bunker fuel oil contract that will allow foreign investors
to participate in trading by the end of 2019, the Shanghai Futures Exchange (ShFE) said.
High-sulfur fuel oil premiums in Asia surged to a record on Thursday, one of the first signs of the
impact of a shift in global ship fuel rules set to occur in 2020.

NewBase For discussion or further details on the news below you may contact us on +971504822502,Dubai, UAE
The Editor :”Khaled Al Awadi” Your partner in Energy Services
For additional free subscription emails please contact Hawk Energy
Khaled Malallah Al Awadi,
Energy Consultant
MS &BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
Mobile: +97150-4822502
khdmohd@hawkenergy.net
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a total of 28 years ofexperience 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 broadcastedinternationally, via GCC leading satellite Channels.
NewBase :For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase June 2019 K. Al Awadi

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