new base 568 special 25 march 2015

Copyright © 2015 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

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NewBase 25 March 2015 - Issue No. 568 Khaled Al Awadi

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

ADNOC to host 2,000 scientists at Middle East’s

largest energy R&D summit The Abu Dhabi National Oil Company, ADNOC, which manages 6% of the world’s proved oil reserves, will host 2,000 research professionals in Abu Dhabi at the Abu Dhabi International Research and Development Conference and Exhibition, ADRAC, in May to present the latest breakthrough innovations in energy R&D.

The 4th annual ADRAC will be held in Abu Dhabi from May 24th – 26th at the ADNEC exhibition centre. ADRAC is the premier conference for the international research and development community in the Middle East, sponsored by ADNOC and its Operating Companies, as well as the Petroleum Institute.

"Significant technological advances and investments in R&D are already well underway in the UAE and across the Middle East," said ADRAC 2015 Chairman, Yasser Saeed Al Mazroui. "ADRAC 2015 will focus on energy R&D, and bring together the top researches and practitioners from the Middle East and globally to collaborate and exchange knowledge to reach common goals."

ADRAC will facilitate collaboration of energy R&D from academia, research institutions and industry to share new solutions for the Oil and Gas sector through a three-day programme focused on the latest R&D findings, strategies and initiatives in the energy world.

Driven by an Exhibition from Academia to Industry, a CTO Summit with world-renowned leaders, international speakers, 20 posters and 46 technical sessions selected by almost 100 subject matter experts, ADRAC will be the place for knowledge exchange and the driving force behind future R&D initiatives in the Oil and Gas Industry.

First launched in 2011, the event was the first of its kind in the region to bring together professors, students, research centres, and industry experts to share and collaborate on R&D achievements and findings.

ADRAC 2015 will offer an intimate and vibrant atmosphere in which delegates will learn about cutting-edge developments in the field and discuss how they resolve common concerns.

For details please visit :-

www.adrac.info




UAE: Shah gas project to reach full capacity in second quarter The National + NewBase

“Currently we are in the process of ramping up production to full capacity, which we expect to achieve during the second quarter this year, very soon,” said Saif Ahmed Al Ghafli, the chief executive of Al Hosn Gas, which is developing the giant field. He was speaking at the Sour Oil and Gas Advanced Technologies conference in Abu Dhabi.

Production at the landmark gas project began in January and previously the chief executive of Adnoc, the state oil and gas company that owns 60 per cent of Al Hosn Gas, said he expected full production by the end of this year.

Occidental Petroleum of the US owns the other 40 per cent of the project, which is the first of its scale to produce “very sour” gas, which is gas with hydrogen sulphide (H2S) of more than 10 per cent.

The Shah gasfields, which are in the desert about 180 kilometres south-west of Abu Dhabi city, have H2S levels that average 23 per cent, as well as high levels of carbon dioxide.

“The scale of the Shah gas development is larger than sour gas projects undertaken anywhere else in the world,” said Mr Al Ghafli. “The outcome of the project is being watched very keenly by industry peers.”

The project entailed constructing the world’s first single gas plant to process at least 1 billion standard cubic feet (SCF) of gas with such high levels of H2S. After processing, which includes the removal and transport of more than 10,000 tonnes per day of “pure granular sulphur” to the export facility at Ruwais, the project is expected to contribute 500 million scf/d of gas to the UAE system. The UAE’s gas imports have been increasing in recent years to meet surging demand.

The US$10 billion project is also setting a precedent for other similar sour gas mega-projects in the region, where most of the world’s known sour gas deposits are located.




As Mr Al Ghafli pointed out, there were a number of huge obstacles to overcome to develop the Shah fields. The gasfields were discovered in the 1960s but previously thought too difficult and too dangerous, both to human life and the environment, to develop.

The difficulties included dealing with underground temperatures of around 150°C, pressure of 5,500 pounds per square inch, designing plant and processes to “sweeten” the gas and recovery of sulphur on an unprecedented scale, as well as other processing and transportation issues to deal with the highly corrosive material over the expected 30-year life of the project.

The Shah project will be followed by a number of regional mega-projects, mostly in Saudi Arabia and the UAE.

“In the past, sour gas developments in the Middle East have been with single-digit levels of H2S, but you are now seeing a number of fields like Shah being developed which, along with very high levels of H2S and CO2, have other exotic contaminants,” said Ajay Badhwar, strategic market head of natural gas at Dow Oil & Gas, which works on Shah to remove mercaptan, an unpleasant-smelling gas contaminant made up of carbon, hydrogen and sulphur.

“The advent of these highly sour fields requires deeper removal processes,” said Mr Badhwar. “The challenge is how to produce in an economic manner to bring gas to the marketplace while hitting very tight safety and environmental specs.”




Global polymer industry to grow 3.9% in 5 years Saudi Gazette + NewBase

GCC plastic industry urged to follow market, demographic trends . The global polymer industry is expected to grow with a CAGR of 3.9% over 2015-2020. The demand for polymer is driven by growth in end use markets, such as packaging, automotive, infrastructure, transport rails, and telecommunication mainly from emerging economies.

Polymer is continuously substituting metals, glass, paper, and other traditional materials in various applications due to its lightweight and strength and the design flexibility they offer brand owners along with low-cost.

According to “Global Polymer Industry Report 2015-2020: Trends, Profits and Forecast Analysis”, thermoplastics segment is expected to witness the highest growth over the next five years. Increasing applications of engineered plastics in various fields, such as construction, automotive, and industrial manufacturing equipment to mechanical engineering is expected to drive this market. The GCC plastic industry must follow market and demographic trends to overcome price fluctuations, noted some speakers at the 6th annual GPCA Plasticon conference in Dubai recently. Plastic manufacturers, they said, must develop strategies that can overcome global feedstock challenges and meet demand from high population growth regions in order to continue to grow and prosper. “We are not here to forecast the prices of oil because we can’t even predict what the price will be next week,” said Ziad S Al-Labban, Sadara chief executive officer, commenting on recent developments in the region’s energy sector, which has seen a 50% decline in oil price over the last six months. “What we can do is to chart trends in the polymer industry to figure out where the market is headed.” In Asia and India, high demand for petrochemicals has far outstripped the level of supply. “This region has added 150mn tons of capacity since 1990 but supply is not fulfilling demand. So this region has the potential to be a major market for GCC polymers.”




Historically, the middle class has been a major consumer of polymers, and with global population set to include over 60% of people within this demographic by 2030, demand for commodity

plastics will grow, Al-Labban said. However, as nations develop, the production side of the petrochemicals industry evolves towards manufacturing more specialty chemicals. “Today, the GCC’s products portfolio consists of only 0.2% of specialty chemicals and this will need to change,” said Al-Labban. He highlighted that the region must leverage its core strength of being strategically located in close proximity to areas that will experience population growth spurts. “Forty percent of the world’s population is within 3,000km from our manufacturing units.” Moving forward, companies in the GCC must also use technology to withstand market uncertainties. “At Sadara, we have the world’s largest mixed feed cracker. Two of the 12 furnaces in our facilities can swing from gas to liquid feedstock depending upon the market conditions,” explained Al-Labban. “I recommend creating value by using technology to go into specialty products because the future in commodities is limited.” These sentiments were echoed by Abdullah bin Saleh Al-Suwailem, chief executive officer, Petro Rabigh. “The GCC petrochemical industry is a gas based industry with limited liquid feedstock capabilities,” said Al-Suwailem. “Refocusing our commodities base towards a more specialty chemicals portfolio will open up growth and investment opportunities. These value creating products are also aligned with the national strategies of GCC governments as they offer significant opportunities for job creation.” While challenges associated with the oil price decline may have an effect in the coming months, there are also other market fluctuations that have affected the region’s petrochemical producers recently. “Legacy thinking of the GCC’s competitive advantage includes the lowest polymer price globally, low utility and labor costs, strategic location among others,” said Mosaed Al-Ohali, executive vice-president (Polymers) Sabic. “However, this is changing. If you look at polymer trade with the EU




between 2013 and 2014, there is a $ 200 a ton loss in competitiveness due to a rising import tariffs, increasing labor costs and a growth in inflation.” Despite these obstacles, there are also opportunities. “We are living in an inverted world — and the world continues to change. Today, the share of GDP growth shows that emerging economies outpace their advanced counterparts,” Al-Ohali noted. “This could lead to big opportunities for our business.” In 2014, the GCC’s polymer capacity reached 25.5 million tons, a 6% increase from the previous year, according to the GPCA. Saudi Arabia leads the region’s plastics production market, manufacturing an estimated 18.3 million tons, or 72% of the region’s polymer production capacity. The UAE follows the Kingdom, holding the region’s second largest plastic production capacity, or 13% of the region’s polymer capacity. Additionally, the GPCA predicts that industry will manufacture an estimated 33.3 million tons of polymer products by 2020, a 25% growth from present capacity. “Plastics improve the lives of millions of people everyday,” said Dr Abdulwahab Al-Sadoun, secretary-general, GPCA. “From lightweight automotive parts that reduce the overall fuel consumption of cars, to safe packing for food products, plastics make up the building blocks of several industry. While there is a necessity to fulfill present demand, what the region’s plastic manufacturers also need to plan is the products that will change the lives of billions in the next 10, 20 or even 30 years.”




Indonesia: Cooper Energy to test Bunian-3 development well in

the Sukananti KSO, South Sumatra. Source: Cooper Energy

Cooper Energy has advised that the Bunian-3 development well is currently making preparations to side-track at 1,055 metres after having reached a total depth of 1,704 metres in the Talang Akar Formation. Hole conditions have precluded the running of wireline logs and production casing in the original borehole. The primary target TRM-3 sand was intersected 15 metres higher than the adjacent Bunian-1 oil producing well. Bunian-1 was drilled in 1998 and initially tested at 1,585 barrels of oil per day. Bunian-1 has produced 993,000 barrels of oil and is currently producing at 191 barrels of oil per day.

In addition to the successful appraisal of the producing TRM-3 sand, two additional reservoirs, the TRM1/2 and K1 sands, were also intersected high to Bunian-1 and are potentially hydrocarbon saturated. It is intended that the well will be completed with the drilling rig and that production testing will be conducted once the rig has been released. The production performance of the additional sands will be evaluated as part of the testing programme. On completion of Bunian-3, the rig will move to drill the Tangai-5 development well.

Cooper Energy Managing Director David Maxwell said:

'The results to date are at the high end of expectations and give strong encouragement for future development activity within the Sukananti Permit. The impact on production and reserves will be assessed as new test data is obtained.'

Bunian-3 is an onshore vertical well in the Sukananti KSO, South Sumatra, Indonesia. The Bunian structure is a four-way, fault bounded anticline defined by the 2011 Sukananti 3D seismic survey. Bunian-3 is located 730 metres southwest of Bunian-1 and the primary target is the Talang Akar Formation TRM3 Sand.

Joint Venture participants in the KSO Tangai-Sukananti Block areCooper Energy (Operator 55%) and Mega Adhyaksa Pratama Sukananti (45%).




Thailand: KrisEnergy drills successful G6/48, Rossukon-2 Source: KrisEnergy

KrisEnergy has provided an update on the drilling of the Rossukon-2exploration well in G6/48 in the Gulf of Thailand, where the Rossukon oil accumulation was discovered in 2009. Rossukon-2, which is located at a water depth of 210 feet, was drilled to a total depth of 5,460 feet (1,664 metres) measured depth (-4,924 feet true vertical depth subsea).

Preliminary well logs indicate that the well intersected approx. 69 feet true vertical depth ('TVD') of

net oil bearing sandstones and 37 feet TVD of net gas-bearing sandstones, over five reservoir

intervals. The logging program is expected to be completed by 25 March 2015 at which point

Rossukon-2 will be plugged back and the Rossukon-2ST directional sidetrack well will

commence drilling out approx. 1.3 km to the northwest.

Chris Gibson-Robinson, Director Exploration & Production, commented:

'The results from Rossukon2 provide an encouraging basis to drill a sidetrack well to further define the lateral extent of the hydrocarbon columns and explore for new zones. These wells, together with the original 2009 discovery well, will bring us a step closer to deciding commerciality of the accumulation and the potential development concept.' G6/48 covers 566 sq km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. The Company took over operatorship of G6/48 in May 2014. It holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum with 40% and Mubadala Petroleumwith 30%. The Key Gibraltar jack-up rig is owned by Shelf Drilling (Southeast Asia). KrisEnergy has contracted the rig for a firm six months for its Thai drilling program, which includes Rossukon-2 in G6/48 and 15 development wells in the Wassana oil field.




Malaysia : share , see the World’s first FLNG vessel

South Korea’s Daewoo Shipbuilding Marine & Engineering (DSME) has shared photos of what is going to be the world’s first Floating LNG unit in operation.

The vessel, scheduled for completion by the end of the year, will be owned by Malaysian oil and gas giant, Petronas.

The PFLNG1, how the vessel is named, will be deployed at the Kanowit field offshore Sarawak, Malaysia.

The unit will be 360m long and 60m wide and will be moored 180km from shore. It will produce 1.2 million tonnes a year (mtpa) of LNG.




US: California first state to generate more than 5% of electricity

from utility-scale solar (10 Million MWH/ Year) Source: U.S. Energy Information Administration, Electric Power Monthly

California has become the first state with more than 5% of its annual utility-scale electricity generation from utility-scale solar power, according to EIA's Electric Power Monthly. California's utility-scale (1 megawatt (MW) or larger) solar plants generated a record 9.9 million megawatthours (MWh) of electricity in 2014, an increase of 6.1 million MWh from 2013.

California's utility-scale solar production in 2014 was more than three times the output of the next-highest state, Arizona, and more than all other states combined.

Several large plants were phased into operation in California during 2014, including two 550 MW solar photovoltaic plants, Topaz and Desert Sunlight (Phases 1 and 2), as well as the 377 MW Ivanpah (Phases 1, 2, and 3) and the 250 MW Genesis solar thermal plants. In total, nearly 1,900 MW of new utility-scale solar capacity was added, bringing the state's utility-scale capacity for all solar technologies to 5,400 MW by the end of 2014.

California has promoted solar power through a series of state policies, including a renewable portfolio standard(RPS) that requires electricity providers to obtain 33% of the power they sell from eligible renewable sources by 2020. In 2014, the state obtained 22% of its electricity from nonhydropower renewables including wind, solar, and biomass.

California also created incentives, including rebates and net-metering policies, to encourage rooftop and other small-scale solar capacity, whose generation is not captured in the above figure. By the end of 2014, more than 2,300 MW of small-scale solar capacity was installed on homes and businesses, according to the California Public Utilities Commission.

The top three states in utility-scale solar generation in 2014 were California, Arizona, and Nevada. These states in the southwestern United States have some of the best solar resources in the world. However, states with less-favorable solar resources, such as New Jersey and Massachusetts, also are among the top 10 states in total solar generation. All of the top 10 states—with the exception of Florida—have a renewable portfolio standard in place. Most of those policies include a specific target for solar power or customer-sited generation.




Source: U.S. Energy Information Administration, Electric Power Monthly Note: Data include generation from plants greater than 1 megawatt. The increase in California's solar production came the same year that drought conditions caused hydroelectric generation to fall 46% compared to the previous five-year average. Although solar is only available at certain times of the day, the annual increase in California's solar generation in 2014 offset 83% of the decrease in hydroelectric generation. Along with increases in generation from wind power and geothermal energy, solar power helped make California the top state producer of nonhydroelectric renewable electricity in 2014, narrowly topping Texas.




Oil Price Drop Special Coverage

Brent Crude Falls First Time in Three Days as Supply Seen Rising

Saudi Arabia, the world’s biggest exporter, is pumping about 10 million barrels a day, close to the record amount produced in 2013. U.S. crude stockpiles expanded for an 11th week through March 20, a Bloomberg News survey showed before a report from the Energy Information Administration Wednesday.

Brent and West Texas Intermediate crudes have retreated from this year’s peak in February as the Organization of Petroleum Exporting Countries pumped more oil than its target and U.S. crude output surged to the highest levels in more than three decades. Oil gained earlier as a weaker dollar boosted the appeal of commodities priced in the U.S. currency.

“U.S. production is still rising and the Saudis are not cutting, so we are going to be in this glut for a while,” said Tariq Zahir, a New York-based commodity fund manager at Tyche Capital Advisors. “We don’t have any bullish news out there except for the U.S. dollar.”

Brent for May settlement slid 81 cents, or 1.4 percent, to $55.11 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $7.6 to WTI on the ICE.

WTI for May delivery gained 6 cents to $47.51 a barrel on the New York Mercantile Exchange. Total volume was about 25 percent below the 100-day average for the time of day at 2:55 p.m.




Crude Inventories

U.S. crude inventories gained for 10 weeks to 458.5 million barrels in the week ended March 13, the highest in weekly data compiled by the Energy Department’s statistical arm since August 1982. Stockpiles may have gained 4.75 million last week, according to the Bloomberg survey.

Supplies at Cushing, Oklahoma, the delivery point for WTI contracts, were 54.4 million barrels as of March 13, the most in records going back to 2004. The hub has a working capacity of 70.8 million, according to the EIA.

“We are in the shoulder season and demand is weaker and supply is going up,” said Phil Flynn, senior market analyst at the Price Futures Group in Chicago. “The Saudis are still producing a lot of oil and U.S. inventories are still rising. The dollar is definitely a factor that’s in play here.”

The American Petroleum Institute said Tuesday that U.S. crude supplies gained 4.8 million barrels last week, according to people familiar with the report. Cushing stockpiles increased 2 million, the API was said to report.

Saudi Arabia is able to meet demand from any customer, Oil Minister Ali al-Naimi said at a conference in Riyadh, Saudi Arabia, on Sunday. The country’s output was 9.85 million barrels a day in February, according to data compiled by Bloomberg.

OPEC Target

OPEC, which pumps about 40 percent of the world’s oil, produced 30.6 million in February, surpassing its target of 30 million for a ninth month, according to Bloomberg data.

Oil prices will continue to fall in the second quarter as refineries shut for maintenance, curbing demand for crude, according to forecasters at Societe Generale SA and Facts Global Energy.

Demand will slow because of planned shutdowns, sending Brent crude, the global benchmark, to as low as $35 a barrel, Fereidun Fesharaki, Facts

Global chairman, told a conference on Tuesday in Fujairah, United Arab Emirates.

The next few months will be “detrimental for oil” with Brent averaging $51.30 in the second quarter, Alain Bokobza, SocGen’s head of strategy in global asset allocation, said in a report e-mailed Tuesday.




US shale oil firms raise enough equity to avoid loan reset squeeze Reuters + NewBase

Despite a 50 percent slide in crude prices since last summer, U.S. shale oil producers are

enjoying remarkably easy access to capital markets and this will allow them to avoid getting

squeezed when banks reset their loans in April.

A surge in equity issuance so far this year by oil and gas companies has surprised many who in December thought the price drop would hurt the ability of producers to tap capital markets. But investor appetite has held up in the first quarter, amounting to a vote of confidence in the ability of shale oil companies to weather the storm by relying on hedges and slashing spending to show a commitment to capital discipline.

'Because the capital markets are so good companies that are more worried about their borrowing base are able to ... raise either debt or equity, take those proceeds, and reduce their borrowing base,' said Timothy Perry, a managing director for energy investment banking at Credit Suisse in Houston. He said one client had reduced its borrowing base by two-thirds after doing a capital market deal.

According to Thomson Reuters Deals Intelligence, there have been 29 U.S. oil and gas equity deals so far this year that raised $13.9 billion, the highest volumes for that period in 15 years.

Banks typically reassess loans in October and April, and some have started to trim the value of reserves tied to credit lines by $10 to $20 a barrel from the mid-$70s. That is expected to marginally reduce loans a bit in the sector, but not as much as initially feared.

Some of the demand for new issues stems from the notion among investors that companies can survive with oil around where it is now, in the mid-$40s, and do better if prices recover. 'People view these companies as important. They are needed for the oil and gas supply situation, they are competitive assets and they are going to produce and earn a margin at mid-cycle,' said Robert Santangelo, co-head of equity capital markets origination in the Americas at Credit Suisse.

A slew of takeovers are expected in the U.S. oil industry, though so far there have not been many deals as buyers and sellers cannot agree on valuations because of volatile oil prices. 'M&A will follow, M&A tends to take a little bit longer,' said Osmar Abib, global head of oil and gas investment banking at Credit Suisse.




Russia:Top steelmakers succumb to stronger rouble amid weaker demand

Bloomberg + NewBase

Russian steelmakers are falling out of investors’ favour as slack demand and a strengthening rouble dim the profit outlook for some of the companies that had skirted a broader selloff amid the country’s financial crisis. Severstal, which rallied 57% last year as the dollar-denominated RTS Index plunged the most since 2008, has slid 9.1% from this year’s high as the rouble rallied the most among emerging-market currencies. OAO Novolipetsk Steel, which jumped 21% in 2014, has tumbled about 16% from this year’s peak.

While most stocks sank last year amid international sanctions and tumbling oil prices, a 46% drop in the rouble boosted the steelmakers as they made sales abroad and covered costs in the local currency. BCS Financial Corp last week cut its outlook on Russia’s steel industry to negative and recommended selling Severstal and Novolipetsk, saying investors have largely ignored a strengthening rouble, domestic steel prices at an all-time high and shrinking global demand. “A lot of investors are looking at the steel industry as if the rouble prices are still devalued, disregarding the fact that the rouble has strengthened, meaning profitability will decline,” Kirill Chuyko, the head of equity research at BCS Financial Group, said by phone on Monday. “The appreciation in the rouble, along with decreasing demand for steel globally and really high prices domestically, will inevitably affect the performance in the steel sector.” Economists surveyed by Bloomberg estimate that gross domestic product will probably contract 4% this year as crude trading around the lowest levels since 2009 exacerbates the impact of international sanctions linked to the Ukraine conflict. Oil is Russia’s biggest export. Severstal and Novolipetsk Steel pay wages and other costs in roubles while earning dollars or euros for exported steel. The rouble has appreciated 5.1% this month amid a tenuous cease-fire in Ukraine and Brent crude prices holding above $50 a barrel. While industries that benefited from the weaker rouble are now taking a hit, the rally in the currency, which has gained 17% to 58.7458 per dollar since




the end of January, might be short-lived, according to Oleg Popov, a money manager at Moscow- based April Capital asset management. The median estimate of analysts surveyed by Bloomberg is for the rouble to weaken to 64.75 in the third quarter. “I don’t see the trend of the rouble’s strengthening lasting,” Popov, who oversees about $500mn, said by phone on Monday. “I think this is short-term.” Spot prices for steel-making coal are down 14% this year after a 28% slide in 2014 amid a supply glut. Steel output in China will shrink this year as consumption has peaked, a representative of the China Iron & Steel Association said March 11. Shrinking consumption in China will further diminish steel demand, pushing down prices, while domestic prices of the metal will have to be lowered to match the rouble rally, BCS said in its report dated March 20. Severstal’s global depositary receipts were steady at $11.53 by 10:15 am in London yesterday. Novolipetsk Steel gained 0.8% to $12.95. The Bloomberg-Russia US Equity Index added 1.4% to 57.70. “If the rouble continues strengthening, metal producers will suffer the most since they export almost everything they process,” Vadim Bit-Avragim, a money manager in Moscow at Kapital Asset Management, which oversees 175.4bn roubles, said by phone. “The market is concerned that the rouble might strengthen to 55 against the dollar.”




UAE: Aluminium Middle East will be held on Dubai 14th – 16th April

ALUMINIUM MIDDLE EAST is the biggest gathering for aluminium professionals and the leading exhibition for aluminium products, technologies and investments in the Middle East.

Launched in 2009, the event brings together international industry front-runners including producers, manufacturers and processors of raw materials and end products made with aluminium components, as well as suppliers of technologies and accessories for aluminium production, processing and refinement.

In its 4th edition, ALUMINIUM Middle East gathers 180 exhibitors from 25 countries and over 3,000 industry professionals from 70 countries. The event will highlight the Middle East’s future role as the world’s powerhouse in aluminium production and facilitate discussions on uplifting the downstream sectors to support this phenomenal growth in upstream industries.

Held under the slogan ‘Forging Connections, Building Possibilities’, the exhibition will help the region’s aluminium industry reach a new level of extraordinary growth. It is the biggest specialized exhibition for the aluminium industry in the region that brings together manufacturers, producers, investors and service providers under one roof.

Daniyal Qureshi, Group Exhibition Director at Reed Exhibitions Middle East, said: "Europe’s major aluminium market is Germany with about 25 per cent of total aluminium consumption in Europe. Germany exports 40 per cent of aluminium production accounting for about 15 per cent share of the world’s total aluminium exports annually. Our exhibition will provide an excellent platform for German companies to network with regional players in various domains, including production, technology transfer and forge business relations for new growth opportunities."

German aluminium producers and processors recorded a positive performance last year and the primary aluminium production continues to expand.

Between January and June 2014, about 566,000 tonnes of raw aluminium was produced in Germany. About 492,400 tonnes of primary aluminum and about 597,400 tonnes of recycled aluminum were produced in Germany in 2013.

Aluminium smelters, semi producers and aluminium foundries have increased their output last year, contributing to a positive economic trend. The use of aluminium will continue to grow in Germany. The expansion of the electricity grid and the use of renewable sources of energy further lead to increased demand for aluminum in Germany up to 2020.

Detlef Maiwald, Managing Director, Innovatherm, a leader in the design, fabrication and supply of firing systems and fume treatment centres for anode baking furnaces, said: "The aluminium market in the Middle East has recorded above average performance and is today the second biggest growing market for aluminium production. As Dubai is the center of this market with an excellent infrastructure, it is the perfect place for an aluminium trade fair which makes the participation very interesting for Innovatherm."




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

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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 [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 25 March 2015 K. Al Awadi

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