New base 583 special 15 april 2015

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NewBase 15 April 2015 - Issue No. 583 Khaled Al Awadi

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

Yemen LNG Halts Production as Total pulls out News age + NewBase

Yemen LNG has stopped all production and exports amid deteriorating security situation in the region, news agency Bloomberg reported Tuesday. “Due to further degradation of the security

situation in the vicinity of Balhaf, Yemen LNG has decided to stop all LNG producing and exporting operations and start

evacuation of the site personnel,” the news agency quoted from a statement released by the company. “The plant will remain in a preservation mode.” Fighters seized posts outside the city of Balhaf in southeastern Yemen near the plant after soldiers fled, Bloomberg quoted Abu Bakr al-Awlaki, a local resident, as saying. The plant has a capacity of 6.7 million metric tons a year. The reserves within the Marib area which are currently dedicated to the LNG project include 9.15 trillion cubic feet (TCF) of proven reserves.

The project has three long-term sales contracts with GDF Suez SA, Korea Gas Corp. and Total SA. France’s Total, the last foreign oil company operating in Yemen, said on Tuesday that it had halted operations at its gas exporting plant because of the worsening security situation.

The liquefied natural gas plant at Balhaf, located on the coast 400 kilometres east of Aden, will go into “preservation mode” until the situation improves sufficiently to allow normal operations to resume, Total said.

On Tuesday, three weeks into an offensive by a Saudi Arabian-led coalition against Iran-backed Houthi rebels, Saudi Arabia moved additional tanks, artillery units and troops to its border with Yemen, according to newswire reports.




The coalition action has so far involved air strikes against the rebels, who have taken control of large parts of the country and forced the president Abdrabu Mansur Hadi to flee. The LNG plant

has a capacity to process nearly 7 million tonnes a year of gas sourced from the Marib area. The operator Total has a share of just under 40 per cent in the Yemen LNG Company. Total’s Dubai-based Middle East spokesman said: “We have been informed by Yemen LNG that, due to the further deterioration in the security situation around Balhaf, Yemen LNG has decided to further reduce its staff and put the plant into preservation mode. Consequently production has been stopped.”

The plant will, for the time being, be looked after only by local staff. The statement added: “Only essential staff required to maintain the assets at Balhaf in this mode are remaining on site. No expatriate personnel remain on site.”

Other shareholders include Hunt Oil, with about 17 per cent, four Korean companies – Samwhan, Korea National Oil, Kogas and Hyundai – collectively own just over 20 per cent, with Yemen Gas and a Yemeni civil service pension fund holding about 17 per cent and 5 per cent, respectively.

Yemen recently began producing natural gas at a rate of about 300 billion cubic feet a year, with 90 per cent of that exported via the Balhaf LNG terminal. Yemeni LNG gas exports account for less than 3 per cent of the global seaborne gas trade and the disruption comes at a time of LNG glut, so is unlikely to have any price effect on the market.

Although oil exports have declined by nearly two-thirds since the turn of the century, oil and gas exports remain important to the country, making up almost 90 per cent of export revenues and two-thirds of government revenues.

Other foreign companies that had been operating in Yemen before recent evacuations include DNO, which is 42.8 per cent owned by RAK Petroleum, OMV, part-owned by Ipic, as well as Occidental Petroleum, China’s Nexen and Korea National Oil.




India: Swiber Holdings secure EPIC contract in India

Singapore’s Swiber Holdings Limited has secured a US$133 million contract, the third major award in India in the last three months, for Engineering, Procurement, Installation and Construction (EPIC) services in India.

The project by the same national oil company which awarded Swiber two major contracts in February and March, involves surveys (pre-engineering, pre-construction/pre-installation and post-installation) design, engineering, procurement, fabrication, installation, and commissioning of six pipelines totaling to 60km, connecting it to existing pipelines, modification and repair of platforms and jackets. This fast track project is scheduled for completion by second quarter of 2016.

With the latest contract, the Group’s order book stands at close to US$2 billion including US$435.6 million new contracts announced last month, a US$710 million offshore field development project in West Africa last December and a US$310 million contract from the same client in February.

Group Chief Executive Officer and President Francis Wong said: “To have the same client come back to us repeatedly demonstrates Swiber’s understanding of our client and the market, and our ability to bring the Group’s resources to bear to meet our client’s needs.

“We are optimistic about prospects in our target markets despite the fall in oil price and the cutbacks in capital expenditure by some of the oil majors. We believe that our strategy of establishing long-term relationships with clients and suppliers has put us in good stead for a time like this.”




Thailand: KrisEnergy Strikes Oil, Gas in Gulf of Thailand KrisEnergy + NewBase

KrisEnergy has struck oil and gas at the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand. Rossukon-3 was drilled to a total depth of 7,497 feet (2,285 metres).

Preliminary interpretation of well logs indicates that the well intersected approx. 75 feet true vertical depth (TVD) of net oil-bearing sandstones and 49 feet TVD of net gas-bearing sandstones over several reservoir intervals, KrisEnergy said. Water depth at the Rossukon-3 location is 208 feet. The well lies 1.9 km west of the Rossukon-2 surface location and 1.8 km northwest of the original Rossukon-1 discovery well, drilled in 2009. Rossukon-3 will be plugged back and the G6/48 partners have agreed to immediately begin drilling the Rossukon-3ST sidetrack exploration well. 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. KrisEnergy took over operatorship of G6/48 in May 2014. The company holds a 30 percent working interest in the concession and is partnered by Northern Gulf Petroleum with 40 percent and Mubadala Petroleum with 30 percent.




Malaysia: Lundin First oil flows from Bertam field

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has achieved first oil from the Bertam field on April 5, 2015.

The Bertam field has begun production from four pre-drilled development wells. The remaining production wells will be drilled sequentially and put on-stream through the remainder of 2015, with the field’s gross plateau rate of 15,000 barrels of oil per day expected to be achieved by late 2015.

The Bertam field is located on Block PM307, offshore the eastern side of Peninsular Malaysia. Lundin Malaysia is the operator with a 75 percent working interest and PETRONAS Carigali is partner with a 25 percent working interest.

The Bertam field has been developed with a wellhead platform adjacent to a spread-moored FPSO in a water depth of 75 metres. The Plan of Development for the Bertam field was approved by PETRONAS in September 2013, with first oil having been achieved within 18 months from approval of the Plan of Development.

This is Lundin Petroleum’s third project to be put into production over the last four months and with the Edvard Grieg field coming on-stream during the fourth quarter 2015, the Company remains on track to achieve a 2015 exit production rate of in excess of 75,000 barrels of oil equivalent per day, the company said in a statement.

Ashley Heppenstall, President and CEO of Lundin Petroleum said: “Bertam is our first development project in Malaysia and as such we are very pleased to have achieved first oil safely, on schedule and within budget. The Bertam project is an excellent example of how fast-track projects can be developed through close collaboration between ourselves, PETRONAS Carigali, PETRONAS and our contractors”




Oil Price Drop Special Coverage

Oil Rises for 5th Day as Iran Joins Call for OPEC Production Cut

& over US production dip

Oil prices rose today Wednesday April 2015 15th after signs of a dip in US production, but gains were capped by Chinese quarterly growth slowing to a six-year low. Front-month Brent crude futures were trading up 47 cents at $58.90 a barrel by 0310 GMT, while US crude was up 28 cents at $53.57.

In the United States, North Dakota's February oil production fell 15,000 barrels per day (bpd) versus January, although the number of producing wells hit a record high. This followed a US Energy Information Administration (EIA) report forecasting US shale production would fall by 45,000 bpd to 4.98 million bpd in May, which would be the first monthly decline in four years. Analysts said the US figures were pushing prices up. "We expect Brent Jun'15 and WTI Jun'15 to end today breaking resistance of $60.3 and $55.34 (per barrel)," Phillip Futures said. But the slowing Chinese economy prevented prices from rising further. On a quarterly basis, China's economic growth slowed to 1.3 per cent between January and March after seasonal adjustments, the National Bureau of Statistics said on Wednesday, compared with growth of 1.5 per cent in the previous three months. March factory output rose 5.6 per cent from a year earlier, below the 6.9 per cent seen in a Reuter’s poll and its lowest level since the global financial crisis in 2008. Despite its slowing growth, China's implied oil demand in March rose 7.6 per cent from a year earlier to 10.53 million barrels per day (bpd), according to Reuters' calculations based on government data.




Oil advanced for a fifth day as Iran joined Libya in calling for the Organization of Petroleum Exporting Countries to reduce production.

Futures climbed as much as 0.9 percent in New York in the longest rising streak in three weeks. OPEC should cut “at least 5 percent” of its output quota, Iranian Oil Minister Bijan Namdar Zanganeh said Tuesday. U.S. President Barack Obama agreed to accept compromise legislation after it became clear that Democratic lawmakers would join with Republicans in demanding a say on the nuclear deal with the government in Tehran.

Oil is gaining amid speculation that OPEC members are splitting with Saudi Arabia in maintaining supply as a global glut that drove prices down by almost half in 2014 shows no signs of easing. U.S. crude inventories are forecast to have expanded further from a record last week, according to a Bloomberg survey before a government report Wednesday.

“It’s really which direction the Saudis want the organization to go that will be the key,” David Lennox, a resource analyst at Fat Prophets in Sydney, said by phone. “We need to see a good cut

to production for prices to surge and the only entity that has the ability to do that in one hit is OPEC.”

West Texas Intermediate for May delivery increased as much as 47 cents to $53.76 a barrel in electronic trading on the New York Mercantile Exchange and was at $53.62 at 2:15 p.m. Singapore time. The contract advanced $1.38 to $53.29 on Tuesday, the highest close in a week. Total volume was

about 39 percent below the 100-day average. Prices are up 0.7 percent this year.

Oil Drillers

Brent for May settlement, which expires Wednesday, climbed as much as 57 cents, or 1 percent, to $59 a barrel on the London-based ICE Futures Europe exchange. It rose 50 cents to $58.43 on Tuesday. The more active June contract was 46 cents higher at $60.27.

Prices are also rising after the U.S. Energy Information Administration predicted output from shale formations such as North Dakota’s Bakken will fall 57,000 barrels a day in May, the first time a decline has been forecast since it began reporting monthly data in 2013.

“The question on everyone’s mind was would we see it in the second or third quarter, and I’m not surprised it’s happening in the earlier part of that range,” said David Pitts, the chief financial officer at Carrizo Oil & Gas Inc., a Houston-based producer.




Rig operators Ensco Plc and Diamond Offshore Drilling Inc. led oilfield stocks to the top five spots in the Standard & Poor’s 500 Index on Tuesday amid speculation that the expected drop in production hints at an eventual price rally.

OPEC Output

Zanganeh’s comments at a briefing in Tehran, reported by the ministry’s news agency Shana, indicated that Iran is seeking a minimum output cut of 1.5 million barrels a day. Samir Kamal, Libya’s representative to OPEC, on April 9 said OPEC should reduce by 800,000 barrels a day to accommodate a potential rebound in Iranian exports.

Saudi Arabia, the world’s biggest crude exporter, in November led a group decision to maintain collective quotas at 30 million a day, ignoring calls to cut supply even as U.S. production surged to a record. OPEC’s 12 members, which pump about 40 percent of the world’s oil, are scheduled to meet June 5 in Vienna.

The Obama administration Tuesday signaled it would give lawmakers a chance to review a nuclear agreement with Iran before deciding whether to lift sanctions. A framework

accord announced April 2 with world powers could offer the Persian Gulf nation relief from penalties that have cut its oil exports by half since mid-2012.

U.S. Stockpiles

Crude stockpiles probably expanded by 3.6 million barrels in the week ended April 10, according to the median estimate in the Bloomberg survey of 10 analysts before the EIA report. Supplies have increased for 13 weeks to 482.4 million, the highest level in records compiled by the Energy Department’s statistical arm since August 1982.

Inventories gained by 2.6 million barrels, the industry-funded American Petroleum Institute in Washington reported Tuesday, according to a person familiar with the data. The U.S. is the world’s largest oil consumer and will account for about a fifth of global demand this year, according to projections from the Paris-based International Energy Agency.




Oil price could recover to $70 per barrel by year end - Fitch Reuters + NewBase

Crude oil prices could rise quickly in the second half of the year and may reach $70 per barrel by the end of 2015 as U.S. shale production tapers and seasonal variations increase demand, a top analyst at ratings agency Fitch said on Tuesday. Alex Griffiths, the head of oil and gas research at Fitch, said it might take several years for oil

to reach $80 -- the price level where supply and demand is seen as balanced based on current production costs. "We see U.S. shale oil as reacting most quickly to balancing the supply with demand," Griffiths told Reuters on the sidelines of a conference in Oslo. "You essentially need shale to slow down, not drop, because demand for oil, like all commodities, is growing. Production got slightly ahead of where it needs to be, so it's not a huge correction you need." Brent crude was trading at some $58 a barrel on Tuesday, off lows registered earlier in the year, but still down by around a half from last June, making many new oil developments unprofitable and forcing producers, particularly in the U.S. shale market, to slash

capital spending. "Whichever way the price goes, there will certainly be multiple bounces and overshoots in both directions," Griffiths said. "We think fundamentals justify $80, because that's the marginal cost, but markets can move away from the marginal costs for a period. "We're talking about relatively rapid recovery later this year as shale production flattens out. There's also a traditional seasonal demand pick up of about 1.5 million barrels per day from Q2 to Q3," Griffiths said. The U.S. Energy Information Administration said on Monday that it expected U.S. shale production to fall by 45,000 barrels per day (bpd) to 4.98 million bpd in May -- the first such monthly decline in more than four years. Oil prices have fallen sharply as both OPEC and U.S. production has exceeded forecasts while consumption has failed to meet projections, particularly due to slower Chinese growth.




US shale oil rolling ball, turns to output fall BLOOMBERG + NEWBASE

The shale oil boom that pushed US crude production to the highest level in four decades is grinding to a halt.

Output from the prolific tight-rock formations such as North Dakota’s Bakken shale will decline 57,000 barrels a day in May, the Energy Information Administration said Monday. It’s the first time the agency has forecast a drop in output since it began issuing a monthly drilling productivity report in 2013.

Deutsche Bank AG, Goldman Sachs Group Inc. and IHS Inc. have projected that US oil production growth will end, at least temporarily, with futures near a six-year low. The plunge in prices has already forced half the country’s drilling rigs offline and wiped out thousands of jobs. The retreat in America’s oil boom is necessary to correct a supply glut and rebalance global oil markets, according to Goldman.

“We’re going off an inevitable cliff” because of the shrinking rig counts, Carl Larry, head of oil and gas for Frost &

Sullivan LP, said by phone from Houston on Monday. “The question is how fast the decline is going to go. If it’s fast, if it’s steep, there could be a big jump in the market.”

West Texas Intermediate crude for May delivery climbed 27 cents Monday to settle at $51.91 a barrel on the New York Mercantile Exchange. Prices are down 50 per cent from a year ago.

The decline in domestic production will come just as US refineries start processing more oil following seasonal maintenance, easing the biggest glut since 1930. The withdrawal from US oil stockpiles is expected to bring relief to a market that’s seen prices drop by more than $50 a barrel since June.

Temporary Relief

The relief may prove temporary as US drillers are building a backlog of drilled wells that they plan to hydraulically fracture and place into service as soon as prices rebound. Analysts including Wood Mackenzie Ltd. have estimated that the inventory has grown to more than 3,000 uncompleted wells.

“US production can return quickly with any price recovery,” Adam Longson, an analyst at Morgan Stanley in New York, said in an April 13 research note. “A backlog of uncompleted wells, falling




service costs, hedging opportunities and plenty of capital on the sidelines should all support investment, perhaps more than the market expects.”

The EIA’s May production forecasts cover the yield from major plays that together accounted for 90 per cent of domestic output growth from 2011 to 2012.

Regional Output

Output from the Eagle Ford in Texas, the second-largest oilfield in the US, is expected to fall 33,000 barrels a day in May to 1.69 million. Production in the Bakken region of North Dakota will decline 23,000 to 1.3 million, the EIA said.

Yield from the Permian Basin in West Texas and New Mexico, the largest US oilfield, will continue to rise, by 11,000 barrels a day to 1.99 million.

The EIA’s oil-production estimates are based on the number of rigs drilling in each play and estimates on how productive they are. The numbers of oil rigs in service across the country slid 42 last week to 760, the fewest since December 2010, Houston-based field Services Company Baker Hughes Inc. said.

Deutsche Bank forecast in a research note last week that production in May will mark “an important inflection point for the US oil market.”

Advances in oil-drilling technologies are no longer enough to offset the rigs being idled by US producers, Paul Horsnell, global head of commodities research at Standard Chartered Plc in London, said in an April 13 research note. Shale production is probably already falling, with total US output set to shrink by 70,000 barrels a day from May to June, he said.

“The deceleration in US output has been greater than the market is currently pricing in,” Horsnell said in the report. “Global rebalancing is in full swing.”

Shale drillers will see production drop sooner than expected under a U.S. government forecast, a momentum change that hints at an eventual price rally.

Just five months after Saudi Arabia put the market into a tailspin by refusing to cut supply despite a global glut, the shale oil industry will record its first monthly dip since U.S. officials began weighing output in 2013.

The projected production drop is small, just 1 percent. Yet investors took note, pushing oilfield stocks to the top five spots in the Standard & Poor’s 500 Index on Tuesday, led by rig operators Ensco Plc and Diamond Offshore Drilling Inc. The decline lags the idling of rigs because of a backlog of already-drilled wells that have gradually been coming online.

“OPEC’s plan is playing out and price is correcting the oversupply,” said Michael Scialla, an analyst at Stifel Nicolaus & Co. in Denver, in a telephone interview.

West Texas Intermediate crude, the U.S. benchmark, climbed 3 percent to $53.47 a barrel at 2:03 p.m. in New York, extending the rising streak to a fourth trading session.

Shale fields make up about half of total U.S. production, which will continue growing this year and next, rising to 10.3 million barrels a day in 2025, according to a new longterm forecast by the Energy Department Tuesday.




Crude lost almost 60 percent of its value since late June, making some shale fields unprofitable to develop and forcing companies to cut back exploration prospects. Oil explorers were forced to shut down more than half the rigs drilling for crude in the U.S. since the Saudi statement in November, and canceled expansion plans to conserve cash.

‘Hyperbolic Decline’

“The question on everyone’s mind was would we see it in the second or third quarter, and I’m not surprised it’s happening in the earlier part of that range,” said David Pitts, chief financial officer at Houston-based producer Carrizo Oil & Gas Inc.

Wells extracting oil from dense shale rock experience “hyperbolic decline rates,” Pitts said by telephone.

Comstock Resources Inc. halted all crude drilling at the start of the year and expects the oil production decline to begin in its third-and fourth-quarter results, said Gary Guyton, the Frisco, Texas-based company’s director of planning.

“Shale is a treadmill, so if you’re not drilling, you’re not producing,” Guyton said in a telephone interview. Overall, the production decline “might not be hugely significant but at least it won’t be growing.”

The flexibility to ramp operations up and down quickly makes shale fields especially attractive to oil companies coping with volatile fluctuations in world oil markets, said ConocoPhillips CEO Ryan Lance last week in an interview at Bloomberg headquarters in New York.

Resilience Matters

“We think we’re going into a world that’s going to be characterized by lower, gradually rising prices, but a lot of volatility,” Lance said. “When you have that volatility, what you want is the ability to be flexible and resilient and be able to flex your programs up and down.”

Shale producers such as EOG Resources Inc. have been predicting U.S. output would decline by the end of the year. In February, the Houston-based company said its own production would reach a nadir during the second and third quarters.

Lance said he expected U.S. output to fall in the second half of the year, helping prices to recover to as high as $80 a barrel in the next three years.

“There is a supply response happening. You don’t see it in the first half of the year because of the investments that we made over the last two years,” he said. “The reductions in capital that the industry has made are substantial. That’s going to start to materialize in the back half of this year.”

OPEC Role

Saudi Arabia, the dominant member of the Organization of Petroleum Exporting Countries, squelched efforts by some in the cartel to curb output in November, accelerating a fall in oil prices prompted by oversupplies. Saudi crude has been displaced from some U.S. markets as the flood of domestic shale oil offered refiners a cheaper alternative.




The five major U.S. shale oil regions will pump an average of 5.561 million barrels a day in May, down from this month’s estimated 5.618 million, the Energy Department said in a report released Monday.

The Niobrara formation northeast of Denver will lead the decline with a 3.3 percent drop, according to the Energy Department in Washington.

In the Niobrara formation, which lies beneath northeast Colorado and the edges of Kansas and Wyoming, the production fall-off will be sharper than in other regions because explorers were quicker to idle rigs, said Andrew Cosgrove, an analyst at Bloomberg Intelligence. Compared to other shale-oil areas, individual wells in the Niobrara don’t produce as much crude, reducing profitability, he said.

Hedge Help

The two biggest operators in the Niobrara -- Anadarko Petroleum Corp. and Noble Energy Inc. -- have been slowing activity and deferring work, according to Scialla, the Stifel Nicolaus analyst.

Only one of the primary producers in the formation -- Denver-based PDC Energy Inc. -- hasn’t slowed down, and that’s because they locked in cash flow prior to the oil market’s crash with financial instruments called hedges, Scialla said in a telephone interview.

“The Niobrara wells are cheaper and shallower than in the other shale plays but they’re not as prolific either,” he said. “They cost about half as much as a typical well in the Eagle Ford or the Bakken but they also only produce about half as much.”

Permian Rising

After the Niobrara, the Eagle Ford shale in Texas and the Bakken formation in North Dakota will register the next biggest month-over-month production declines in May, with 1.9 percent and 1.7 percent, respectively.

In the other two major U.S. shale oil regions -- the Permian in Texas and the Utica in Ohio -- output is expected to rise in May, the Energy Department said.

Explorers will be cautious about resuming their old pace of drilling out of fear that rising production would deflate prices again, Carrizo’s Pitts said.

“There would have to be a pretty significant bump up in prices for people to start picking up rigs again,” Pitts said.




Oil & Gas Security Summit to address issues in Dubai 18-19 May

Senior security officers from the oil and gas sector will gather in order to address various security issues faced by the industry at a summit next month in Dubai, UAE. The 4th Gulf and Middle East Oil & Gas Security 2015 Summit organised by the International Research Networks, a leading business intelligence group, will take place on May 18 and 19, at the Raffles Hotel.

Risk, security and HSE leaders from Qatar Petroleum, Premier Oil, Kuwait Oil Company, Petrofac-Saudi Aramco, ADCO, Total, Lukoil, GE Levant-Turkey, Baker Hughes, DNO, Schneider Electric, Maersk Oil, the Ministry of Defense of Pakistan and Petroleb amongst others will share vital information based on their vast experience in the field with industry peers at this discreet forum, said a statement. Following Operation Decisive Storm which commenced in Yemen on March 25, a new case study has been added to the two-day agenda, on how to maintain business activities under the shadow of the military intervention presented by Petrofac-Saudi Aramco’s country security manager. He will address the challenges in getting an accurate picture of the situation, managing priorities of stakeholders, clients and contractors, sharing security information without the causing panic and establishment of trigger points to increase security measures. With the Islamic State activities in the region taking a toll on local operations, two very topical sessions will cover case studies on how ABB managed to have uninterrupted operations in Iraq during the current insurgency and best methods for oil pipelines protection presented by ABB’s regional security manager and ADCO’s Fire/Tactical Response team leader respectively. The IT security provider for companies in the Middle East, Global Security Network (GSN); the worldwide provider of critical communications solutions,




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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 15 April 2015 K. Al Awadi

New base 583 special 15 april 2015

Economy & Finance

Transcript of New base 583 special 15 april 2015