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NewBase Energy News 16 August 2021 - Issue No. 1449 Senior Editor Eng. Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Saudi Aramco Is in Talks on Up to $25 Billion Reliance Deal
Bloomberg + NewBase
Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries
Ltd.’s oil refining and chemicals business, people with knowledge of the matter said. The Saudi
Arabian firm is discussing the purchase of a roughly 20% stake in the Reliance unit for about $20
billion to $25 billion-worth of Aramco shares, the people said, asking not to be identified because
the information is private.
Reliance, which is backed by Indian billionaire Mukesh Ambani, could reach an agreement with
Aramco as soon as the coming weeks, the people said. Shares in Reliance extended gains to as
much as 2.6% in Mumbai after the Bloomberg News report.
A deal would forge closer ties between the world’s biggest oil exporter and one of the fastest-
growing energy consumers.
It would seal more than two years of negotiations and mark Aramco’s first all-stock deal since its
initial public offering in 2019. Ambani confirmed talks about a deal with an implied stake valuation
of $15 billion that same year. Discussions were delayed by the onset of the coronavirus pandemic
and slump in oil prices.
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Energy markets have since recovered, with crude prices jumping around 35% this year to almost
$70 a barrel. Aramco said last week due diligence on a deal with Reliance was underway.
A transaction would boost Aramco’s sales of crude to India. For Reliance, it would help to lock in a
steady supply of oil for its giant refineries and make the Indian company a shareholder in Aramco.
Based on Aramco’s market valuation of about $1.9 trillion, a transaction would give Reliance a stake
of around 1%.
Details of the potential transaction are still being negotiated, and talks could drag on longer or fall
apart, the people said. A representative for Aramco declined to comment. The Saudi government’s
Center for International Communication didn’t immediat ely respond to an email requesting
comment.
Saudi Goals
A representative for Reliance said the company does not have anything to add beyond Ambani’s
comments at the shareholders’ meeting in June, when the conglomerate appointed Aramco
Chairman Yasir Al-Rumayyan to the board. Ambani had said Reliance could finalize an investment
deal with the oil producer this year.
The Saudi government sold 2% of Aramco in the IPO, raising almost $30 billion. It’s still the largest
first-time share sale on record.
Crown Prince Mohammed bin Salman, the de facto ruler, said in April that the kingdom was in talks
to sell a 1% stake in Aramco to a “leading global energy company.” He didn’t disclose which one.
“This deal could be very important in strengthening Aramco’s sales in the country where this
company resides,” the prince had said. Saudi Arabia shipped 613,000 barrels a day of crude to
India in July, around 10% of its total exports.
The transaction would help Aramco reach its goal of more than doubling refining capacity to between
8 million and 10 million barrels of crude a day. The Saudi firm had 3.6 million barrels a day of
capacity at the end of last year, including stakes in joint ventures.
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India: ACME’s $2.7B India solar push seeks to draw foreign cash
ACME + NewBase
ACME currently has 2.9 gigawatts of operating capacity with a further 2 gigawatts already funded
and nearing completion, he said.ACME currently has 2.9 gigawatts of operating capacity with a
further 2 gigawatts already funded and nearing completion, he said
India’s ACME Solar Holdings Pvt. is seeking partners to help fund a plan to more than triple its solar
generation capacity.
The company, which in 2018 aborted a public listing because of stock market turbulence and
uncertainty over the nation’s energy policy, plans to expand its solar capacity to 10 gigawatts over
the next five years at a cost of 200 billion rupees ($2.7 billion), the company’s founder and
chairman Manoj K. Upadhyay said in an interview.
“It’s a capital intensive business, so we will try to have as many partners as we can,” Upadhyay
said. “This will help us unlock capital for our new projects and prove what we’re building has value.”
The firm is counting on India’s growing appeal as a renewable power market, with the world’s third-
biggest emitter seeking to roll out a record amount of solar and wind over the next decade and move
away from fossil fuels.
It is seeking to raise about a quarter of the total investment by tapping global investors from private
equity firms to pension funds and oil giants that are pouring billions of dollars into the nation’s
renewable companies.
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Iran’s crude oil production fell to an almost 40-year low in 2020
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) June 2021
In 2020, Iran produced less than 2 million barrels per day (b/d) of crude oil, an almost 40-year low
in Iran’s production levels according to our analysis, which we updated in July.
Several factors contributed to Iran’s low crude oil production in 2020, including the global economic
decline that resulted from the COVID-19 pandemic and international sanctions on Iran’s crude oil
that limited its crude oil exports.
Iran holds abundant crude oil and natural gas reserves. At the end of 2020, Iran’s reserves
accounted for 25% of oil reserves in the Middle East and 12% of global oil reserves. Although Iran
is a member of OPEC, it is exempt from the production cuts under the OPEC+ agreement because
its crude oil production remains limited by U.S.-imposed sanctions.
Iran's crude oil exports and production have declined since the United States announced in May
2018 that it would withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate
sanctions on Iran’s oil exports.
Crude oil production held steady at around 2.6 million b/d during the first few months of 2019, when
the United States government granted sanction waivers for some of Iran’s key oil-importing
countries. However, after these waivers expired in May 2019, output fell to about 2.1 million b/d.
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We estimate that exports of Iran’s crude oil and condensate fell from more than 2.5 million b/d in
2017, the year before the United States re-imposed sanctions, to an average of less than 0.4 million
b/d in 2020.
Of the crude oil and condensate that Iran exported in 2020, more than half went to China. According
to analysis from ClipperData, much of the oil that was shipped from Iran to China was relabeled as
coming from countries such as Malaysia, Singapore, the United Arab Emirates, Iraq, and Oman.
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Russia’s Wild East, An Electric Car Proves Cheaper Than a Lada
Businesshala + NewBase
When Dmitry Unagaev bought his first electric car five years ago, the purchase bewildered friends
and neighbors in his hometown of Khabarovsk. But a lot has changed since then. Today, the city in
Russia’s Far East is full of battery-powered autos.
“These cars are at almost every turn,” said Unagaev, 31, who owns an auto service shop. Vehicles
are parked in streets and courtyards across the city. Unagaev said people also hang electrical
sockets from their balconies to charge vehicles.
According to data from Moscow-based analytical agency Autostat, a fifth of all electric vehicles
imported into Russia between January and May were sold in Khabarovsk and other regions of
eastern Russia – even though the region accounts for just 4% of the country’s population. claims
that. . The nation’s capital, which is home to at least twice as many people, accounts for just 14%
of EV sales.
Russia’s so-called Far East is not particularly prosperous, nor is it a bastion of environmental
awareness. Its embrace of electric cars stems from the unique economics of a region that is isolated
from the west of the country by its vast distance. Still, the sector offers a smattering of trends – more
expensive oil, cheaper electricity, and falling EV ownership costs – that could someday drive the
widespread adoption of electric models across the country and beyond.
With Asia literally next door, locals have easy access to cut prices on electric cars imported from
Japan. Unagaev’s first battery-powered vehicle was the Nissan Leaf. According to ads on a popular
car website in Russia, 2011 to 2013 models typically cost between 400,000–600,000 rubles
($5,500–8,200). Unagaev eventually upgraded from the Leaf to a second-hand Tesla.
Russia’s Far East also has low-cost electricity, which is subsidized to stimulate economic growth in
the region. At the same time, due to insufficient local refinery capacity, fuel prices are usually higher
than the Russian average – a premium of 6% as of the end of July, according to the Federal
Statistics Service.
Combined market forces are achieving something in this corner of Russia that government policies
and technological advances are expected to bring to the rest of the world – making battery-powered
cars more affordable than their gas-powered counterparts.
“The main driver is the same all over the world,” said Eugene Tyrtov, senior consultant at Moscow-
based Vygon Consulting. “Consumers largely begin to vote for electric cars with their ruble, euro
and dollar as soon as they become more affordable than conventional cars.”
The math is simple, said Olga Ivanova, 41, who heads a construction firm in Irkutsk in eastern
Siberia. She pays about 500 rubles monthly ($7) for electricity to charge her used EV. Gasoline
costs about 10,000 rubles per month for the second car of her family.
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“We calculated, with my husband, that we could save 200,000 rubles a year,” Ivanova said, on other
costs of owning a gasoline car. “I can’t say that I need money, but when you consider that you can
have the same comfort, the same happiness and save 200,000 rubles, it is quite pleasant.”
According to Wygon Consulting, the average savings of the Nissan Leaf in the Far East of Russia
is about 40,000-50,000 rubles a year, compared with the cost of driving a domestically produced
Lada Granta, which is popularly called a “people’s car”. This is close to a typical monthly regional
salary.
“We also have a gasoline car, but don’t overuse it because we don’t need to drive big distances,”
said Alexey Zhukov, 28, a marketing specialist in Khabarovsk. He followed in the footsteps of some
relatives and bought a used Nissan Leaf earlier this year.
This microcosm in the Russian Far East is different from the reality of the rest of the country.
According to Viagen, electric vehicles account for less than 0.2% of the country’s total passenger-
car fleet.
Not surprisingly, the high purchase price of a new EV remains a major deterrent for potential buyers.
This should shift as the cost of EVs — driven by declining battery prices — drops. According to data
from BloombergNEF, the volume-weighted average price for lithium-ion battery packs was $137 per
kilowatt-hour in 2020, down from $1,191/kWh in 2010.
Sales volume in the Russian electric vehicles (EV) market from 2017 to 2018
with a forecast until 2025*, by growth scenario(in 1,000 cars)
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According to BNEF senior analyst Alexandra O’Donovan, prices will continue to fall, below
$100/kWh by 2024, a key benchmark for parity with combustion engines, and reaching around
$58/kWh in 2030.
O’Donovan said, “We see EVs costing as much as conventional cars or even less by the end of
2020.”
External factors such as the cost of electricity compared to gasoline will depend on government
policies, subsidies or carbon markets, which vary greatly in scope and ambition from country to
country. Nevertheless, the proliferation of electric cars, even in small areas such as Khabarovsk,
exemplifies the costs and benefits of technology that go beyond carbon emissions.
“The dynamics of the electric car, the way it accelerates,” Ivanova said, “is a bonus on top of the
money saved.” “It’s an incomparable feeling.”
Stacy Noblet, a senior director of transportation electrification at ICF, a consultancy in Washington,
DC, said the appeal to consumers will only grow. “EV drivers are sharing their stories and telling
their neighbors,” she said.
Word-of-mouth buzz is gaining momentum throughout Russia. On online forums, electric-car
enthusiasts are spreading the word, doing their best to convince their fellow citizens about the
benefits of “passing through gas stations with a smile.”
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Canada / U.S : New Oil Sands Pipeline to flow Start Next Month
Bloomberg - Robert Tuttle
A key pipeline linking Canada’s oil sands to U.S. markets could start shipping crude as early as next
month. Enbridge Inc.’s Line 3 oil pipeline from Alberta to Wisconsin could start operating as soon
as Sept. 15, bringing relief to Canadian oil sands producers who have had limited access to export
pipelines.
The new 760,0000 barrel-a-day conduit that replaces an older one with less capacity is as little as
30 to 60 days from completion, according to a notice sent to shippers.
Canada’s oil sands producers have struggled for years with a shortage of export pipelines as
projects to build new ones face increasing scrutiny from courts and regulators. U.S. President Joe
Biden, on his first day in office, rescinded a permit for TC Energy Corp.’s Keystone XL project that
would have helped increase shipments of Canadian crude to the U.S. Gulf Coast.
“Enbridge has filed for toll surcharges on the Line 3 replacement with the Canada Energy Regulator
and Federal Energy Regulatory Commission, which could be effective as early as Sept. 15,” a
spokesperson said in an emailed statement. “There will be a further filing to specify the specific in-
service date shortly before the line goes into service once all necessary construction and
commissioning activities are complete.”
Heavy Western Canadian Select crude for September delivery was unchanged at a $13 a barrel
discount to benchmark West Texas Intermediate at 2:48 p.m. Calgary time, after the spread earlier
shrank to as narrow as $12.60 a barrel, NE2 Group data show.
The pipeline would be the first new cross-border export project built between Canada and the U.S.
in years. The line is scheduled to enter service with oil sands production exceeding the capacity of
existing lines out of Western Canada, forcing some companies to ship crude by rail.
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The Line 3 project has been fiercely opposed by some environmental and indigenous groups, who
have staged protests this summer along the construction route. Enbridge spent years in court fights
and regulatory battles to get the line built. The Trans Mountain expansion, another export pipeline
under construction is British Columbia, is scheduled to enter service as early as 2022.
Enbridge shares were little changed in Toronto on Friday, at C$49.06.
Enbridge disclosed the target in a request for CER approval to collect a shipping toll surcharge that
would cover costs of the $9 billion project when completion of its hotly contested Minnesota leg
enables deliveries.
“Construction of the Line 3 replacement program…could be completed within the next 30 to 60 days,
which will allow the Line 3 replacement pipeline to commence service as early as Sept. 15,”
according to the filing.
Regulatory approvals have been granted for the amount of the 90 cents/bbl toll surcharge to use
the conduit’s full 1,031-mile length to the Chicago region from central Alberta.
The new Line 3 is forecast to give Canadian exporters, which are led by the country’s top natural
gas user, Alberta thermal oilsands production, an added
370,000 b/d of capacity. The project replaces 53-year-old
pipe and enables an operating pressure gain.
The toll surcharge is liable to change after the CER renders
a verdict on a contested Enbridge proposal to convert its oil
network into a long-term contract service after 70 years of
selling delivery service as monthly capacity bookings open to
all comers.
The Line 3 replacement program is complete in Canada,
North Dakota and Wisconsin. Work began last fall on the 340-
mile final leg across Minnesota for $2.6 billion after a six-year
regulatory ordeal ended in approvals by the Minnesota Public
Utilities Commission, Minnesota Pollution Control Agency
and U.S. Army Corps of Engineers.
However, disputes continue. Pipeline foes organized as the Water Protectors protest brand have
defied court injunctions, with some chaining themselves to project hardware and damaging
construction contractor equipment.
Although Line 3 opponents have lost all their lawsuits to date in state and federal courts, formal
resistance in legal arenas is also still underway.
The Red Lake Band of Chippewa Indians, White Earth Band of Ojibwe, Honor the Earth and Sierra
Club have petitioned the Minnesota Supreme Court to overturn verdicts that upheld the Line 3
approvals. A decision is awaited on whether the case will be heard.
In a novel legal arena, a Minnesota White Earth Nation lawyer has filed a lawsuit against Line 3 in
a tribal court on behalf of wild rice, as a “rights of nature case.” Indigenous pipeline foes admit a
tribal tribunal has no power to overturn project regulatory approvals but say a verdict in their favor
may influence mainstream U.S. courts.
Calgary-based Enbridge said “Line 3 construction permits include conditions that specifically protect
wild rice waters. As a matter of fact, Enbridge pipelines have coexisted with Minnesota’s most
sacred and productive wild rice stands for over seven decades.”
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NewBase August 16-2021 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil Extends Retreat as Delta Takes Toll on China and faltering demand
Reuters + Bloomberg + NewBase
Oil sank for a third consecutive day as Chinese economic data disappointed and the spread of the
delta coronavirus variant hurt prospects for global demand. Oil prices fell by about 1.5% on Monday,
dropping for a third session, after official data showed that refining throughput and economic activity
slowed in China in an indication that COVID-19 outbreaks are crimping the world's second-largest
economy.
Brent crude was down $1.09 , or 1.54%, at $69.50 a barrel by 11.25 AM BST , U.S. oil fell by $1.11,
or 0.9%, to $67.33. Both contracts dropped by more than $1.10 earlier in the session.
West Texas Intermediate slumped as much as 2.4% as fresh outbreaks in Asia have started
weighing on China’s economy, with retail sales growth and industrial output slowing. cases are also
Oil price special
coverage
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at or near records in nations including Thailand, Vietnam and the Philippines. Stock markets were
also weaker, adding to the pressure on oil.
After rallying in the first half, crude prices have stuttered since mid-July. The spread of delta,
including in key consumer China, has undermined the outlook for consumption as restrictions on
mobility are reintroduced. At the same time, OPEC+ has proceeded with plans to gradually increase
production, rolling back the supply curbs it imposed in the early days of the pandemic.
“Crude oil and other growth dependent commodities such as industrial metals continue to struggle
amid a deteriorating short-term outlook,” said Ole Hansen, head of commodities research at Saxo
Bank A/S. “The market is increasingly focusing on the world’s two biggest consumers with sentiment
in the U.S. taking a knock, while data out of China continues to flash red alert.”
China has been dealing with its most widespread Covid-19 outbreak since the initial cases in 2020,
with fresh lockdowns imposed. Data on Monday showed the nation’s economic activity slowed more
than expected last month, with retail sales and industrial output missing forecasts, while
unemployment rose.
Chinese factory output and retail sales growth slowed sharply in July, data showed, missing
expectations as flooding and fresh outbreaks of COVID-19 disrupted business activity. read more
China's crude oil processing last month also fell to the lowest level on a daily basis since May 2020
as independent refiners cut production in the face of tighter quotas, elevated inventories and falling
profits. China is the world's biggest oil importer. read more
"(Concerns) about the spread of the Delta variant in China and the effects this will have on oil
demand are continuing to weigh on prices," Commerzbank said in a note.
Doubts about the speed of economic recovery were also heightened after U.S. consumer sentiment
dropped sharply in early August to its lowest in a decade, a University of Michigan survey showed
late last week. read more
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The International Energy Agency (IEA) last week said that rising demand for crude oil reversed
course in July and was expected to increase at a slower rate over the rest of 2021 because of
surging COVID-19 infections from the Delta variant. read more
Money managers reduced their net-long U.S. crude futures and options holdings in the week to Aug.
10, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
As the market has wobbled in recent weeks, money managers have turned less positive toward
U.S. crude futures. Speculators now hold their smallest outright long position in WTI since April
2020.
There are signs U.S. shale producers are ramping up activities. The total number of rigs searching
for oil across the country rose by 10 last week to 397, marking the biggest weekly jump since April,
according to Baker Hughes Inc. data on Friday. Most of the gains came outside the Permian Basin.
U.S. drillers add most oil rigs in a week since April -Baker Hughes
U.S. energy firms added the most oil rigs in a week since April as the total rig count more than
doubled from a record low a year ago amid a recovery in crude prices.
The combined oil and gas rig count, an early indicator of future output, was up for the second week
in a row, increasing nine to 500 in the week to Aug. 13, its highest since April 2020, energy services
firm Baker Hughes Co (BKR.N) said in its closely followed report on Friday. , ,
The total rig count was up 256 rigs, or 105%, from a record low of 244 this time last year, according
to Baker Hughes data going back to 1940.
U.S. oil rigs rose 10 to 397 this week, also their highest since April 2020, and up from 172 a year
ago, which was their lowest since 2005 before the shale boom boosted activity.
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Gas rigs fell one to 102, but was still up from a record low of 68 in July 2020, according to Baker
Hughes data going back to 1987.
Baker Hughes said most of the rigs drillers added this week were in the Eagle Ford in South Texas
(four), Williston in North Dakota and Montana (four) and Permian in West Texas and eastern New
Mexico (four).
Enverus, a provider of energy data with its own closely watched rig count, said the number of active
rigs increased by eight to 575 in the week to Aug. 11 with most of the increases in Appalachia and
the Permian.
U.S. crude futures were trading about $68 a barrel on Friday, putting the benchmark up slightly for
the week even though oil demand growth is slowing sharply due to the spread of coronavirus
variants.
Even though oil prices were over 41% higher so far this year, most energy firms remain focused on
returning capital to investors. Some are raising spending in 2021 after cutting drilling and completion
expenditures over the past two years although analysts think it will only replace natural declines in
well production.
U.S. crude oil production is expected to fall by 160,000 barrels per day (bpd) in 2021 to 11.12 million
bpd, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday, a smaller
decline than its previous forecast for a drop of 210,000 bpd.
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NewBase Special Coverage
The Energy world – August - 16- -2021
Big Oil Squeezes Renewable Energy Profits as Commodities Rally
Bloomberg - Will Mathis ( + NewBAse )
The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing
profits from wind and solar farms just as they’re needed most to avoid climate catastrophe.
Companies from BP Plc to TotalEnergies SE are paying top dollar for clean energy assets as they
transition away from fossil fuels, boosting competition and compressing margins for developers.
One of world’s biggest makers of wind turbines cut its outlook for the year, citing commodity inflation
and disruptions to supply chains.
Denmark’s Vestas Wind Systems A/S now expects full year revenue to be about 3% lower than a
previous forecast. The revised outlook comes as the renewable energy developers continue to face
rising costs for raw materials like copper and steel, metals that are essential for the wind industry.
Commodities rallied in 2021 as global economies rebound from the pandemic, boosting the price of
everything from oil to natural gas and steel. Higher costs had already forced Spanish turbine rival
Siemens Gamesa Renewable Energy SA to report a loss earlier this year, while Vestas also lost
money in the first quarter due to shipping disruptions including the blockage of the Suez Canal.
“Inflation is here,” Chief Executive Officer Henrik Andersen said in an interview on Bloomberg TV.
“We see some some of these challenges still remaining with us for the rest of the year.”
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Vestas shares, down about 15% this year, plunged as much as 7.7%, the most since May. They
were down 3.4% by 11:47 a.m. in Copenhagen.
The company now expects full-year revenue of 15.5 billion euros ($18.2 billion) to 16.5 billion euros
($19.3 billion), down from previous forecast of 16 billion euros to 17 billion euros, it said in an
earnings statement Wednesday.
It also cut expected margin on earnings before interest and taxes to between 5% and 7%. That
compares with a previous forecast for 6% to 8%.
Reduced returns for renewable energy companies come just as the world needs wind and solar
farms the most. The industry needs to invest at least $92 trillion by 2050 to cut emissions fast
enough to prevent the worst effects of climate change, according to BloombergNEF.
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Higher material costs have forced turbine makers to raise prices for their clients. Still, that hasn’t yet
impacted customer demand, Andersen said. Vestas said its wind-turbine order backlog rose to 21.2
billion euros at the end of June, up more than 9% from the first quarter.
While the cost of wind turbines has
gone up, so have fossil fuel prices.
That means there likely won’t be
much change in the competitive
advantage that renewables have
secured in electric grids in much of
the world.
Still, surging prices for key metals
and higher shipping rates are going
to continue to hurt Vestas at least in
the short term. Steel prices in the
U.S. are up more than 80% this
year. The metal is the single
biggest input for manufacturers like
Vestas, making up about 84% of a
turbine’s weight.
Transportation costs have roughly tripled since a year ago, Vestas Chief Financial Officer Marika
Fredriksson said in an interview. The crunch in shipping capacity isn’t expected to ease any time
this year and will likely continue into 2022, she said.
In Asia, the company is struggling to install turbines in places like Vietnam, where restrictions are in
place to contain the spread of the delta variant of the coronavirus, Freriksson said.
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NewBase Energy News 16 August 2021 - Issue No. 1448 call on +971504822502, UAE
The Editor:” Khaled Al Awadi” Your partner in Energy Services
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About: Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
www.linkedin.com/in/khaled-al-awadi-38b995b
Mobile: +971504822502
khdmohd@hawkenergy.net or khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas
sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S.
Universities. 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 the UAE operations base. Khaled is the Founder
of NewBase Energy news articles issues, an international consultant, advisor,
ecopreneur and journalist with expertise in Gas & Oil pipeline Networks, waste
management, waste-to-energy, renewable energy, environment protection and
sustainable development. His geographical areas of focus include Middle East,
Africa and Asia. Khaled has successfully accomplished a wide range of projects in
the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities &
gas compressor stations. Executed projects in the designing & constructing of gas
pipelines, gas metering & regulating stations and in the engineering of gas/oil supply routes. Has drafted &
finalized many contracts/agreements in products sale, transportation, operation & maintenance agreements.
Along with many MOUs & JVs for organizations & governments authorities. Currently dealing for biomass
energy, biogas, waste-to-energy, recycling and waste management. He has participated in numerous
conferences and workshops as chairman, session chair, keynote speaker and panelist. Khaled is the Editor-
in-Chief of NewBase Energy News and is a professional environmental writer with more than 1400 popular
articles to his credit. He is proactively engaged in creating mass awareness on renewable energy, waste
management and environmental sustainability in different parts of the world. Khaled has become a reference
for many of the Oil & Gas Conferences and for many Energy program broadcasted internationally, via GCC
leading satellite Channels. Khaled can be reached at any time, see contact details above.
19. Copyright © 2021 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 endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 19
20. Copyright © 2021 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 endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 20
21. Copyright © 2021 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 endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 21
22. Copyright © 2021 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 endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 22
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