Volume 14 - November 2012

Page 1

Exclusively Publishing 2012 International Bid Round Main Contract Terms And Conditions

:â€ĢاīģŸīģ¤īģŦīģ¨īēĒØŗ īģŖīēŧīģ„īģ”īģ° اīģŸīē’īē¤Ų€Ų€īēŽâ€Ŧ ..â€ĢīģŸŲ€ īē‘Ų€īē˜īēŽŲˆīģŸīģ´Ų€Ų€Ų€īģĸ īē—Ų€Ų€Ų€Ų€Ų€īģŽØ¯Ø§ŲŠâ€Ŧ â€Ģīģģ īē—īģŽīēŸīēĒ īģŸīēĒīģŗīģ¨īēŽ īģŖīē¸īģœīģ īē” īģŖīģŠ ØŖŲŠ دŲˆīģŸīē” īē—īē¨īēēâ€Ŧ â€Ģīē—īēŽīēŗīģ´īģĸ اīģŸīē¤īēĒŲˆØ¯ īģ“Ų€īģ° اīģŸīē’īē¤Ų€īēŽ اīģŸīģ¤īē˜Ų€Ų€īģŽīēŗŲ€īģ‚â€Ŧ

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Kuwait Energy board meets in Egypt

Kuwait Energy’s board members met in Egypt in October to visit their sites and discuss further investments in the region. Kuwait Energy’s board hosted a dinner at Marriot Zamalek, to highlight the accomplishments and future forecasts of the Company, and took the opportunity to network with industry professionals in Egypt. Kuwait Energy’s Executive Chairman Dr. Manssour Aboukhamseen, Ms. Sara Akbar –the Chief Executive OīŦƒcer, Mr. Mohammad Alhowqal – Chief of Operations and Mr. Harry Saul – President, Kuwait Energy Egypt, were among the Company’s team that welcomed many renowned īŦgures from Egypt’s energy sector to the event, headed by Egyptian Oil Minister Mr. Osama Kamal. Dr. Manssour Aboukhamseen presented Kuwait Energy’s achievements and highlighted the company’s expansion plans in the region. He expressed his appreciation to Kuwait Energy’s team and their signiīŦcant role in making Kuwait Energy one of the few independent oil and gas exploration and production companies in the region, with operations in eight countries. CEO Ms. Sara Akbar expressed her pride in Kuwait Energy’s operations in Egypt and the progress that the company makes on a daily basis. Kuwait Energy’s operations in Egypt contribute the largest share to the company’s current total working interest production.

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The Company operates three oil blocks in Egypt, Area A, Burg El Arab development lease and the Abu Sennan concession, and has interests in two other non-Company-operated blocks, namely the Mesaha concession and the Petroshahd Company (previously East Ras Qattara). Kuwait Energy has been proīŦtable since inception in 2005, and currently operates in Egypt, Iraq, Yemen, Oman, Ukraine, Latvia, Russia and Pakistan.Kuwait Energy’s working interest proven and probable reserves at year end 2011 were 235.3 million barrels of oil equivalent and its current production has reached approximately 17,970 barrels of oil equivalent per day.


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International News

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Egypt News

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Arab News

Corporatiom News

Vane Pump-Another Promising ArtiīŦcial Lift Form?

ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ īƒ…ī‚¯ī‚Ŗī‚Ąī‚ŸīĨī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡ ī€ēīƒ‰ī‡īīƒ„ī ī īŠī€ ī‚ŧī ī īƒ‡ī¤ī¨īƒĢī īˆī€ ī ī¤ ī€ ī‚‡ī‚¸ī‚ĩī‚Ąī‚žīĨ ī€ īƒ‰īƒī‡ ī€ ī‚ƒī‚žīĒīžī¤ ī€ īžī īŒīƒ„īŠ ī€ īƒ• ī€ ī‚ĸī‚Ÿī‚”īŠī€ īŠī‚™ī ī ī ī ī īŽīƒī‡ ī€ ī‚‡ī ī ī¤ī¨īī€ īƒ‰īƒī‡ ī€ ī‚Ēī īĨ ī€ īƒƒī‚ƒī ī īƒ‡īĨ ī€ īƒ…īĄ ī€ īī¨īžī ī īƒ—ī‡ ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™ī īŠ ī‚¤ī‚Ąī“īƒ„ī ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡

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Industry At A Glance

Together ..... To Save Our EGYPT

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Egyptian Natural Gas Holding Company ÂĢEgasÂģ

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True Zonal Isolation in Openhole Alternate Path Gravel Pack Completions 50



Petroleum Today Chairman Mohamed Bendary

Together ..... To Save Our EGYPT

Vice-Chairman Mohamed Hamdy Executive Editor-in-Chief Magdy Bendary General Manager Hany Ibrahim

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here is no way to save our beloved EGYPT from this current situation only through the efforts of all different political parties from Leftists, Islamists, and Liberals and create a state of national consensus among the various factions and political parties on important issues related to every Egyptian first and foremost issue is to set the new constitution as the first Egyptian Constitution after the 25th January revolution must receive glorious and high rate of political and popular consensus and must meet the demands of the revolution which was sparked by people ÂŤSubsistence Freedom - Social JusticeÂÅĨ. Unfortunately, what we are witnessing now is the rivalry and infighting between various political forces peaked to the attempt to attack the headquarters of the Ministry of Interiors and the attack on the headquarters of the Freedom and Justice ruling party in various governorates of the republic does not have any relationship from near or far to the freedom of opinion and expression and it is an uncivilized way of rejecting the obsession of a single political faction of the reins of power. Islamist must put his hands in the hands of the Secular, the Leftist and the Liberal to save Egypt from this current situation where it deteriorate its economy due to the political situation and the existing and growing sit-ins and categorical strikes in various sectors of production, the national interest of Egypt must control the hearts and minds of every political faction rather than self-interest to take Egypt to safety side. The language of dialogue and discussion must prevail to reach a state of harmony and build bridges of trust rather than the control of the language of violence and mistrust, and accusation of betrayal because the biggest loser of that is certainly Egypt. Egyptian media also must possess the spirit of responsibility towards this country and put the interest of Egypt above all, and addresses the issues and political events in full impartial and work on healing and calming not to inflame the situation between various political parties and deal with the issues of National Security in a kind of professionalism and literal away from damaging Egyptian National Security as it did with the demarcation of the border in the territorial and economic water between Egypt, Israel and Cyprus which was addressed by many of the media beneficially in achieving the highest percentage of viewing at the expense of the higher interest of Egypt, that case which had occupied and still preoccupy public opinion although Engineer Osama Kamal, Minister of Petroleum and Mineral Resources held a scientific symposium revealed many facts revealed the falsification of what media addressed in this case. Then Unity among the various political forces and national consensus is the only way to get out of the successive political crises in Egypt.

Article Scientific Adviser Consultant /Ahmed Shehab Scientific Secretary Ali Ibrahim Editing Staff Shaimaa Eid Hany Khaled Mohamed Mousa Marketing Magdy Ahmed Mohamed Moussa Mohamed Attia Financial Management Omnia Alaa Distribution Medhat Ramadan Art Direction Mohamed Bendary Production Mohamed Salah Scientific Staff Dr. Attia M. Attia Dr. Ahmed Z. Nouh Dr. Ismail Aiad Dr. Gamal Gouda Eng. Mahmoud A. Gobran Eng. Mohamed nada Eng. Taher Abd El Rahim Eng. Mohamed Bydoun Eng.Samir Abady Dr. Lubna Abbas Saleh Special thanks to all the Society of Petroleum Engineers (SPE) Mr. Hany Hafez Eng. Mohamed Abdel Sattar Eng. Osama Elmeselhy Publisher The Egyptian Company For Marketing 13th AL-Nile AL-Abyad st, (EL-Mohafza Tower) Lebanon Sq, Mohandsen - Giza Tel: +202 42191195 01006596350 - 01116251134 01221412260 E-mail: petroleum.mag@gmail.com E-mail:info@ petroleum-today.com www.petroleum-today.com Copyright Reserved Color Separations: Photo Screen Printed by: Makkah Design by:

And In the end, we salute you all and wish for Egypt pride and dignity.

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: +202 33458059 +202 33458057 my_mydesign@yahoo.com


Egypt News Engineer Hany Dahy: 55% of Egyptâ€ēs total area covered by Petroleum Agreements

Ministry of Petroleum FRQÂŋUPV WR WKH 3URWHFWLRQ Competition Agency its commitment to the rules of Natural Gas Sale

Hany Dahy Executive Chief of General Petroleum Authority revealed that more than 55% of the total mass of Egypt Oasis covered by Petroleum Agreements and we currently have 114 agreements, including 20 research and development agreements and 10 research agreements and 84 agreements for the development of discoveries and the number of foreign companies operating in the petroleum activity in Egypt are 77 companies.

Dr. Mona Al-Gurf head of Protection Competition Agency and Prevent Monopolistic Practices that the Agency has received conīŦrmation from the Ministry of Petroleum and beneīŦt not the ministryâ€ēs intention to weaken the competitiveness in the sector to import natural gas Any of the contenders at the expense of the other.

Dahy assured that the Egyptian oil reserve and its condensate is 4.3 billion barrels and daily production of 670 thousand barrels and during the last īŦscal year added 200 million barrels of oil and condensate. He explained in a press statement that Egyptâ€ēs total production of oil, gas and condensate and butane 81.2 million tons equivalent during the last īŦscal year and before the end of this year it will put a new bid that includes 15 new area of the Red Sea and the Western and Eastern Desert.

10 Petroleum Today -

She said in a statement that this came as a response from the ministry about the Agency queries whether it grew from information that the Ministryâ€ēs intention to import large quantities of oil and natural gas sold at varying prices for people competing in the same market. Dr. Al-Gurf welcomed the response of the Ministry of Petroleum to the Agency where it considered a positive thing for cooperation between the two sides during the next phase and the opinion of the Agency in discussions to develop a natural gas pricing system.

November 2012

Egypt is invited to attend a meeting of the Council of the European Union (EU) in Cyprus Mr. Neoklis Sylikiotis, Cyprus Minister of Commerce, Industry and Tourism and Cypriot President Energy Affairs in the European Union delivered an invitation to Engineer Osama Kamal, Minister of Petroleum and Mineral Resources to attend the Council of the European Union which will be held in Cyprus on 12, 13 December to discuss energy issues in the region as Cyprus is the Chairman of the current session of the European Union. The Cypriot minister asked Egypt to have a speech at the opening of the meeting as a major country in the region and has long experience in the Petroleum Industry and best suited to represent the group neighboring countries to the European Union countries. This came during a joint session of talks held between the two sides Egyptian and Cypriot chaired by the ministers of the two countries in the presence of Ambassador Menha


Bakhoum Egyptâ€ēs ambassador to Cyprus and Cyprus ambassador in Egypt Sotos Lyaseedis. Engineer Osama Kamal pointed that Cypriot side that request by drawing on the experience of Egypt in the īŦeld of petroleum contract agreements for oil and gas, especially in deep water and seismic surveys and put global bids for research and exploration.

Division of Petroleum 0DWHULDOV FRQÂŋUPV WKDW WKH application of LPG pipeline distribution system without clear mechanisms wasted 2.8 billion Hossam Arafat, President of the General Division of petroleum Materials said that the application of the current distribution system is a waste of public money and through which the government aims to create suspended stability in preparation for the parliamentary elections, pointing out that the application in this way the government will cost the government losses of 2.8 billion Egyptian Pounds as a difference of support of the new system from the current system. This came a meeting of the Division, which criticized the implementation of the decision coupons distributed butane in the provinces that the government announced the application experience it without the presence of clear mechanisms for implementation, especially in light rate differential cylinder from center to center Prices range between 5 and 10 pounds warehouse delivery. Arafat criticized the remarks of Dr. Hisham Kandil Prime Minister on halting construction agricultural land for a period of 6 months without exception warehouses of the resolution, pointing out that warehouses have had space for building on agricultural

land as an exception on an area of 245 square meters and that the dimensions of bio-security and exit outside the residential block residential.

General Authority for Industrial Development - Social Development Fund - the Executive Division of Industrial and Mining Projects).

)RU WKH ÂŋUVW WLPH LQ the history of Egypt Establishment of an Egyptian-Qatari company to import LNG from Qatar

Establishing a Holding Company to create industrial clusters of Petrochemicals by 50 million Egyptian Pounds The Board of Directors of the General Authority for Industrial Development Commission approved unanimously to contribute to the establishment of a holding company to create industrial clusters of small and medium Petrochemicals that the company would create and manage tasks and the development of industrial clusters for petrochemical products and chemical in the areas of ÂĢconstruction - plastic packaging - car feeding industriesÂģ, with the participation of private sector investors. Engineer Ismail Al-Nagdy President of the General Authority for Industrial Development said that it has been signed a protocol of cooperation between all of the Egyptian Holding Company for Petrochemicals and the General Authority for Industrial Development and Investment and the Social Fund for Development and the Executive for industrial projects and mining to establish industrial clusters of small and medium projects and products and using raw materials that are produced from the draft national present and future plan for Petrochemicals. Al-Nagdy add that the authorized share capital is 50 million Egyptian Pounds with capital source 20 million Egyptian Pounds to be paid up share capital of which is 50 million Egyptian Pounds evenly distributed between the four Protocol points (Holding Company for Petrochemicals - the

A group of Egyptian and Qatari Investors in Doha agreed on the establishment of a company to import natural gas to Egypt and meet increasing demand in the Egyptian market by mid-year 2013 and the establishment of the īŦ‚oating unit to receive and store liqueīŦed natural gas and re-changed and marketed in Egypt. The Citadel Egyptian Company announced signing of an agreement whereby cooperation with Q-Invest Foundation and a group of Qatari investors to establish a company for the purpose of creating and owning īŦ‚oating unit in Egypt for the reception and storage of liqueīŦed natural gas (LNG) and return it to its gaseous state ( FSRU), And transportation of the national network of gas and marketing in order to provide natural gas supplies to large and high energy consumers in the local market. It is scheduled the Qatari side to have 51% of the shares of the new company and the Citadel company to have the remaining share and it is not yet announced the site planned for the project or the cost estimates investment or the paid but workers in the Petroleum sector said that these projects need billions of dollars. The new company will exercise its activity in the Egyptian market in the framework of the system of import Gas licenses which was recently announced by the Egyptian Holding Company for Natural Gas ÂĢEGAS.Âģ

Petroleum Today -

November 2012

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Since 1969, VEP have manufactured economical, fluid-actuated switches for sensing vacuum, differential and dual differential pressure for the Aerospace industry. Offering an extensive range of air speed, landing gear, brake, and fuel systems switches.

Industrial Pressure Switches â€ĸ Vacuum Switches â€ĸ Differential Switches Since 1947, the Henry G. Dietz Company has designed and built heavy duty low pressure switches, vacuum switches, and differential switches for construction, earth moving, marine, rail transportation, clean rooms, military, chemical and sewage

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Arab News Turkey signs agreement to drill oil wells in Iraq s Basra

Algeria begins Oil Exploration in Sea by 2014

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Turkey signed an agreement worth $350 million to drill 40 oil wells in the southern province of Basra.

SONATRAC Algeria’s giant government Oil announced that it will start exploration for oil and gas in its local coast by the year 2014.

UAE oil minister said Fujairah pipeline that does not pass the Strait of Hormuz will enter full service by the end of the year and will transfer most of Abu Dhabiâ€ēs exports of crude.

Turkish Energy Minister Taner Yildiz said in a true conference in Turkey in talks with the central government in Baghdad to drill a total of seven thousand wells across Iraq. It did not immediately disclose details about the time frame for these actions or executing companies. The growing Turkish participation in the energy sector in Iraq despite tensions with Baghdad because of granting asylum to Ankara for fugitive Iraqi Vice President Tareq Al-Hashemy, who sentenced him to death by an Iraqi court for the second time the day before yesterday. Yildiz said in press conference, which was held in the Turkish capital of Ankara continue to work with the central government to drill seven thousands of wells across Iraq as a whole. The Minister also said that talks were underway with the Turkish treasury on an initial public offering of the shares of oil company TPAO and company Botas pipeline state-owned, adding that Turkey īŦrst planned to sell TPAO shares.

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Mohamad Saeed Mala director of the northern exploration department in SONATRAC said in a press statement that the company will begin drilling at sea alone or with a foreign partner, stressing the capacity the SONATRAC occurred as the implementation of this project on its own. He added that the exploration would be on an area of 3 thousand square kilometers between Begaya and Ennaba provinces east of the capital on an area of two thousand square kilometers between tennis and Mostaganem provinces both in the west. He explained, that these areas, which the company expects the presence of hydrocarbons is located at a depth of 2000 to 2500 M pointing out that the process of exploration and one will cost $100 million. It is a public company formed to exploit petroleum resources in Algeria is now a variety of activities, including all aspects of production exploration, extraction, transportation and reīŦning and it has diversiīŦed in their amputation and chemically and desalination of sea water.

November 2012

Under Iranian threats to close the Strait of Hormuz, the largest shipping lane for oil trade in the world the United Arab Emirates launched the pipeline, which is long overdue to pump up to 1.8 million barrels per day and sent the īŦrst shipment of exports in July. The Minister Mohammed Al-Hamly told reporters on the sidelines of the World Economic Forum World In Dubai ÂĢWe hope by the end of the year to fully enter serviceÂģ. The pipeline transmits primarily along the 370 kilometers of oil īŦelds in the desert west of the UAE to Fujairah, a major center for oil storage and bunkering on the east coast. The new harbor Supplier eight tanks for crude oil storage capacity of each million barrels. But since the īŦrst three shipments, and some returned to the UAE port of Fujairah does not work fully to absorb most of the UAEâ€ēs oil exports.


International News &DQDGD VWUHVVHV WKH LPSRUWDQFH RI GLYHUVLÂŋFDWLRQ RI LWV RLO H[SRUWV DIWHU 8 6 LQÀDWLRQ expectations of oil production Canada conīŦrmed the reports that says United States will become the largest oil producer in the world by the end of the decade should prepare a warning paints a dramatically need for Canada to diversify its oil exports. Canadian Natural Resources Minister Joe Oliver said that 98% of Canadaâ€ēs exports of oil and 100% of its exports of gasoline is heading to the United States. He said he expected that the United States reduces its dependence on oil and gasoline from Canada, and then it is important to urgently build pipelines PaciīŦc Coast to strengthen Canada to export to Asia. Noteworthy that the International Energy Agency has reported that the United States will become the largest producer of oil on the outskirts of 2020 with detection techniques to īŦnd more resources.

&KLQD H[SHFWV WR LQFUHDVH LWV oil production to 250 million tons in 2030 Chinese Ministry of Land and Resources expected a high rise in the production of oil and gas by 2030 due to the signiīŦcant increase in the resources available geological in the north-eastern region of China.

The director of geological explorations in the ministry in a statement data reporters that oil production is expected to exceed 250 million tons on an annual basis in 2030 with the prospect of the arrival of gas production to 45 billion cubic meters. He explained that the oil resources Geological northeastern regions of China reached 5.22 billion tons at the end of 2011 with the arrival of resources recoverable to 2.7 billion tons, up 7.5 billion tons and 3.1 billion tons respectively for the year 2007.

World Bank: Nigeria s SHWUROHXP GHSOHWLRQ ZLWKLQ 41 years World Bank predicted depletion of Nigerian oil within 41 years and Angola during 21 years. The Bankâ€ēs report on the economic situation in the African continent that Nigeria - the largest oil producer in the African continent - will stop production after depletion of its oil during 41 years and Angola - the second largest oil producer in the continent - would stop production after 21 years from now. The report added that the adoption of these two countries on the reserve continue in the near term and medium pointing out that oil production in some newly discovered country such as Ghana and Uganda will not last long

It is noteworthy that Nigeria is the largest oil resulted in the African continent which is also one of the core members in the Organization of Petroleum Exporting Countries (OPEC), where now produces more than 2.5 million barrels a day, according to U.S. ofīŦcials.

Malaysia discovers new oil well Malaysian Prime Minister Nageeb Abd Al-Razzak announced that he found additional oil reserves in the region of ÂĢBertamÂģ in the Malaysian state of Pahang. Abd Al-Razzak told a news conference after presided over a meeting of the Executive Board of biotechnology companies PETRONAS and LUNDIN OIL with private limited exploration has located an oil well 160 km off the coast of Peninsular Malaysia at a depth of 76 meters. He added that depending on the outcome of the study are still alive enforcement technical and economic volume of oil production is expected to reach between 17,500 and 20,000 barrels per day during the third quarter of 2014. Abd Al-Razzek explained that Bertam oil region may contain 64 million barrels of oil thanks to this new discovery.

Petroleum Today -

November 2012

17


Corporatiom News Saudi ARAMCO launches its regional headquarters In Beijing

Government is considering solving the problems of Exxon Mobil company in the Egyptian market

Saudi ARAMCO one of the biggest oil producing companies in the world Recently announced set up a company ARAMCO Asia and the opening of its regional headquarters In the Chinese capital of Beijing to strengthen its presence in one of the fastest growing regions in the world In a move to demonstrate the strategic importance Enjoyed by the companyâ€ēs Asia region.

Dr. Hisham Kandeel Prime Minister met Chairman of the Board of Directors of the British EXXON MOBIL, Andy Wales in the presence of Engineer Osama Kamal, Minister of Petroleum.

ARAMCO Asia company will be fully owned by Saudi ARAMCO and taken from the Chinese capital Beijingbased intermediary for trade deal between Saudi ARAMCO and China and will also have other two ofīŦces in Shanghai and Xiamen in addition to its regional headquarters. At the opening ceremony which was held in the Chinese capital Beijing conīŦrmed Senior Vice President of reīŦning, processing and marketing Abd Al-Rahman Fahd Al-Wahaib announced in a statement data Newspapers that the companyâ€ēs new headquarters in Beijing will be an important pillar in strengthening its operations in general and in particular the activities of investment and commercial opportunities other arising from major projects in Saudi Arabia and Asia.

18 Petroleum Today -

And the government announced in a statement that it is currently studying all challenges facing EXXON MOBIL company in the Egyptian market and work to overcome all the obstacles and problems facing increasing its investments in Egypt in coordination with all the ministries and departments concerned to reach practical solutions satisfy the aspirations of the company. The companyâ€ēs activity in Egypt started in 1902 and today occupies a large company status In the petroleum products market and derivatives amputation well and fuel and oil markets in Egypt, where the company is committed to attracting more of the latest global technologies, And the use of quality system applied globally in the īŦeld of oil and fuel oils through the use of the best global talent to provide a full range of petroleum derivatives and the highquality oils to meet the needs of the Egyptian market.

November 2012

The company owns nearly 350

service station to meet the market needs in addition to 25 store on the run in Governorates of Cairo and Alexandria provide prompt service and outstanding īŦ‚eet also includes the transfer of a large component of the mechanism for the transfer of 50 trucks directly to stations in line with international safety standards.

As a result of lower prices and declining production.. 6+(// SURÂŋWV IDOO WR $ 6.1 billion Royal Dutch SHELL recorded second-largest oil company in the world decreased by 15% in thirdquarter proīŦt as lower oil prices overshadowed the decline in production and exceptional expenses on strong margins in reīŦning activities. SHELL announced its net proīŦt of $ 6.1 billion decreased lighted from $ 7.2 billion a year ago and excluding expenses exceptional resulting from the devaluation of assets due to weak gas prices U.S. and modiīŦcations tax British and other factors, the R revealed the company amounted to $ 6.6 billion analysts had predicted that total proīŦts $ 6.3 billion. And contributed to the cessation of production in Nigeria as a result of security breaches in the companyâ€ēs global production fell from 5% liquids and gas production fell 4%.


Egypt Gas Company plans to evacuate the provinces of Butane Engineer Mustafa Ismail President of Egypt Gas Company said that the company began implementing its plan to expand in the delivery of natural gas to homes in the companyâ€ēs concession areas The targeted delivery of gas for 300 thousand residential units in Tokh, Almarg, Alkhosos, Kalyoub, Alhadtha, Alkanater, Qena and Aswan. Ismail pointed that the companyâ€ēs plan aimed evacuate those areas of butane and replace it with natural gas, pointing to the completion of the plant to reduce gas pressure carried out by Egypt Gas Company in Tokh bass investments of up to 26.5 million pounds in order to deliver gas to 17 thousand housing units and 15 bakeries stage īŦrst. Ismail added that the company aims during the brief period the completion of delivery of gas to nearby provinces and cities of the network under the evacuation program of LPG depots to provide support borne by the state and in order to facilitate the citizens.

THARWA Petroleum Company conducted studies to identify new areas for exploration Engineer Medhat Al-Sayed President of THARWA Petroleum said that the company is currently underway a number of studies to identify areas that can work during the coming period, taking into account that enjoys those areas by low risk, especially with the limited resources of the company, particularly as it is engaged in research and exploration for oil and gas. Al-Sayed pointed that rising costs of oil and gas extraction from the

Top – Level Competition at Pro Plus Katameya Pro Plus Health & Fitness Club - Katameya staged a top-level competition in November and were very Privileged to be joined by two World Champion power lifters. Competitors were entered into various events to test their īŦtness and endurance, which included: push-ups, Pull-ups, running, swimming as well as a number of activities to test speed and agility on the Pro plus Health & Fitness Club’s exercise machines. Seen in the photograph below are the participants entered into the Abs competition.

water where the company is always involved in Less dangerous areas pointing out that the company relies on its investments on its own resources and not in debts for any of the banks operating in Egypt, despite the research and exploration sector requires a lot of money and a huge investment. The companyâ€ēs wealth of Petroleum that the company has achieved great success in the īŦeld of research and exploration after just two years of activity, the announcement īŦrst discovery of gas in the area conīŦdence marine northern Sinai Mediterranean in July 2006 and within three years was converted disclosure to the development and well proven reserves of more than 140 billion cubic feet and the implementation of the development plan for the region in partnership with IOC Italian establishment maritime line length of 50 kilometers and began production in January 2009 using the facilities available to PETROBEL company to reduce the capital cost to add 100 million cubic feet gas daily to map gas production in Egypt at the start of production.

Dana Gas announces discovery of gas in Delta estimated at 6 billion cubic feet UAE Dana Gas said it discovered natural gas In the Nile Delta, Egypt and estimated the size of the new reservoir in the range of four to six billion cubic feet. The company said it was preparing a plan for the development of detection achieved at the site West Sama 1and will link it to a near station close to the gas processing. Dana Gas said the discovery is the second in the īŦeld of natural gas In Egypt this year after the successful exploration work in the Kom Ombo concession In the second quarter of the year. Noteworthy that The company with activities in Egypt, said recently that the Egyptian unit began commercial production plant for natural gas liquids there.

Petroleum Today -

November 2012

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New Products Continuous Drilling Fluid Flow Benefits of continuous circulation during drilling operations have been known for a long time; however, technological solutions have started to emerge only recently. Weatherford has developed a continuous-flow system to help improve drilling performance and safety at the wellsite. Circulation of drilling fluid when adding or removing a stand of drillpipe offers many potential benefits including better control of annular-pressure spikes seen during connections (reducing the likelihood of kicks), mud losses, and differential- and mechanical-stuckpipe events. The system will minimize formation damage caused by pressure changes during conventional connections with rig-pump ramp-up and ramp down cycles. Drilling fluid will be diverted automatically from the standpipe to the side port in the subassembly (Fig. 1), allowing circulation to continue during connections. The control will take place away from the rig floor by use of a remote panel, allowing personnel to remain a safe distance from the operation. Initial field trials

22 Petroleum Today

Fig.1—Weatherford’s continuous-flow system on the system are planned. For additional information, email justin.cunningham@weatherford.com

Flowmeter for WAG System McCrometer’s V-Cone Flow Meter (Fig. 2) is designed for use in water alternating- gas (WAG) -injection systems for mature reservoirs. In a typical WAG system, this flow meter is installed as a master meter at the CO2 source with stainless-steel piping run to as many as 16 injection wells. The flowmeter maintains excellent accuracy when the volumes of the 16 pipe runs are added together. The

- November 2012

meter itself also requires virtually no maintenance—only a simple calibration check of the transmitter. With built-in flow conditioning, the meter features advanced differential pressure (DP) technology to nearly eliminate the up - and downstream straight pipe runs required by other DP instruments, such as orifice plates and Venturi tubes. The flowmeter is inherently more accurate than traditional DP instruments because flow conditioning is built into its unique sensor design. The centrally located cone interacts withthe fluid steam, reshaping the velocity profile to provide a stable signal that increases measurement accuracy. The DP is measured with two pressure-sensing taps, one placed slightly upstream of the cone and the other in the downstream face of the cone itself. The DP then is incorporated into a derivation ofthe Bernoulli equation to determine the fluid-flow rate. The flowmeter is availablein line sizes from 0.5 in. to greater than 120 in. It operates over a wide flow range of 10:1, is accurate to ±0.5%, and offers repeatability to ±0.1%. For additional information, visit www.mccrometer.com.


the gate valve through 200 cycles of extreme temperatures ranging from −20 to +450°F under a constant pressure of 15,000 psi. This test ensures that

Fig.2 —McCrometer’s V-Cone Flow Meter

Progressing-Cavity Surface Pumps Moyno progressing-cavity pumps are capable of handling thick, abrasive, and corrosive heavy oil effectively, even with viscosities higher than 1,000,000 cp. There are models capable of generating flow rates up to 2,500 gal/ min and pressures up to 2,100 psi. These pumps are low maintenance and have a long service life. The progressing-cavity design results in a low-shear discharge with no-pulsation flow. Progressing- cavity pumps for lease-automatic- custody transfer

the gate valve meets the American Petroleum Institute 6A Annex F-PR2 performance requirements. After completion of the test, inspection of key seal components within the valve’s upstream and downstream sides revealed no abnormal abrasion or deformation. Test results demonstrated that mechanical integrity was maintained on the upstream and downstream-seal assemblies, the gate faces, and the stem packing. The company’s dual-seal technology forms a bubble-tight seal against the valve gate, which is maintained through the most extreme conditions, such as those occurring in Arctic and ultradeep water drilling and production. For additional information, visit www.womusa.com

(LACT) applications provide accurate transfer of ownership of liquid hydrocarbons between a buyer and a seller through an LACT unit into a pipeline. For additional information, email literature@tdh-marketing.com.

Fig. 3—WOM test stand with the Dual-Seal Gate Val

High-Performance Rod Guides Robbins & Myers Energy Services Group has introduced its high- performance rod guide for progressing-cavity down hole-pumping applications. The New Era Cross Over high- performance rod guides (Fig. 4) can effectively increase production and decrease workover costs by extending rod and tubing-service life in standard and high temperature applications. These rod guides deliver maximum performance at well conditions up to 500°F. The rod guide has a hydrodynamic design and is manufactured from engineered plastics enhanced with performance additives specifically tailored to withstand hightemperature-well conditions. This design helps keep fluid closer to laminar flow around the guide and decreases the chance of gas breakout. The concave body channel allows wider vanes, more erodible material than other designs, and low fluid drag. Reduced hydraulicdrag force maximizes carrier-bar loads on the downstroke. Wider vanes provide maximum surface-bearing area. The guides are custom designed for each rod and tubing size, to allow maximum vane width and optimum bypass area. Nominal tubing sizes include 2, 2ÂŊ, and 3 in. The proprietary DuraGuide wear indicators provide visual confirmation of remaining erodible material on guides. For additional information, email esg.marketing@robn.com

Gate-Valve Seals Worldwide Oilfield Machine (WOM) has successfully completed an extreme temperature test of its patented Dual-Seal Gate Valve with Magnum Seal Assembly (Fig. 3). The test included operating

Fig. 4—Robbins & Myers Energy Services Group New Era Cross Over rod guide Petroleum Today

- November 2012

23


Vane Pump-Another Promising Artificial Lift Form? By

Tongbin Wang, Zejun Shen, Xiaohan Pei, Zhongxian Hao, Lixin Zhang, Quanbin Wang, He Liu, Jie Qian, Riped,Petrochina

A

bstract

In thermal production well, beam pumping lifting is still the major artificial lift form in spite of its high cost on surface equipments and huge energy consumption. In conventional progressive cavity pump (PCP), the interior stator is made of synthetic elastomer, the steam temperature is too high for it to work. For the lift in hightemperature wells, in a long time, we did not have a good solution that can balance both mechanical efficiency and high temperature resistance. We developed a new lift manner by using vane pump as the down-hole pump to lift oil to the surface. According to the down-hole conditions, we redesigned the structure of vane pump with small radial size and transporting fluids axially. As same as PCP, the vane pump lift system and its rotor is driven by a surface drive head through the rotating rod strings. There is no initial tightness between the rotor and the stator of the vane pump that are all made up of metal elements. It can resist the temperature of 2500 and

24 Petroleum Today

be used in high oil-gas ratio well and heavy oil well. The vane pumpÃĸ€™s flow rate is about 5 to 100 cubic meters per day, and the pressure rating can reach 20MPa. The vane pumps have been deployed in five steam flooding wells. Compared with the beam pumping unit with the similiar liquid-producing capacity, the energy consumption of vane pump is 30 percent lower. Until now, the longest operation time span is 11 mouths, and all pumps are in good condition. Maybe in the near future, vane pump lift system will become another important artificial lift form. In this paper we will discuss the design of vane pump and its artificial lift system, its benefits and case histories in details. Key words: Artificial lift, vane pump, multiple-stage vane pump, thermal production well

Introduction

Pumping unit is the most conventional artificial lift form which can be traced back to the early 20th century, the system features its high

- November 2012

reliability and few maintenance is needed; but the low efficiency and high investment is the other side of the coin when the system is in use. Presently, there are other artificial lift forms, such as gas lift system, electric submersible pump (ESP), progressive cavity pump (PCP), and jet pump, etc. Especially in thermal production well, the fluid temperature is very high (steam temperature is usually above 2000), the daily output is low (the average output of most well is below 30 m3/d). This severe working condition is a big challenge for artificial lift equipments. In the artificial lift forms above, gas lift is fit for the wells deep and wells with high production, low sediment concentration, low water cut, high steam oil ratio and corrosive components. The system is not fit for cyclic steam stimulation and steam flooding wells. Additionally, the investment of gas lift system is high, and the construction of which is also limited by the gas source. ESP is fit for the wells with large output, the poor temperature resistance and high


investment make it not fit for the thermal production wells with low output. PCP is known as an alternative taking the place of pumping units in the wells with heavy oil and sand wells, but the bad temperature resistance makes it not fit for thermal production wells [13-]. Until now, for thermal production wells, we did not find out another artificial lift form with both higher efficiency and reliability except the pumping unit. Vane pump is one type of positive displacement pump, its working principle is like that: when the rotor rotates, the sliding vanes are pushed onto the inside surface of stator and dynamic sealing is formed between the sliding vane and the stator, and the volume of cavities changes to produce pumping pressure accordingly. The common vane pump features its high hydraulic efficiency and smooth flow rate [45-], but in order to make it fit for the artificial lift in wells and thermal production wells especially, the following problems must be solved: (1) For both single-action and double-action vane pumps; the rated revolution speed usually is high, which is supported by its good lubrication. But in well bore, the lubrication usually is not sufficient. Moreover, high revolution speed is not fit for most low-production wells and will lead to the working life shortened. (2) For both single-stage and doublestage vane pumps in common use, the pumping pressure is not very high. Especially when the revolution speed decreases, the hydraulic efficiency and the pumping pressure decreases simultaneously. (3) The size of common vane pump is not compact enough for the slim well bore. In order to meet the demand of the artificial lift technology of thermal production well and solve the problems of common vane pumps, we designed the multiple-stage vane pump (MVP)

and its matching artificial lift system, and its field test in thermal production well was launched. In this paper the design mechanism of MVP, the MVP artificial lift system, and the experiment cases on the spot are introduced.

MVP can be expressed as the product of the individual volumetric efficiency of the three single-stage vane pumps. Generally, the theoretical volumetric efficiency of single-stage vane pump is about 90%, assuming

Design of MVP

In order to adapt to the long and narrow well bore, while MVP is designed, the axis of revolution must be consistent with the direction of lift; for enhancing the pumping pressure, the vane pumps are arranged in series connection, so as to distribute the artificial lift pressure to very stage evenly. The design mechanism is illustrated in Figure-1. Figure-1 (a) shows the singlestage vane pump. When the shaft rotates, the fluid is inhaled from the inlet below and pumped out of the outlet above. Similarly when we put two singlestage vane pumps together as what is illustrated by Figure-1 (b), the pressurization of fluid can be achieved accordingly. Presently, three singlestage vane pumps are built into one MVP unit. When higher pumping pressure is needed, several MVP units can be connected through couplings. By using the eccentric circle model (the inside contour of stator) illustrated in Figure-2, the theoretical capacity Vd (daily output) of MVP is obtained.

(1) In which b is the width of sliding vane in the axial direction; e is the eccentricity of rotor; D is the ID of stator, n is the revolution speed per minute. As to the 114mm OD MVP, assuming the revolution speed is 160r/ min, the capacity per minute is 26L, the Vd is 26m3, and one MVP unit can provide pumping pressure up to 6MPa. While calculating the volumetric efficiency of MVP, for one MVP unit is made of 3 single-stage vane pumps, the theoretical volumetric efficiency of

obtained as follows.

(2)

MVP has the following characteristics: (1) The rotor, stator and sliding vanes are all made of metals. This is why MVP can resist the temperature above 2500 and adapt to the working condition in thermal production wells. (2) There is no pretightening force between the sliding vanes and inner side of stator, and no eccentric movement when rotor is rotating, which leads to the high system efficiency. (3) The axial size of MVP is short, which makes it adapt to deviated well bore easily.

2. MVP artificial lift system

In reference to the PCP artificial lift system, the MVP artificial lift system is designed as the illustration in Figure-3. The system can be divided into two parts: surface drive head and downhole tools. The surface drive head is similar to that of PCP artificial lift system, which drives the MVP through the sucker rod. The drive head is driven by variable frequency (VF), the revolution speed can be adjusted from 80 to 300r/min.

The downhole tools include tubing, sucker rod, transmission section, MVP and anchor from top to bottom. The tubing is connected with MVP forming the artificial lift channel; the power of sucker rod is transferred to MVP through transmission section which also has the function of steam injection and sand control; the anchor is used to prevent the downhole tubing from rotating.

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The transmission section is the special tool designed for the MVP artificial lift system. The upper side is connected with tubing, the lower side is connected with MVP, the inner of upper side is connected with sucker rod, the inner of lower side is connected with rotor, the rotation of sucker rod is damped centralized and transferred to the MVP by the transmission section. A steam injection valve and a sand tube are also designed in the transmission section. In steam injection period, the steam injection valve is opened with the action of pulling sucker rod upwards, but the MVP artificial lift system is not tripped out, the steam goes into the annular space between the casing and the tubing (above the MVP) in case of steam going into MVP directly. In the production period the valve is closed by pushing sucker rod downwards. At the same time the valve is used to adjust the anti-impact stroke. The sand tube collects the sand in both production period and non-production period, which can prevent MVP from sand sticking. The anchor of MVP is redesigned compared with that of PCP. Its function is to counteract the twisting force while MVP is working, and keep the pipe in the tension under the action of gravity even if thermal elongation happens to the pipe after the high temperature steam is injected, the design can also decrease the possibility of wear between the tubing and sucker rod. In the MVP artificial lift system, for the use of drive head, the cost for well construction is greatly saved compared with the pumping unit; the driving force is transferred to the downhole through the sucker rod, the temperature resistance performance of motor is not a concern for the design of MVP system in contrast with that of

26 Petroleum Today

ESP. Because of the lower revolution speed and output, the MVP artificial lift system is more suitable for lowproduction wells.

The installation of MVP and field test. The installation of MVP The installation of MVP is simple, low-risk. The operation procedure is as follows: 1. The anchor is connected to the lower end of MVP; MVP is connected to the lower end of the transmission section, the upper end of transmission section is connected to tubings, then the piping is ran in to the setting depth of pump. 2. Set the anchor. Rotate the tubing for 8 - 10 circles in clockwise until the anchor is set. 3. Connect the spline shaft to the lower end of sucker rod and run the sucker rod into the tubing till its lower end contacts the transmission section and the weight indicator displays zero, pull the sucker rod upwards and the weight indicator display recovers, pull the sucker rod 200mm upper, the connection between shaft of MVP and sucker rod is complete. 4. Install the drive head and other equipments, turn on the motor and launch the production. The ďŚ eld test cases 5 MVP artificial lift systems have been put into use since 2009, and the following are the data for 4 wells. Case1: A1 well, the date for its running in operation is September 1st, 2010, the daily output is about 014.8ton, the average output daily is 3.24 ton. The output daily before MVP was tripped out is about 0.1 ton, the production period before the workover operation is 11 months. The MVP will be stripped in after the new cycle of steam injection is complete.

- November 2012

Case2: A2 well. The date for its running in operation is October 27th, 2010. The daily output is about 0.111.4 ton, the average output daily is 7.04 ton. The daily output before MVP was tripped out is about 6.5 ton. The period before the workover operation is nearly 8 months. Case 3: A3 well. The date for its running in operation is May 4th, 2011. The daily output is about 714.4- ton, the average output daily is 10.01 ton. The current output daily is about 13 ton and the system is running. Case 4: A4 well. The date for its running in operation is May 4th, 2011. The daily output is about 19.4- ton. The average output daily is 5.9 ton. The daily output before the MVP system is shut down is 1.5 ton in March, 2012 for the leakage of drive head. In the 4 field test cases, the longest production period without workover is 11 months. In Table1, the data for 3 wells are contrasted with 3 contiguous pumping unit wells in the same block. Compared with pumping unit wells, the construction cost for MVP system is 30% lower, the energy saving is about 50%.

Conclusions

The research and field test show that the MVP system can meet the requirement of working condition in artificial lift properly, especially the artificial lift of thermal production well; for the similar working condition, the performance of energy saving is better than that of pumping unit. For the further improvement of MVP artificial lift system, the following research will be focused on: (1) The field test of injection valve will be launched. The injection valve was not operated in the current field test. (2) With respect to stator, rotor and high temperature sealing structure, the better performance can enhance the system reliability and working life. (3) The hydraulic characteristics,


sand prevention performance and adaptability to different viscosity will be further researched to facilitate the optimization of MVP artificial lift system in different wells. (4) The field test in common wells will be launched with the mature of technology. We believe that MVP will be another promising artificial lift system for the development of heavy oil and high efficiency lift in common oil well.

References

īƒ¸ Z. Cao. Recent advance in oil development equipment[J]. Foreign Oilfield Engineering, 1995, 11(6):6165. īƒ¸ Lea,JF Wink.,HW. Recent advance in progressive cavity pump[J]. Foreign Oilfield Engineering, 1996, 12(6):20 21. īƒ¸ Guoxing Gu. The associate technologies for the heavy oil development in

shanjiasi dan6 [J]. Petroleum Geology and Recovery Efficiency, 2003, 10(4): 7374,77-. īƒ¸ Yu Jing. The characteristics and development trend for vane pump[J]. China Storage and Transport, 2008, (12):116 - 117. īƒ¸ Maoqing Chen, Weidong Wu, Chunlai Lou. The design of vane pump and its hydraulic characteristics experiment[J]. Pump Technology: 2005, (1): 24 - 27.

Figure-1 Theoretical design of MPV Note: 1-shaft, 2-lower cover, 3-upper cover, 4-rotor and sliding vanes, 5-stator

Figure-2 the calculation of MVP’s theoretical capacity Petroleum Today

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Figure-3 MVP artificial lift system

Figure-4 Transmission section

Figure-5 Anchor Table 1 Contrast between MVP system and pumping unit system MVP artificial lift system: the installed power: 5.5 kw. The setting depth of pump: 100 - 450 m. Well no.

current (A)

Daily output (mÂł/a)

A2 A3 A4

6.5 6.6 6.6

10.4 10 6.2

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The contiguous pumping units: the installed power: 1115kw. The setting depth: 100 - 450m.

Average production period

Well no.

current (A)

Daily output (mÂł/a)

Average production period

>10 month

B1 B2 B3

14.8718.911.75 11.75

15 11 7

35- month



Success Story: Management of Mature Oil Fields in the Gulf of Suez by Suez Oil Company (SUCO) SUCO Company is one of the īŦrst companies exploring the Gulf of Suez for oil and gas in 1979. For more than thirty years, the company had been using all the available sources to increase the production and arrest the decline of the wells using the modern technologies in order to help her contribution in the progress of the industry in Egypt. A cumulative production of 625 MMstb was produced from the only three īŦelds. Since 2009, the company started to discuss the proper way in increasing the oil production from the three mature īŦelds and to decrease the production decline of the well. A plan was made for the development of each īŦeld. Maximizing Oil Recovery from Ras Budran Field Although all existing difīŦculties which beset oil production and negatively affect the sweep efīŦciency in Ras Budran īŦeld such as lack of substantial aquifer, adverse mobility ratio, highly stratiīŦed and heterogeneous reservoir, and scale build up problems. SUCO succeeded to increase the ultimate oil recovery from Ras Budran Field from 281 MMSTB to 298 MMSTB. Further increase is expected upon completing the proposed drilling campaign next year.

had 30 years of production history, it still carry a signiīŦcant degree of uncertainty due poor seismic imaging of reservoir units, for these reasons both simulation model and conventional analysis of available dynamic data (i.e. Well logs, MDT, PLT’s, performances, pressures, and production) are carefully used and integrated to update the structure model, estimate the expected oil volumes, and identify the īŦ‚ow barriers to pinpoint targets location. This reservoir engineering approach develops an understanding of the reservoir behavior and leads to optimize the production and injection strategy; therefore the dramatic decline in the īŦeld oil production rate (i.e. more 25 %/year production decline) was arrested and a īŦ‚attened rate of production

ENG. Mohamed El Masry Chairman & Managing Director

decline is obtained. Four successful wells were drilled in Ras Budran, which expected to develop about 8.7 MMSTB, and are currently producing 50% of the total īŦeld production. Each of these wells is access and develops oil reserves which cannot be produced via any

of its offset producers. The most important achievement is the identiīŦcation and production of bypassed oil in the abandonment reservoir units; that increased the ultimate oil recovery from Ras Budran Field by about 6 %. Another major project was to compare the gas lift completion of some wells to ESP completion to overcome scarcity of processed gas used in Gas Lift due to the expected shortage of gas with the normal decline in the īŦeld production. The project faced several challenges at the beginning due to the harsh environment of Ras Budran, but after several installations and modiīŦcations to the completion design, using latest high tech equipment, SUCO succeeded to achieve ESP run life with more than a year continuously after installing the advanced ESP equipment and improving wells performance using the ESP/Gas Lift combined system.

Fig 3: Ras Budran Production Performance

Fig 4: ESP Running Life versus Time

Fig 2: Ras Budran Decline Arrest

Fig 1: Ras Budran Simulation Model

An efīŦcient reservoir engineering approach used to integrate the valuable data to cope with the īŦeld challenges and assessment of the uncertainties, which signiīŦcantly increase the chance of success. However of the īŦeld maturity, which


Electro-Gas completion has been demonstrated as an optimal style for Ras Budran wells in terms of cost and performance offering numerous possibilities for optimizing the production rate and ensuring uninterrupted production operation in many wells with a limited source gas for gas lift operation. In GL-ESP combined system, Lift gas is injected above the ESP pump to lower the density of the īŦ‚uid head reducing the pressure proīŦle in the tubing. This head reduction improving the performance capabilities of the ESP in addition to supporting annulus pressure to be higher than tubing pressure preventing liquid circulation especially in case of mechanical problems not related to ESP such as tubing leakage above pump as in wells RB-B4 and RBB8b. Using this system minimizes the deferred production resulted in the ESP failure, consequently optimizing the cost of production and work-over which have a great impact in reduction of the capital and operational expenditures Using the advantage of EnergySaving minimizes the electrical power requirements in line with upgrading the electrical system by introducing the electriīŦcation project utilizing the National Grid as a power supply obtained a positive impact on overall cost/bbl. Untapped Reserves in Zeit Bay Field Zeit Bay is the only īŦeld in SUCO that combine between the carbonate formations, sandstone formations and fracture granite. This unique depositional environment was too difīŦcult to simulate, leaving the conventional method to be the only available method in anticipating the oil bearing areas. With the development of water through time some of the formations started watering out which left a limited oil leg to produce. In search for the oil leg, the shortage of gas lift has to be solved on the B platform. Well ZB-B5 was perforated in the Hammam Faraun Carbonate formation that produced 8 MMscf of

lift gas that was used to operate all the wells on the platform. Consequently, additional perforations were planned in the well ZB-B7a. The well was producing from Kareem Dolomite formation with 100 bopd; an additional perforation was to be added to increase the productivity of the well. After the job the well showed an increase of 150 bopd, but this increase was not satisfactory to Zeit Bay which left the engineers wondering to test the upper formation of Limestone for the īŦrst time. Well ZB-B8a was the candidate for testing the Limestone after isolating the Kareem Dolomite and opening production from the Limestone formation, the well showed production of 180 bopd. After this success in the Limestone, another well was to test the Limestone. Well ZB-B1 was producing with an average production of 60 bopd from Kareem Dolomite. An RST log was performed to īŦnd the saturation distribution in the different formations and īŦnding the water oil contact, after interpreting the log and conīŦrming the oil left in the upper structure of the Limestone formation the Limestone formation was perforated and producing the two formations comingling, the gain was about 200300- bopd. So the plan was to isolate Kareem Dolomite since the offset wells can produce the

Eng.Mohamed Baydoon SUCO Chairman Assistant For Operations & Board Member

remaining oil in Kareem Dolomite and stimulate the Limestone. The well was tested after stimulation to produce an average production rate of 800 bopd.Simultaneously with the successful rig-less work-overs, a technical study was initiated to review the available technical solutions for upgrading the production surface facilities. The study showed that the gas lift system performance is suffering from poor quality of gas, sub-optimal piping arrangements and non-availability of lift gas at all well location that require artiīŦcial lift and improving the lift gas quality and quantity (dry gas supply) by re-distribution of available dry lift gas could enhance Zeit Bay oil production by 600 bopd. The gas lift optimization project using coiled tubing is under preparation and expected to be completed next

Fig 5: Coiled Tubing used in the project


February/March 2013. Development of Ras Fanar West Area Ras Fanar shallow reservoir had been producing from the Nullipore formation since 1984 with strong aquifer support. The īŦeld produced naturally till 1996 when the water started developing; at that time the ESP project was launched to endure the production of the īŦeld. Till 2004, the western area was believed to be watered out compared to the water oil contact in the main area and then an exploratory well was to be drilled in the west area to treasure trove the existing of a new oil bearing reservoir with the original water oil contact. The western area was developed initially by drilling 6 inīŦll wells as īŦrst phase of development. This development phase has contributed in raising the overall productivity of the īŦeld with 45%. These results encouraged SUCO to pump more investment in this promising area, therefore it was crucial to update and improve the

planning base for such activity to update the reservoir study of the īŦeld to maximize the reserve so as to include the results obtained from the new wells drilled in this region and the rest of the īŦeld as well as fully understanding of the characterization of geological and compositional reservoir of the west area to proceed with the best development plan for this area. After the integrated reservoir study of Ras Fanar has been completed in 2008. More inīŦll wells locations were studied and found to be economically and potentially promising. The positive results from the īŦrst two drilled wells encouraged SUCO to step forward to further delineating of this area. Following the successful

Fig 6: Ras Fanar Production Distribution

drilling of these wells and due to the limitations of slots available for more drilling activities, the company has studied all the available alternatives and sidetrack was the only suitable solution to develop the west area by using the decline curve analysis technique to evaluate the remaining reserves especially in the low productive wells and the results from integrated reservoir study to evaluate the possibility to drain this reserve from offset wells. The second phase development campaign included eleven wells and supported the total production of SUCO with 49% of total Ras Fanar production and 20% of total SUCO production. Now, the reservoir management plan has been updated through performing a new integrated reservoir study including the īŦrst and second development phase wells, for further development of the īŦeld. This proper management for the three īŦelds helped in increasing the daily production of the company with an average of 7000 bopd to attain a production of more than 20000 bopd.



True Zonal Isolation in Openhole Alternate Path Gravel Pack Completions By

Michael D Barry, SPE, Michael T. Hecker, SPE, ExxonMobil Development Company; Charles S. Yeh, SPE, Tracy J. Moffett, SPE, ExxonMobil Upstream Research Company

A

bstract

Openhole completions are often selected as the preferred completion technique to maximize reservoir flow potential and provide reliable, high capacity, low skin completions. With the advances of Alternate PathÂŽ Technology (APT), a full gravel pack can be realized under challenging well conditions to provide increased long-term reliability. One drawback to openhole gravel packs has always been the inability to isolate water or gas, whether it is during the initial completion or during the production lifecycle of the well. ExxonMobil embarked on a multiyear initiative to develop, qualify, and successfully deploy Shunt Zonal Isolation (SZI) packer technology that, when combined with Internal Shunt Alternate Path Technology (ISAPT) screens, can provide true zonal isolation in an openhole gravel pack completion.

The new openhole technology enables greater extended drilling to capture additional pay, selective completions to isolate zones, and production flow control inside the screen basepipe similar to cased hole

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conditions. True zonal isolation in openhole gravel pack completions facilitates more flexible well planning and operational execution while maintaining reliable sand control. This paper will explore the range of application opportunities this new technology presents.

the openhole section of the wellbore. Using an eccentric 2x2 shunt system, APT utilized with the NAFPacÂŽ gravel packing process has proven to be extremely reliable in completely packing the openhole annulus while delivering reliable, high rate, openhole completions (Hecker, 2004).

Background

Although routinely deployed, the current eccentric 2x2 Alternate Path screens have both technical and operational limitations. These include: īƒ¸ Maximum shunt system working pressure of 3,000 psi which limits the packable length to ~3,200 ft pumping using xanthan based carrier fluid īƒ¸ Risk of shunt tube plugging with two independent tubes extending the length of the completion īƒ¸ Complexity of rigsite connection make-up as oriented connections and cross-coupling jumper tubes are required īƒ¸ Deployment exposure dictates that an outer shroud must be incorporated in openhole applications to protect the shunt tubes while running in the hole īƒ¸ Challenges associated with designing an isolation packer

As operators continue to develop prospects in remote and / or deepwater environments, delivery of high capacity, long life wells becomes essential for economic success. High angle, openhole completions are often selected to maximize production and reserve capture. Standalone screen applications may often times be the least expensive and simplest form of sand control, but the formation characteristics may dictate that a gravel pack is necessary. If poorly sorted unconsolidated formations are encountered, gravel packing is often deemed necessary. Circulating water packs, or alpha / beta gravel packs, have been used worldwide, but may be challenged to achieve a complete gravel pack in certain applications. In order to achieve a complete gravel pack in such environments, APT has often been employed to fully pack

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capable of being set in an enlarged, irregularly shaped openhole ďƒ¸ Technical and operational challenges associated with installing and setting openhole packers to provide zonal isolation prior to commencing gravel packing operations It was clearly recognized that further extension and integration of APT capabilities with complementary completion technologies would be needed to fully exploit the far more challenging operating environments. New sand control screen and openhole packer technology has been developed, qualified, and successfully deployed following a five year collaborative effort between ExxonMobil and selected suppliers. Together ISAPT screens and SZI packers extend openhole packable length, increase shunt tube redundancy across the entire interval, improve rigsite installation efficiency, and enable true and selective zonal isolation in an openhole completion.

Opportunity Identification

As noted above, one of the drawbacks of open hole gravel pack (OHGP) completions has typically been the inability to shut off undesired water or gas. The ISAPT screens and SZI packers allow an operator to compartmentalize the openhole completion and provide flexibility for future intervention operations. Barry et al. (2007) identified several opportunities where true zonal isolation in openhole gravel packing could be beneficial. Below is a recap of the opportunities. Opportunity 1: Isolating Mid-Zone Water / Gas With current technology, mitigation options to isolate midzone water or gas are quite limited. An operator could decide to complete the well as drilled and accept the constrained hydrocarbon production rates associated with the production

of the undesirable fluid (water and / or gas). Alternatively, the well could be plugged back and re-drilled to just above the identified water / gas zone. Although the undesirable fluid could be avoided, this technique is only partially effective as substantial hydrocarbon reserves from deeper horizons may be permanently lost. Shown in Fig. 1, ISAPT screens, along with SZI packers and specially designed shunted blank pipe, can be configured and run into the openhole to straddle the water / gas bearing intervals with the packers set in low permeability shale zones. After mechanically setting the packers, gravel packing operations commence packing the top zone first, skipping the blank section, and then fully packing the lower zone through shunt tubes. Opportunity 2: Isolating Gas / Water Breakthrough ISAPT screens with SZI packers that are pre-installed at strategic, low permeability intervals in the wellbore make it possible to effectively isolate water or gas breakthrough zones that may evolve over the course of routine production (Fig. 2). Straddle isolation tools are installed through intervention workover operations across problematic zones, resulting in true isolation of the undesirable fluid (gas or water). Opportunity 3: Stacked Pay, Openhole Gravel Packing Completions in stacked pay applications, such as the Gulf of Mexico, have typically been managed by leveraging cased hole completion techniques, such as frac packs (FP), high rate water packs (HRWP), or slurry packs. If the number of pay intervals and / or the distance between target zones is large, the operator is often driven to complete each zone separately. Wellbore diameter, casing size,

cementing, perforating effectiveness, pressure differentials, and fluid loss during the completion phase can all compromise the initial installation success, as well as, the eventual production performance and longterm reliability of the well. ISAPT screens with SZI packers can be used to complete the entire well in a single operation. The ISAPT screens, along with shunted blank pipe and SZI packers, are spaced out as necessary to isolate each pay zone interval and / or straddle zones containing undesirable water or gas. After mechanically setting the packers, gravel packing commences with the top zone packing first. The slurry jumps across each blank section, while fully packing all screened sections below in a single pumping operation. The resulting completion is shown in Fig. 3. Opportunity 4: Isolating Bottom Water When bottom water is encountered during the drilling phase, few operationally attractive and cost effective mitigation options are available. The operator can attempt to set an openhole plug (cement or openhole packer) to isolate the zone. Alternatively, the operator could choose to plug and abandon the openhole interval and then, with better geologic control, drill a sidetrack with the intent of avoiding penetration of the water zone. Regardless of the technique chosen, the required remedial action consumes significant time and results in substantial added cost. Fig. 4 shows how this new technology can be applied. The openhole can be drilled through the entire pay zone until the bottom water is encountered, thus maximizing the productive reservoir interval. The ISAPT screens are run with an openhole packer spaced out and located in a low permeability zone

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above the water contact (identified using the openhole log). After mechanically setting the isolation packer, gravel packing commences and all productive intervals are fully packed above the water zone. Opportunity 5: Selective Production The combination of ISAPT screens and SZI packers enables true zonal isolation in multi-zone, openhole gravel pack completions. In order to selectively produce from or inject into multiple zones, an isolation and flow control tool can be run and positioned inside of the completion string to maximize downhole operating flexibility. The isolation and flow control string (run with the production tubing) is equipped with multiple seals and open / close or adjustable flow ports between the seals as shown in Fig. 5. The seals are set in the polished bore section of each openhole packer. A common flow control involves sliding sleeves operated by either a shifting tool or hydraulic lines. The benefits of downhole operating flexibility include strategic production/injection allocation, water/gas shut-off and selective stimulation.

Design, Development, Qualification Process

and

Screen Development The new internal shunt screen design is an extension of field proven Alternate Path Technology. The ISAPT screens incorporate nine round shunt tubes (six transport tubes and three packing tubes) protected by the wire wrap (Barry 2007, Fig. 6). The wire wrap is applied using direct wrap screen technology (Moen 2001). The transport tubes are nonported and run continuous throughout the length of each joint. The packing tubes are closed at the bottom of each screen joint and contain nozzle rings spaced along the length of the joint approximately 6 ft apart. At each

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nozzle ring, three discharge nozzles are phased 120 degrees. At the top of each joint of screen, a manifold is present where slurry from the transport tubes of the previous joint is redistributed and can flow into any of the transport or packing tubes of the next joint of screen (Yeh 2008, Fig. 7). The transport tubes and packing tubes are no longer coupled as in the previous eccentric 2x2 design. This coaxial manifold increases shunt redundancy and further reduces the risk of shunt plugging, thereby increasing the probability of a successful gravel pack over the entire length of a completion. This feature is particularly important in extreme length completion intervals requiring prolonged gravel packing and allows the bypassing of any localized plugging in a transport tube that may occur. The coaxial manifold not only reduces the risk of plugging a single shunt tube over the length of a completion, but it also simplifies field make-up by eliminating the need for oriented connections and cross-coupling jumper tubes of the eccentric 2x2 design. The ISAPT screen connection is based on a standard premium connection with a concentric outer sleeve facilitating easy rig floor makeup similar to conventional tubing handling operations. By migrating from rectangular to round shunt tubes, the working pressure of the shunt system increases from 3,000 to 6,500 psi. The shunt system of the ISAPT screens has been tested to 10,000 psi. With this increase in working pressure, a length of 5,000 ft can now be packed using xanthan based carrier fluid extending the packable length limit by more than 50%. Extensive component testing, computer modeling and simulation, followed by full scale prototype testing

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were conducted to ensure viability of the technology (Fig. 8). Also, several key objectives were established and met including confirmation of problem-free make-up of multiple screen connections, the effectiveness of the newly developed equipment handling system, enhanced screen running efficiency, verification of the shunt tube friction pressure models, as well as confirming the ability to obtain a complete gravel pack across the entire length of the internal shunted screens in a high angle wellbore.

Packer Development

The technical challenges associated with the openhole packer primarily centered on a meeting a few fundamental functional requirements. First, it was deemed essential that the openhole packer needed to be fully actuated and set prior to initiation of gravel pack operations. Packers set in the openhole after gravel packing with high permeability proppant, may not be able to obtain a competent pressure containing seal and thus prove to be a conduit for continued production of undesirable water or gas over the production life of the well. Although a simple barrier to flow may be adequate in some applications, true zonal isolation and pressure sealing capability was desired to provide maximum longterm wellbore functionality. Secondly, the packer would need to be capable of setting and sealing in an enlarged, irregularly shaped openhole section. Data obtained from numerous openhole gravel packs installed in fields around the world confirmed our concern that drilling in weak, unconsolidated formations can result in substantially enlarged boreholes, often 15 to 30% greater than gauge hole, even when state-of-the-art


drilling fluids and drilling techniques are employed. Additionally, our common practice when installing APT equipment has been to ream while drilling the openhole section, typically using an 82/1- x 92-/1-in. bit and reamer. This provides a larger hole to facilitate screen installation, provide adequate proppant sheath around the screens, and provide a larger hole to maximize reservoir production potential. The design of the SZI packer employs two opposing rubber cup seals that provide bi-directional sealing in the open hole while allowing an alternate path for gravel packing after setting the packer (Fig. 9, Hecker 2011). The cup seal is activated using energy stored in an atmospheric chamber, which is retained by an interlock system. Once the interlock system is released, the force generated by hydrostatic pressure acting on a piston area associated with the atmospheric chamber begins the packer element setting sequence. To avoid shock loading, the speed of packer set is carefully controlled by metering the fluid into the atmospheric chamber. During the setting sequence, the packer is first centralized which aids the ability of the cup to fully set and distribute the load on the seal generated by differential pressure across the packer elements. The design of the cup element allows a seal to be formed in an oval or irregularly shaped hole using a 24–independent point, clutch protected deployment system. The clutch mechanism is designed such that it imparts a controlled force into the rubber element sufficient to form the seal against the borehole wall, while avoiding damage to the cup should excessive load be applied during the setting process (Hecker 2011).

QualiīŦcation – Field Installation Strategy and Results After the completion of an extensive testing and qualification program of both the ISAPT screens and SZI packer, the following objectives were established for the initial field installations: īƒ¸ Verify ease of the new screen handling / make-up equipment during field installation īƒ¸ Assess ISAPT screen make-up times and compare to that of the eccentric 2x2 APT screens īƒ¸ Verify drag estimates for running a completion equipped with ISAPT screens and SZI packers īƒ¸ Verify proper setting of the SZI packer īƒ¸ Assure full gravel pack placement using the ISAPT screens and SZI packer īƒ¸ Verify shunt tube friction of the ISAPT screens and compare to eccentric 2x2 system field data and ISAPT qualification tests A phased, three-step installation program, with ever increasing complexity and specific well objectives, was developed and executed to fully qualify the system (Hecker 2010; Hecker 2011). īƒ¸ Phase I: Install ISAPT screens (without packer) in a long (2,200 ft), high angle (90°) openhole gravel pack (OHGP) Successfully achieved in Angola (September 2009) ● All screens made up properly ● Successful use of primary, high capacity equipment handling system for long length applications ● Screens successfully run to TD, drag models verified ● Complete gravel pack ● Verified shunt friction pressure as expected (1.6 psi/m at 5.1 bpm) īƒ¸ Phase II: Install ISAPT screens

with a single SZI packer in a short (140 ft), low angle OHGP Successfully achieved in Chad (November 2010) ● Packers and screen successfully run to TD ● Successful use of alternate, equipment handling system for short length applications ● Positive indication of packer setting ● Evidence of complete gravel pack above packer prior to diverting to shunts ● Interval below packer fully gravel packed through shunt tubes ● Complete gravel pack īƒ¸ Phase III: Install ISAPT screens with two SZI packers in a long (2,743 ft), high angle (88°) OHGP Successfully achieved in Angola (February 2011) ● Packers and screen successfully run to desired depth ● Both packers successfully set ● Shunt tube friction pressure response as expected ● Shunt tube responses provided clear indication of packing below each packer ● Gravel placed through the shunt tubes as expected ● Complete gravel pack The performance of the ISAPT screens, SZI packers, and handling equipment met or exceeded all key objectives established prior to the installations and validated the robustness and capabilities of the system. The initial field installations confirmed that: īƒ¸ All of the ISAPT screens and SZI packers can be made up properly and efficiently īƒ¸ The newly designed, fit-for-purpose, equipment handling systems were

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īƒ¸

īƒ¸

īƒ¸

īƒ¸

īƒ¸

effective The packer shifting tools successfully initiated the packer setting sequence by shearing the release sleeves and allowing hydrostatic pressure to first centralize and then set the packer elements Multiple openhole packers can be activated and successfully set in a well The shunt friction pressure through the entire screen and packer system was as expected Successful gravel packing of the entire openhole annulus both above and below the SZI packers 5,000+ ft gravel pack completions are achievable based on pressure response and friction loss through the shunt system

These initial installations have proven to be the confirmation of the strategic vision of extreme length, openhole gravel pack completions with true and selective zonal isolation. These installations have also provided the validation to pursue further design and development enhancements and the confidence to embark on more challenging field installation opportunities.

Future Applications

The success of the initial field applications, the effectiveness of the openhole packers, and the verification of the pressure response through the ISAPT shunt system has confirmed the viability of extreme length, openhole gravel packing with zonal isolation to 5,000+ ft. This effort results in a substantial extension beyond what has been achievable to date with the conventional 2x2 APT screen system (Hecker 2010, Fig. 10). This extension has been largely driven by the increased pressure capacity of the shunt system and the ability to develop an openhole packer that provides true zonal isolation.

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Continued industry efforts to identify and refine various gravel pack carrier fluid systems (Samyak, 2010) suggests that the packable length of the ISAPT screen system can likely be further extended to beyond 6,000+ ft. This is by virtue of new gravel pack carrier fluids that have inherently lower unit friction pressures than the systems currently being used by some operators. Openhole gravel pack completions utilizing ISAPT screens and SZI packers have enabled true zonal isolation in the wellbore annulus. Further enhancements that are currently being pursued include selective production control of multiple pay zones by incorporating sliding sleeves and inflow control devices (ICD) into the ISAPT screen design. This emerging technology, historically used in standalone screen or cased-hole completion applications, could be incorporated into the ISAPT openhole gravel pack completion equipment to provide selective, production flow control capability. With advancements in wireline tractor, coiled tubing, and the light weight intervention vessel capabilities currently being progressed for deepwater applications, the ISAPT with ICD and sliding sleeve technology is expected to enable enhanced reservoir management capabilities, while providing efficient and cost effective through tubing intervention options to control the production of undesired fluids over the life of the well. Another option to facilitate the flow control capability in the ISAPT system is to incorporate ICD capabilities into an isolation string run inside the screen basepipe (Hecker, 2011). Both sliding sleeves and inflow control devices, along with appropriately spaced seals, can be incorporated into an isolation string. The isolation string is then run

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inside the basepipe of ISAPT screens to position the seals across from either the SZI packers or the shunted blanks (Fig. 5) to enable subsurface flow control in conjunction with the benefits and reliability of openhole gravel pack completions.

Conclusions

ISAPT screens and SZI packers deliver differentiating completion capabilities that extend gravel packing length and provide true and selective zonal isolation capabilities in an openhole gravel pack completion. Together, they provide the operator with advanced completion tools that enhance installation efficiency and enable improved reservoir management opportunities over the lifecycle of the well. Development and further expansion of the ISAPT platform will continue to provide the operator with a wide array of innovative, fit-for-purpose, and field proven completion tools that can be employed to meet the specific functional requirements of the well.

Acknowledgements

The authors would like to thank the management of ExxonMobil Development Company and ExxonMobil Upstream Research Company for allowing the publication of this paper. Exxon Mobil Corporation has numerous subsidiaries, many with names that include ExxonMobil, Exxon, Esso and Mobil. For convenience and simplicity in this paper, the parent company and its subsidiaries may be referenced separately or collectively as ÂĢExxonMobil.Âģ Abbreviated references describing global or regional operational organizations and global or regional business lines are also sometimes used for convenience and simplicity. Nothing in this paper is intended to override the corporate separateness of these separate legal entities.


References

Barry, M. D. et al. 2007. Openhole Gravel Packing with Zonal Isolation. Paper SPE 110460 presented at the SPE Annual Technical Conference and Exhibition, Anaheim, November 1114-. Hecker, M. T. et al. 2004. Reducing Well Cost by Gravel Packing in Non-aqueous Fluid. Paper SPE 90758 presented at the SPE Annual Technical Conference and Exhibition, Houston, September 2629-. Hecker, M. T. et al. 2010. Extending Openhole Gravel Packing Capability: Initial Field Installation of Internal Shunt

Alternate Path Technology. Paper SPE 135102 presented at the SPE Annual Technical Conference and Exhibition, Florence, Italy, September l9 - 22. Hecker, M. T. et al. 2011. First Installation of Alternate Path Openhole Packer Providing True Zonal Isolation in Openhole Gravel Packs. Paper SPE 146361 presented at the SPE Annual Technical Conference and Exhibition, Denver, Colorado, October 30 November 2. Moen, T. et al. 2001. A New Screen Concept: No Longer the Weakest Link of the Completion Screen. Paper SPE 68937 presented at the SPE European

Fig. 1—Isolating Mid-Zone Water / Gas.

Formation Damage Conference, The Hague, May 2122-. Samyak, J. et al. 2010. Friction Pressure Performance of Commonly Used Viscous Gravel-Packing Fluids. Paper SPE 134386 presented at the 2010 SPE Annual Technical Conference and Exhibition, Florence, Italy, September 19 - 22. Yeh, C. S. et al. 2008. Unlocking the Limits of Extreme Length in Alternate Path Gravel Packing. Paper IPTC 12549 presented at the 2008 International Petroleum Technology Conference, Kuala Lumpur, Malaysia, December 3 - 5.

Fig. 2—Isolating Water / Gas Breakthrough.

Fig. 4—Isolating Bottom Water. Fig. 3—Stacked Pay, Openhole Gravel Packing.

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Fig. 6—Cross-Section of ISAPT Screen. Fig. 5—Selective Production with Inner String and ICDs.

Fig. 7—ISAPT Design: Multiple Shunt - Manifold System. 40 Petroleum Today

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Fig. 8—Full Scale Gravel Pack Simulation.

Fig. 9—Shunt Zonal Isolation (SZI) Packer.

Fig. 10—Openhole gravel packing with Alternate Path Technology Actual APT experience to date and projected ISAPT capability.

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Egyptian Natural Gas Holding Company ÂĢEgasÂģ 2012 International Bid Round Main Contract Terms And Conditions 1. TYPE OF CONTRACT: The Contract shall be a Production Sharing Agreement “PSA” Model. Contractor undertakes all risk to explore and develop both Gas and Crude Oil.

In case Contractor elects to dispose all or part of its production share of Gas and excess cost recovery Gas (if any) by itself for the local market, Contractor shall bear and pay Royalty and Egyptian Income Tax for such Gas.

2. PARTIES TO THE CONTRACT:

5. CONTRACT PHASES:

The parties to the PSA shall be The Government of Arab Republic of Egypt, The Egyptian Natural Gas Holding Company (EGAS) and Contractor.

a. EXPLORATION PHASE: (Competitive)

3. CONTRACTOR: Contractor could be either an individual Petroleum Exploration Company or a group of companies. Contractor shall submit a separate offer for each block if it bid for more than one block. 4. ROYALTY & INCOME TAXES: EGAS shall bear and pay out of its share, on behalf of the Contractor: a. Royalty. b. The applicable Egyptian Income Tax.

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The duration of the total Exploration Phase shall be specified in the offer, for Blocks (1, 2, 3, 4, 5 and 15) shall not exceed (6) years and shall be divided into two Exploration Periods and for Blocks (6, 7, 8, 9, 10, 11, 12, 13 and 14) could be up to eight (8) years and may be divided into two or three Exploration Periods.

No. 66 of 1953, as amended ,and the Contractor should submit also the Development Lease Application which should comprise the extent of the whole area capable of production to be covered by the Development Lease and mutually agreed upon by EGAS and Contractor, the destination of the disposed Petroleum, the Petroleum reserves and the Commercial Production Commencement and subject to the approval of the Minister of Petroleum.

b. DEVELOPMENT PHASE:

In case of requesting a Gas Development Lease, the application should include in addition to what stated above, the Gas price which shall be agreed upon by EGAS and Contractor on the base of technical and economic factors for Developing area before the Minister of Petroleum approval of the Development Lease.

Following a Commercial Discovery of Oil or Gas, the Contractor should submit to EGAS a Development Plan including the clearance plan of the Development area ,abandonment procedures in accordance with Law

The duration of each development lease whether for Oil or Gas shall be twenty (20) years from the date of the development lease approval, and it may be extended up to 5 years “Five Years Extension” (unless otherwise agreed

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upon by EGAS and contractor In case of Blocks 8, 9, 10, 11, 12, 13 and 14) upon Contractor’s written request supplemented by a complementary Development or Production Plan to EGAS and subject to the Minister of Petroleum approval. In case Contractor failed to submit the Development Lease Application within one (1) year (in case of onshore blocks) or three (3) years (in case of offshore blocks) from the Date of Contractor’s notification to EGAS of Commercial Discovery of Oil or Gas, as the case may be, (unless otherwise agreed upon by EGAS) the Contractor is committed to immediately surrender the area containing such Oil or Gas reserves to EGAS. In the event no Commercial Production of Oil in regular shipments or Gas in regular deliveries, have started from any Oil or Gas Development Lease in accordance with the specified items in the granted Development Lease, the Contractor shall, immediately surrender the petroleum reserves and relinquish the relevant Development Lease(s) (unless otherwise agreed upon by EGAS (. Such relinquished area is considered to be contained of the Contractor’s relinquishments obligations at the end of the then current Exploration phase;if any. 6. RELINQUISHMENT: (Competitive) The Contractor shall relinquish at the end of the first Exploration Period a minimum of ----% (not less than 30%) of the original area in a single unit, then: - The remaining area shall be relinquished by the end of the second Exploration Period (except those parts that have been converted into Development Lease(s)) in case the Exploration Phase divided into two Exploration Periods.

or - The Contractor shall relinquish a minimum of ----% (not less than 20%) of the original area in a single unit at the end of the second Exploration Period and then the remaining area shall be relinquished at the end of the subsequent Exploration Period (except those parts that have been converted into Development Lease(s)) In case the Exploration Phase divided into three Exploration Periods. In any development lease, whether for Oil or Gas, the Contractor upon EGAS review shall relinquish development blocks not producing or not contributing to production at the end of three (3) years period from the Commercial Production Commencement Date. Following to that there will be a periodical revision every three (3) years during the development lease period, in order to relinquish any development block(s) not producing or not contributing to production in the same development lease. 7. MINIMUM WORK PROGRAM AND FINANCIAL OBLIGATIONS: (Competitive) For each Exploration Period, the bidders shall offer the minimum exploration program (seismic survey and number of exploratory wells) and its expected relevant financial commitments. Any technical activities and actual financial expenditure approved by EGAS in excess of the minimum obligations during any Exploration Period shall be carried forward to the subsequent Exploration Period and offset against the minimum technical and financial commitment for such Exploration Period.

Upon EGAS’ notification and before the final signature date of the Agreement; the Contractor shall submit a letter of Guarantee for the minimum financial commitment of the first Exploration Period. A similar letter(s) of Guarantee shall be required if Contractor elects to enter the subsequent Exploration Period(s). 8. COST RECOVERY: (Competitive) Contractor recovers its cost out of â€Ļ percent (â€Ļ %) of the total production. Exploration and Development expenditures shall be recovered within a minimum of (â€Ļ) years, but not less than five (5) years. 9. EXCESS COST RECOVERY: - In case of Blocks (1, 2, 3, 4, 5, 6, 7 and 15) the excess cost recovery ,if any, shall be belong to EGAS. - In case of Blocks (8, 9, 10, 11, 12, 13 and 14) the excess cost recovery (if any) shall be Competitive and divided between EGAS and Contractor provided that EGAS’ share should not be less than 75%.

10. PRODUCTION SHARING: (Competitive) After deducting the cost recovery percentage; the remaining percentage of petroleum shall be divided between EGAS and Contractor based on Brent Price (quarterly average) and according to the Production tranches shown in the following table which the bidder shall fill abiding by the specified tranches and submit in the bid provided that EGAS’ share should not be less than 60% at Brent Price less than or equal 40 US$ at the 1st Production trench.

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A. EGAS’ Share of Crude Oil and Condensate :

B. EGAS’ Share of Gas and LPG :

Crude Oil produced and saved under this Agreement and not used in Petroleum operations. Barrel of Oil Per Day (BOPD) (quarterly average) Brent Price US$/bbl

less than 5 000 BOPD

from 5 000 BOPD and less than 10 000 BOPD

from 10 000 BOPD and less than 20 000 BOPD

Less than or Equal to 40 US$

Brent Price US$/bbl

from 100 less than Million SCFPD 100 Million and less than SCFPD 250 Million SCFPD

from 250 Million SCFPD and less than 500 Million SCFPD

equal to or more than 500 Million SCFPD

Less than or Equal to 40 US$

More than 40 US$ and less than or equal to 60 US$

More than 40 US$ and less than or equal to 60 US$

More than 60 US$ and less than or equal to 80 US$

More than 60 US$ and less than or equal to 80 US$

More than 80 US$ and less than or equal to 100 US$

More than 80 US$ and less than or equal to 100 US$

More than 100 US$ and less than or equal to 120 US$

More than 100 US$ and less than or equal to 120 US$

More than 120 US$ and less than or equal to 140 US$

More than 120 US$ and less than or equal to 140 US$

More than 140 US$ and less than or equal to 160 US$

More than 140 US$ and less than or equal to 160 US$

More than 160 US$ and less than or equal to 180 US$

More than 160 US$ and less than or equal to 180 US$

More than 180 US$ and less than or equal to 200 US$

More than 180 US$ and less than or equal to 200 US$

More than 200 US$

More than 200 US$

11. BONUSES: “non recoverable” a. SIGNATURE BONUS: (Competitive) It shall be transferred to EGAS account upon EGAS’ notification to the Contractor after the issuance of the relevant law and before Signing the Concession Agreement. b. DEVELOPMENT LEASE BONUS: Contractor shall pay to EGAS as a Development Lease Bonus the sum of US$ 25 000 for each Development Block (1 x1 ) on the approval date of each Development Lease.

MMUS$ 5,000 BOPD or its equivalent -------------------------10,000 BOPD or its equivalent -------------------------20,000 BOPD or its equivalent -------------------------25,000 BOPD or its equivalent -------------------------d. FIVE YEAR EXTENSION BONUS: (Competitive) Five year extension bonus shall be due upon the approval date of The Government on the Contractor’s request. e. TRAINING BONUS: (Competitive)

c. PRODUCTION BONUS: (Competitive) Contractor shall pay to EGAS the following production bonuses at the following production rates:

46 Petroleum Today

equal to or more than 20 000 BOPD

Gas and LPG produced and saved under this Agreement and not used in Petroleum operations. Standard Cubic Feet per Day (SCFPD) (Quarterly average).

During any exploration period, the Contractor shall pay to EGAS the sum of US$ ------ (not less than US$ 150,000) at the beginning of each financial year to cover the training of

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EGAS’ employees. f. ASSIGNMENT BONUS: The following Assignment Bonus shall be paid by Contractor to EGAS on the Government’s approval date of each assignment and upon EGAS’ notification to the Contractor: â€ĸ The Assignment Bonus in case of assignment to a third party(ies) shall be according to the following: I. During any Exploration period(10%) of the value of the total financial commitment of the then current Exploration period and according to the assigned percentage ; II. During any Development phase, (10%) of the value of each assignment deal which could be any of the following: â€ĸ The financial value to be paid by the Assignee to the Assignor; or


â€ĸ The financial value of shares or stocks to be exchanged between the Assignor and the Assignee; or â€ĸ The financial commitments for the development technical programs; or â€ĸ The financial value of the reserves, to be swapped between the assignor and the assignee, from the Development Lease(s) areas; or â€ĸ Any other type of deal to be declared by the Contractor. III. In case of assignment during an Exploration Period and after discovery of a Commercial (Oil or Gas) Well or a Development Lease was granted to the Contractor of an area; the value of the assignment bonus will be the sum of the value of both Assignment Bonuses mentioned in (i & ii) above. â€ĸ In case of each assignment to an affiliated company (ies) of the same Contractor member, the Assignment Bonus shall be the Sum of US$ 150000. 12. ASSIGNMENTS Neither Contractor nor Contractor member(s) may assign to a person, firm, corporation or affiliated company in whole or in part, any of its rights, privileges, duties and obligations under the contract without the written approval of the Government. Except in case of assignment to an affiliated company of the same Contractor member, priority shall be given to EGAS to obtain Contractor’s share intended to be assigned. The assignor must submit all reasonable documents that evidence the assignee>s financial and technical competence which will be subject to EGAS’ and concerned authorities’ acceptance.

13. Disposition of Gas , LPG and Crude Oil: - Priority shall be given to meet the local market needs for Gas, LPG and Crude Oil as determined by EGAS. - CONTRACTOR may elect to dispose all or part of its Gas of production share and excess cost recovery (if any) by itself for the local market, provided that the CONTRACTOR should submit the application to EGAS to obtain the A.R.E. competent authorities’ approval on Gas quantities and price. And CONTRACTOR shall bear Egyptian income tax and royalty for such Gas. - In case EGAS and Contractor agree on exporting Gas, they should obtain the A.R.E. competent authorities’ approval on the Gas quantities allocated for export and the price for such Gas. 14. VALUATION OF GAS: 1. In case the Contractor’s share of gas (cost recovery, production share and excess cost recovery (if any)) is disposed of for the local market; according to a Gas Sales Agreement between EGAS and CONTRACTOR (as sellers) and EGAS (as buyer) it shall be valued, delivered to and purchased at a price, which should be agreed upon by EGAS and Contractor on the basis of technical and economic factors for Developing area such as water depth, reservoir depth, the actual expenditure and expected investments over the Development project lifetime, proven and probable Gas reserves , internal rate of return on investment to achieve the interests of the parties and the prevailing applicable Gas

price in the concessions of similar conditions and stated in the relevant development lease before the Minister of Petroleum approval of the Development Lease . 2. In case gas is disposed of for export by EGAS or EGAS and Contractor, gas shall be valued at the net back price. 3. Take or pay & deliver or pay shortfall gas concepts shall be applied. 15. MANAGEMENT OF OPERATIONS During the exploration Periods an Exploration Advisory Committee consisting of equal number of representatives from Contractor and EGAS, shall discuss and recommend proposed annual work program and budget to EGAS for approval. During a period of not less than three (3) months prior to commercial production commencement stated in Development Lease for Crude Oil or Gas, EGAS and Contractor shall meet and agree on the formation of the Joint Venture Company that will conduct the operations. The name of Joint Venture Company will be approved by The Minister of Petroleum. 16. Local Preference of GOODS AND SERVICES The Contractor shall give preference to the use of Egyptian Goods and Services (design, material, construction, engineeringâ€Ļetc.) subject to quality, availability and competitive pricing. 17. APPLICABLE LAW AND ARBITRATION The Egyptian laws shall be the applied law in enforcing the terms of the Agreement. Arbitration procedure shall be governed by the Arbitration rules of the Cairo Regional Center for International Commercial Arbitration.

Petroleum Today

- November 2012

47




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UDWLRQDOL]H VXSSRUW RI SHWUROHXP SURGXFWV KDV EHFRPH LQHYLWDEOH %\ 0DJG\ %HQGDU\

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upporting petroleum products from gasoline and gas pipes is still formatting largest number in the budget support provided by the government to its citizens as at the same time is a bigger challenge for successive governments as a big burden on the state budget because it ranks īŦrst in terms of the volume of targeted support, according to data on Planning Institute and many statistics and economic and īŦnancial centers that show that the value of Subsidizing petroleum products bill has jumped dramatically over the past ten years increased the value of this support from 10.2 billion pounds in 2001 to reach 40.1 billion pounds in 2006 and then jumped to 62.7 billion pounds in 20102011/ and more than 95 billion in budget īŦscal year 2011- 2012 before being reduced by the Military Council to 70 billion in 20122013although the value of the īŦscal bill is more than 114 billion pounds due to the surge in world oil prices and where this increase in numbers subsidizing petroleum products to the continuous increase in domestic consumption with insufīŦcient domestic production, particularly of butane and diesel products, forcing the government

50 Petroleum Today -

represented by the Ministry of Petroleum and Mineral Resources to purchase foreign equity by the world prices to meet the growing needs of the citizens. ÂĢRationalizing energy subsidies from petrol and gas has become inevitable ÂĢ This is conīŦrmed by reality now and which is witnessing increasing terrible budget deīŦcit of the country and the growing appetite of traders and brokers and smuggling maīŦa from achieving īŦctional proīŦts through trade in subsidized petroleum products and sell it in the black market and not least because of the dumping Devices Security and control from time to time on the gangs and individuals on charges of smuggling of petroleum products ÂĢdiesel and gasolineÂģ in order to sell them on the black market.

November 2012

There were certain indicators that mechanisms rethinking support for energy and rationalization become irreversible in the new year as it became clear when the Military Council set the īŦnancial budget for the new year and exit the draft budget with a reduction of petroleum products support about 25 billion pounds which included 2012 – 2013 budget allocation of 70 billion pounds for petroleum products instead of 95 billion pounds in the previous budget, which rose with the actual use to more 114 billion pounds. This put President Mohamed Morsy, a dilemma for the new government to choose between the application of the policy to rationalize the support of petroleum products and carrying what may result from concern on the street or to continue in the form of temporary support with an


additional request to adopt the budget. In practice the government agreed in last November to raise support for petrol 95 octane and increased gasoline prices 95 (octane) for rates up to actual cost as the government announced the introduction of gasoline distribution through coupons beginning of next April through the distribution of quotas for cars even 1600 C. C. In what could be called the introductions and signs to rationalize support for petroleum products various remarks came from ofīŦcials and Ministries of Petroleum and Finance in the recent period to conīŦrm that there is no escape from the rationalization of energy subsidies through the reform and restructuring of system distribution of petroleum products backed gas medicine aware and gasoline and diesel fuel and gas pipes.

Minister of Petroleum Engineer Osama Kamal said that the delay in the application of rationalizing energy subsidies cost more than an additional 40 billion pounds over the provisions included in this yearâ€ēs budget to support the petroleum products Which is estimated at 70 billion pounds. The minister pointed out that the previous allocations indicate that each quarter in the year reached its share of 17.5 billion pounds while actually recorded in the īŦrst quarter of īŦscal year being alone 28 billion and it is expected that the same number in the second quarter, in the case of the survival of the situation for what it is without support mechanisms to rationalize petroleum products. He added that it will not come down in the support value listed in the budget of this īŦscal year, where

it had been placed on the basis of the start of restructuring support from early last July, which has not yet been partly due to the lack of completion of the studies on how and mechanisms rationalize fuel subsidies, and how it could reach beneīŦciaries. Minister of Finance Dr. Momtaz Al-Saeed remarks are the other came to conīŦrm that the rationalization of energy subsidies is essential, he said in numerous press statements that the support of petroleum products go from about 40 billion pounds for brokers and intermediaries and does not reach the target groups. He added that support gets about 27% of the size of the country’s budget, pointing out that it has reached the stage of risk and needs to rationalize policy support, Minister of Finance added during the session for the Shura Council, which was discussing the

Petroleum Today -

November 2012

51


initial report of the Committee on Financial and Economic Affairs on ÂĢstructured supportÂģ that the country is now considering how to access support to those who deserve it real, saying that owners of wealth must take petroleum materials without the support of that will raise for petrol 95 during days. He also said ÂĢThe government is now looking to everyone who deserves to pass on his support tube butane as well as the case for support gasoline and diesel.Âģ Engineer Hany Dahy Executive President of the General Authority for Petroleum has said in a press statement that an agreement was reached between government ministries to begin the experience of distributing coupons butane generally on the level of the Republic before the onset of the winter season in which they appear the problem of a shortage in supply of butane clearly.

He revealed the intention of the Petroleum identify consumers of diesel accurately, from peasants and agricultural pumps through microbuses drivers and factories to ensure accurate mapping allows the body to select different rates for diesel and calculate the impact of any steps to increase prices.

He added that the Petroleum Authority has conducted detailed studies about the devaluation of support by 50% over 3 years and bringing it to 20% after 5 years but requires the participation of community before they are approved, even if it took a referendum, warning situation continues as it is.

As for the mechanism of butane pipe rack system will be concluded coupons where Investors Association LPG Bottling plants had an agreement with ÂĢMinistry of SupplyÂģ, ÂĢEGPCÂģ andÂģ PETROGASÂģ to start the application Coupon System during the coming period to cover all parts of the Republic.

The mechanisms included energysaving plan for gasoline, Minister of Petroleum Engineer Osama Kamal said that determining the quantities of gasoline distributed through smart cards will be subject to the type of car and the gasoline used and price differences between the types of gasoline used.

Dr. Mohamed Saad El-din, head of Investors Association factories īŦll gas - during a meeting of the Association said that the system is primarily designed to deliver support to those who deserve it, away from the black market and bullying that we see in the crisis distribution cylinders, which rears its head at this time of all year.

Minister of Petroleum explained that it is likely to be 1800 liters per year, 10 thousands liters for buses and trucks used for diesel.

He noted that the Coupon System will be distributed to ration cards so that you get every family number

52 Petroleum Today -

November 2012

three individuals on the coupon to exchange discs and īŦve members receive on 2 coupons to exchange cylinders per month, explaining that the value of this coupon īŦve pounds, compared the actual cost of the cylinder, and up to 55 pounds is the size of cost the Coupon will be distributed for the average consumer to 25 pounds are also supported by 50% of the state, which will end the crisis completely. He added that the volume of our consumption nearly 4 million tons butane annually locally producing almost two million tons are imported almost two million tons from abroad and price ranges between $700 and $900, which means that the Country bears approximately 4 to 5 thousand pounds per ton for a total cost of 15 billion pounds worth of cylinder’s support up to 350 million cylinders per year. Saad El-Din asked Dr. Kandil government to support consumer and not the item pointing that the system is placed globally, pointing out that stakeholders seek to impede the grounds that it represents a burden on low-income and poor which is not true.


Egypt’s exports of natural gas raised about 7.54% in 9 months

I

nformation and support center and decision makers of the Council of Ministers revealed rise of Egyptâ€ēs exports of natural gas and its derivatives during the īŦrst nine months of this year, including representing 7.54% to the tune of one billion and 418 million dollars compared billion and $ 319 million during the period the same from 2011 to rise by $ 99 million. The Center said in its economic and social indicators bulletin economic that the rate of production of natural gas during the period from January to September 2012 rose slightly by 0.05% to up to 34 thousand and 497 tons compared to 34 thousand and 481 tons during the comparable period. And the bulletin showed that domestic consumption of natural gas increased during the period by 74.7% to 29 thousand and 691 tons against 27 thousand and 558 tons during the īŦrst nine months of 2011 also increased consumption of electricity from natural gas consumers during this period of the year by about 2.1% to a

record 3 t 59% versus 1 t 58% during the same period of last year. In the crude oil sector and petroleum products bulletin pointed to fall in the value of Egyptian exports of crude oil and petroleum products during the period from January to September last two rose 2.14% to the tune of about 4,000,196 thousand compared to $ 4,000,687 thousand dollars during the īŦrst nine months of the year past. The bulletin also noted the rise in crude oil production and condensate

and LPG by 3 t 1% during the īŦrst nine months of this year to record about 26 thousand and 453 tons against 26 thousand and 121 tons during the comparable period. The bulletin pointed out indicators of social and economic status increase domestic consumption of petroleum products, including 5.1 per cent to reach 24 thousand and 606 tons in the period from January to September 2012 compared to 24 thousand and 245 tons during the corresponding period of 2011.

Petroleum Today -

November 2012

53


Atlas Copco launches a full range of nitrogen and oxygen generators Emad Fawzy, Regional Business Line Manager - Industrial Air Division emad.fawzy@eg.atlascopco.com Mobile: +2 0122 2408866 Ahmed Helmy, Product Marketing Manager - Industrial Air Division ahmed.helmy@eg.atlascopco.com Mobile: +20 010 1011 105 Atlas Copco introduces 3 ranges of nitrogen and oxygen generators for on-site gas generation. With these innovative gas generators, companies can expand their existing compressed air installation to generate their own nitrogen and oxygen. An independent supply of RQ VLWH JDV FDQ UHDOL]H VLJQLÂÅŧFDQW economies of scale as well as save on operational costs. Atlas CopcoÃĸ€™s new range of on-site gas generators are designed to meet the highest purity standards and run economically for both large and small applications. On-site gas generation is more sustainable and cost-efďŚ cient than gas delivered in cylinders or bulk liquid supply, as it eliminates the operational and administrative costs of ordering, transporting, storing and delivering the bottles or bulk liquid into cryogenic tanks. With an independent supply of nitrogen and oxygen, companiesÃĸ€™ gas demand is always met in time, at the lowest cost. Koen Lauwers, Vice-President Marketing of Atlas CopcoÃĸ€™s Industrial Air Division comments: Ãĸ€œWith these new ranges of gas generators, our customers will dramatically increase their productivity. We help them to discover untapped saving potentials through economy of scale: combining their compressed air systems with the production of nitrogen and/or oxygen, serving their speciďŚ c needs.Ãĸ€?

Membrane nitrogen generators for HDV\ FRVW HIÂÅŧFLHQW JDV JHQHUDWLRQ Atlas CopcoÃĸ€™s membrane nitrogen generator (the NGM) is, thanks to its high efďŚ ciency and reliability, ideal for applications such as ďŚ re prevention, tire ination, tank and pipeline cleaning, and many other oil and gas, mining and marine applications. The NGM uses membrane air separation to produce nitrogen. A bundle polymer ďŚ ber acts as a membrane that allows nitrogen to pass and other gases (like oxygen, water vapor and carbon dioxide) to permeate. Compressed air goes in at the inlet and enriched nitrogen comes out at the other end of your nitrogen generator. Membrane technology generates nitrogen with an adjustable purity and ows up to 500 mÂł/h. PSA nitrogen generators for the highest purity For those applications that demand high purities of nitrogen (up to 99,999%), the Nitrogen Generator (NGP) with PSA technology is the recommended solution. Based on the Pressure Swing Adsorption (PSA) technology, carbon molecular sieves adsorb oxygen molecules from compressed air. The Nitrogen Generator has two connected towers that work together to produce an almost continuous ow of nitrogen

gas. The result: nitrogen purity levels up to 99,999% for ows up to 1100 NmÂł/h. Typical applications of the NGP are packaging, plastic molding, metallurgy, purging analyzers, electronics, fruit storage and food and beverage. PSA oxygen generators for reliable, on-site oxygen Oxygen is vital to processes in the medical world, in waste water treatment, ďŚ sh farming and ozone production. The OGP oxygen generator also makes use of PSA technology, with zeolite pellets that act as adsorbent. The output is oxygen with an adjustable purity between 90% and 95%, at ows up to 200 NmÂł/h. On-site nitrogen and oxygen as part of a total solution Atlas Copco now offers onsite gas generators which can be directly combined with an existing compressed air installation. With an independent supply of nitrogen and oxygen, companies can start saving on the operational and administrative costs of bulk and cylinder gas delivery. These 3 ranges of nitrogen and oxygen generators offer exactly the ows and purities that different industrial applications need. This way, Atlas Copco becomes a one-stop-shop for compressed air, gas and service.

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Visitors Adress : El Obour city 1st Ind. zone- part 7 block 13024 Cairo, Egypt

54 Petroleum Today -

November 2012

Phone: +202 46100337 / 8 - 46101770 /1 Fax:+202 46100341 www.atlascopco.com.eg

Reg. No.: 10411 Reg. OfďŚ ce: Nasr City



Industry At A Glance by Ali Ibrahim Table (1) World Crude oil Supply. Supply (million barrels per day).

U.S (50states)

OECD(1)

North sea(2)

OPEC(3)

OPEC (4)

world

9.62 9.50 9.31 9.82 9.98 10.42 10.66 10.76 10.72 10.75 10.76 10.67 10.86 10.83 10.76

21.26 21.08 21.55 21.00 21.52 21.16 22.12 22.38 22.51 22.50 22.28 22.36 22.37 22.18 22.27

3.07 2.95 2.86 3.55 3.07 3.34 3.41 3.29 3.33 3.42 3.33 3.32 3.25 3.12 3.19

34.63 34.91 34.95 35.12 35.50 35.27 36.11 36.30 36.33 36.49 36.65 37.13 36.94 36.50 36.61

33.05 33.1 33.15 33.20 33.50 33.12 34.2 34.8 34.1 34.9 34.95 35.22 34.6 34.75 34.96

86.19 86.19 86.02 86.60 86.52 87.48 88.80 89.36 89.25 89.03 88.99 89.41 89.27 88.58 88.98

May 2011 June July August September October November December Jan.2012 February March April May June July Source EIA

ÂĢOil SupplyÂģ is deīŦned as the production of crude oil (including lease condensate). Natural gas plant liquids, and other liquids, and reīŦnery processing gain. NA = no data available (1) OECD = Organization for Economic Cooperation and Development: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, South Korea, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United States. (2) North Sea includes offshore supply from Denmark, Germany, the Netherlands, Norway, and the United Kingdom. (3) OPEC = Organization of Petroleum Exporting Countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. (4) OPEC = Organization of Petroleum Exporting Countries doesn’t include Angola.

56 Petroleum Today -

November 2012


Table (2) World Proved Crude Oil Reserves, January 1, 2007 - January 1, 2012 Estimates. (Billion Barrels)

Region

2007

2008

2009

2010

2011

2012

212.534

211.559

209.910

NA

NA

NA

102.80

109.86

122.69

124.64

237.11

238.82

15.80

14.27

13.66

13.31

12.08

11.88

98.89

98.89

98.89

98.89

98.89

98.89

739.20

748.29

746.00

753.36

752.92

799.61

114.07

114.84

117.06

119.11

123.61

124.21

33.37

34.35

34.01

40.14

40.25

45.36

1,316.66

1,332.04

1,342.21

NA

NA

NA

North America Central & South America Europe Eurasia Middle East Africa Asia & Oceania World Total Source EIA

Table (3) World crude oil production.. ( Million Barrels Per day )

July 2011 August September October November December Jan.2012 February March April May June

Libya

Sudan

Egypt

OPEC(1)

0.1 0 0.1 0.3 0.55 0.8 1 1.2 1.35 1.4 1.4 1.4

0.571 0.588 0.45 0.45 0.45 0.45 0.38 0.38 0.11 0.07 0.09 0.08

0.522 0.522 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.73

31.367 31.418 31.328 30.567 31.528 30.215 31.567 32.618 31.348 31.350 30.990 32.868

Persian Gulf(2) 20.934 20.969 20.904 21.984 22.999 21.924 22.834 22.523 21.326 20.927 21.246 23.09

North Sea(3) 3.153 2.902 3.127 3.225 3.124 3.692 3.700 3.710 3.468 3.456 3.565 3.72

World 73.443 73.285 74.315 74.425 75.225 72.398 72.893 73.275 73.330 74.450 74.005 74.949

Source EIA 1 OPEC: Organization of the Petroleum Exporting Countries: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. 2 The Persian Gulf countries are Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates. Production from the Kuwait-Saudi Arabia Neutral Zone is included in Persian Gulf production. 3 North Sea includes the United Kingdom Offshore, Norway, Denmark, Netherlands Offshore, and Germany Offshore.

Petroleum Today -

November 2012

57


Table (4) International petroleum consumption Million barrels per day

June 2011 July August September October November December Jan.2012 February March April May June July

U.S (50 OECD(1) States) 45.36 18.91 43.97 18.83 45.22 19.15 46.09 18.80 45.20 18.56 46.62 18.73 46.35 18.74 44.40 18.27 46.85 18.73 45.02 18.17 43.83 18.28 43.66 18.43 44.45 18.92 44.15 18.60

Canada 2.30 2.11 2.34 2.25 2.23 2.26 2.30 2.10 2.20 2.11 2.12 2.18 2.38 2.43

Europe 14.1 13.67 14.70 15.00 14.35 14.16 13.75 13.07 14.39 13.62 13.47 13.54 14.07 13.97

Japan 4.32 3.7 4.44 4.29 4.41 4.62 5.44 5.17 5.56 5.17 4.46 4.03 4.13 4.36

NonOECD 41.07 40.59 42.70 42.97 42.84 42.30 42.75 42.84 42.86 43.39 43.52 42.86 43.98 44.18

China 9.38 8.81 9.50 9.71 9.78 9.98 9.70 10.23 10.05 10.08 10.05 10.04 10.18 10.18

Other Non -OECD World 16.68 86.43 16.79 84.56 17.29 86.95 17.70 89.05 17.11 87.82 17.02 88.46 16.75 88.65 16.75 87.15 16.96 89.70 16.98 87.87 17.30 87.21 17.50 87.18 17.70 89.44 17.98 89.24

(1) OECD = Organization for Economic Cooperation and Development: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, South Korea, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United States.

Table (5)

World Natural Gas Plant Liquid Production , Thousand Barrels Per Day

August.11 September October November December January.12 February March April May

Algeria 345 345 345 345 345 345 345 355 350 354

Canada 642 620 690 690 710 730 700 760 712 719

Mexico 373 328 327 322 321 325 326 330 320 318

Saudi Arabia 1,500 1,600 1,600 1,625 1,625 1,625 1,625 1,625 1,620 1,619

Russia 435 433 448 434 447 448 448 448 445 444

United States1 2,036 2,145 2,274 23.41.53 2,342 2,351 2,376 2,388 2,390 2,385

Persian Gulf 2 2,541 2,670 2,695 2,695 2,695 2,696 2,696 2,696 2,690 2,692

OAPEC3 3,037 3,012 3,442 3,412 3,440 3,244 3,212 3,121 3,014 3,111

OPEC4 3,280 3,275 3,335 3,355 3,385 3,404 3,409 3,414 3,420 3,415

World 8,321 8,509 8,385 8,390 8,294 8,326 8,512 8,395 8,390 8,395

June

352

720

321

1,624

446

2,385

2,685

3,120

3,419

8,380

July

349

714

325

1,626

438

2,395

2,680

3,125

3,414

8,390

1 U.S. geographic coverage is the 50 states and the District of Columbia. Excludes fuel ethanol blended into ďŚ nished motor gasoline. 2 The Persian Gulf countries are Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates. 3 OAPEC: Organization of Arab Petroleum Exporting Countries: Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabi Arabia Syria, Tunisia, and the United Arab Emerates Emirates 4 OPEC: Organization of the Petroleum Exporting Countries: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.

58 Petroleum Today -

November 2012


Table ( 6 ) INTERNATIONAL ROTARY RIG COUNT

August 2010 REGION

July 2010

% Change change from prior from month prior month 53 28 4 8 1 6 NA NA 0 0 1 12.5 2 10

Land

Offshore

Total

Land

Offshore

Total

AFRICA ALGERIA ANGOLA LIBYA NIGERIA TUNISIA SUDAN

111 67 2 NA 17 7 18

32 2 15 NA 14 3 1

141 69 17 NA 31 10 19

165 65 2 55 17 7 19

29 0 14 0 12 2 1

194 65 16 55 29 9 20

MIDDLE EAST ABU DHABI DUBAI EGYPT JORDAN KUWAIT OMAN PAKISTAN QATAR SAUDI ARABIA

264 16 0 58 1 45 54 20 2 61

53 10 2 13 0 0 0 0 13 14

317 26 2 71 1 45 54 20 15 75

301 16 0 57 1 44 54 25 3 61

49 6 2 14 0 0 0 0 13 14

350 22 0 71 1 44 54 25 16 75

33 4 0 0 0 0 0 5 1 0

31 18 0 0 0 0 0 20 6.25 0

SYRIA YEMEN

NA 14

NA 0

33 14

30 13

0 0

30 13

3 1

10 7.5

EUROPE GERMANY ITALY ROMANIA TURKEY UNITED KINGDOM

53 11 5 12 23 2

42 1 3 0 1 37

95 12 8 12 24 39

59 11 5 17 23 3

39 1 4 0 1 33

98 12 9 17 24 36

3 0 1 5 0 3

3 0 10 30 0 8

LATIN AMERICA ARGENTINA BRAZIL COLOMBIA MEXICO VENEZUELA

406 88 42 90 103 83

121 0 54 0 51 16

527 88 96 90 154 99

342 87 41 89 109 16

184 0 56 0 52 76

526 87 97 89 161 92

1 1 1 1 7 7

0 1 1 1 3 8

ASIA PACIFIC AUSTRALIA CHINA OFFSHORE INDIA INDONESIA THAILAND

183 20 5 103 52 4

125 14 43 35 12 11

308 34 48 138 64 15

193 25 5 106 54 3

125 14 43 35 12 11

318 39 48 141 66 14

10 5 0 3 2 1

3 13 0 2 3 6

Source Schlumberger Petroleum Today -

November 2012

59


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Misco for chemical cleaning & Oil Flushing services. Before Before

After After

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also have boilers for customer rental.

5 EL Farik Mohamed Ibrahim St., 6th Sector-Nasr City 5Tel: 22752491-71 - Fax 22751419 misco@link.net - www.misco-eg.com


ī€ īƒ‚īƒ‡īĄī€ ī‚“ī‚™ī‚ŖīŠī€ īƒœī…ī‡ī€ ī‚‰īĸīƒ„ī¤ī‡ī€ ī‡ī‚˜ī§ī€ īƒ”ī€ ī‚īĄī€ ī‚šī‚ĩī‚Ąī‚žīˆī€ īī¨īžīƒ—ī‡ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠī€ ī‚‡īƒ‡ī‚ĄīƒŠīĸī€ ī‚ēīƒ„īī€ ī‚ēīžīƒ–ī‡ī€ ī‘ī‚ƒī‚‹īĒī€ ī‡īī‚ƒīƒ™ī€  ī€ ī‚¤ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ īƒ”ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋī™ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ī¨ī€ ī‚Œī‚‘ī‚„ī‚¸ī¤ī€ ī‚‡īƒ‡īƒ™ī‚ƒī™ī€ ī‰īžīĒī‡ī‚›īĨī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‚‡īī¨ī‚™ī‚ŖīĨī€ ī‚‰īĻī‚ƒīŖī€ īƒˆī‚ˆī¤ī‡ī€ ī‚Ĩī¨ī‚™ī‚Ąī‚žī¤ī‚ƒīĄī€ īžīĒīžīŒī€ ī‚ŋīĨī€ ī‰īžīĒī‡ī‚›īƒ™ī‡ ī€ ī‚ĒīĨī€ ī‚…ī‚Ąī“ī‚ƒī‚žī‚ˆīŠī€ īƒ•ī€ ī‚‡ī‚˛īˆī‚ƒī‚Ąī‚ī¤ī‡ī€ ī‚Ŋī‡īƒ„ī ī ī™īƒīƒ•ī‡ī€ īƒ”ī€ ī‚Šī‡īžīĒī‡ī‚›īƒ™ī‡ī€ īƒ” ī€ īƒ”ī€ ī‚ƒī‚„ī‚Ąī“ī‚ƒī‚žīĨī€ īƒ€ī‚ƒī ī īŖ ī€ ī‚ƒī ī īĨ ī€ īƒŽī‚‹ī‚ģīĄī€ ī‚‡ī ī īĨīī‚ƒī ī ī‚˛ī ī¤ī‡ī€ ī‚Šī‡īžī ī īĒī‡ī‚›ī ī īƒ™ī‡ ī€ ī€˛ī€°ī€ąī€˛ ī€ ī‰īžī ī īĒī‡ī‚›ī ī īƒ™ ī€ ī‚ƒī‚„ī‚Ąī“ī‚ƒī‚žīĨ ī€ īžī‚ŠīĒ ī€ īƒš ī€ ī€˛ī€°ī€°ī€¸ ī€ ī‰īžī ī īĒī‡ī‚›ī ī īĨ ī€ ī‚Šī‚ƒī™ī‚ƒī‚ģī‚ˆīŒī‡ī€ īžī‚˛ī‚Šīˆī€ ī‚Ŋīƒ„ī‚˛īĻī€ īƒ€ī‚īƒ•ī‡ī€ ī‚ƒī‚žīĻīƒī‡ī€ īƒ›ī…ī‡ī€ īƒƒīƒ„īĻī‡ī€ īƒ€īƒī‡ī€ ī‚…ī‚ŽīĒī¨ ī€ ī‚ŧīƒīŠī‚ƒīīƒĢī‚˛īĨī¨ ī€ ī‚ŧī§ī‡īƒ„ī‚ĩī‚Ąī” ī€ īƒ›ī…ī‡ ī€ ī‚Ģī‚ƒī‚ģī‚ˆī‚Ąī“īƒ•ī‡ī¨ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī‚¸ī¤ ī€ īƒƒī‚˜ī§ī€ ī‚‰ī ī īƒī  īŒī‡ī¨ī€ īƒˆī ī ī‚ˆī  ī¤ī‡ī€ ī‚ŠīƒŽī ī ī‚ĩī ī‚Ąī ī‚žī īƒ™ī‡ī€ īƒ…ī ī ī‚¸ī ī™ī€ ī‚ąī‚™ī ī ī‚Šī  ī‚ˆī  ī¤ī‡ī¨ ī€ īƒˆī™ī‡ī‚™īĒī€ ī‚īīƒ„īƒ¤ī€ ī‚Ēī‚Ąī–ī¨ī€ ī‚ēī¨ī‚ƒī‚‘īĻī¨ī€ ī‚ļī¤īī€ ī‚šī‚„īĸī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ ī€ īžīĸī€ ī‚Šī‚ƒīĸīƒ„ī‚ŠīĨī€ ī¨īƒī‡ ī€ ī‚ąīƒŽī ī īŽ ī€ īƒ‰īƒī‡ ī€ ī‚…ī‚žīƒŽī€ ī‚šī ī īŒī‡ī€ ī‚ŋīĨī€ ī‚ļī ī ī¤ī ī€ īƒ˛ī‚Ąī‚īƒī€ ī‚šīŒī‡ī€ ī‚ŋīĨī¨ī€ īƒŽī‚„ī‚˛ī‚ˆī‚Ąī‚īĨī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚šī‚ģī™ī€ ī‚´īƒ„ī‚ŠīŠ ī€ īī‡īƒ„ī‚Ąī“ī€ īƒ˛īĄī‚™ī‚Ŗī¤ī‡ī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚ŸīĨī€ ī‚ŗī‚˛ī‚‘īĒī€ ī‚ƒīƒŒī€ ī‰īžīĒī‡ī‚›īƒ™ī‡ī€ ī‚Ĩī¨ī‚™ī‚Ąī” ī€ ī‚™ī‚ģī‚ˆī‚Ąī‚īŠī€ īƒ…ī‚ˆīī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī¨īƒī‡ ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ īƒ€ī‚ƒīŖ ī€ ī‚Šī‡ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“īƒ•ī‡ī€ īƒ€īƒ•ī€ ī‚‡ī‚¸īĒīƒ„ī—ī€ ī‰īžīƒ™ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚šī‚ģī‚Šī¤ī‡ī€ īƒ” ī€ ī‚Šī‡ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“ī‡ ī€ īƒ€īƒ„ī‚ĩīŠ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ ī€ īƒƒī‚˜ī ī ī§ ī€ ī‚ƒīƒī‚”ī‚ĄīƒŠīŠ ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒƒī‚˜ī ī ī§ ī€ ī‚‡īĻīƒī‚ƒī‚ģī—ī€ ī‚ŋī ī īĨī¨ī€ īžī ī īˆīƒ•ī¨ī€ ī‚šī ī īŒīƒīƒ•ī‡ī€ ī‚‡ī‚¸īĒīƒ„ī— ī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ŗī‚˛ī‚‘ī‚ˆīŠī€ īƒ…ī‚ˆīī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚ƒīƒīƒ—ī‚ƒī‚Ąī‚ŸīĨī€ īƒ…ī‚¸ī™ ī€Žī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒƒī‚˜ī§ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ īƒ˛īˆī€ ī‚‡īŖīƒĢī‚Ąī‚žīƒ™ī‡ 11 Petroleum Today

ī€ ī‚ēīƒ„īī€ īƒī‚ƒī‚ŖīŽī€ īƒąī‹īƒī‡ ī€ ī‚ƒīĨī¨ī€ ī‚™ī‚Ąī‚Ÿīƒ™ī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī€ ī‚‡īƒ‡ī‚ģīƒ‡ī‚¸īĸī…īƒ•ī‡ ī€ īƒ…ī‚¸ī™ī€ ī‚™ī‹ī„īƒ„īƒ‡ī‚Ąī“ī€ īƒ€ī‚ƒīŖī€ ī‚ƒīĨī€ īƒ„ī§ī¨ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī’ī‚ƒī‚Ŧī‚¸ī¤ī€ ī‚ƒī‚ģīƒī‚ˆīĸī‚™ī‚Ąī“ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ ī€ īƒƒī‚˜ī ī ī§ ī€ ī‚ƒīƒīĨīžī‚˛ī‚ˆī‚Ąī“ ī€ ī‚‰īĻī‚ƒīŖ ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚ĸī–ī¨ī‚™ī‚Šī¤ī‡ ī€ ī‡ī‚˜ī§ī€ īƒ€īƒī‡ ī€ īŠī‘īƒī‡ ī€ īƒĻī…ī‡ ī€ ī‚ŧī‹ī€ īī¨īžīƒ—ī‡ī€ ī‚ŗī—ī‚ƒī‚žīƒŒī€ ī‚ŗī‚¸ī‚Šī‚ˆīĒī€ ī‚ƒī‚ģīƒ‡īĄ ī€ īƒ€īƒ• ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‚ēī¨īƒĢī ī ī‚„ī ī¤ī‡ ī€ ī‚Ģī‚ƒī‚Ŗīĸ ī€ ī‚’ī¤ī‚ƒī‚Ąī• ī€ īƒ” ī€ ī‚šīƒ‡īŒīƒī‚ƒī‚ˆī¤ī‡ ī€ ī‰īžīĒīžīŒ ī€ ī‚ēī¨īƒĢīˆ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ ī€ ī‚‡ī‚Ąī•ī‚™ī‚¯ī¤ī‡ ī€ īƒˆī‚Ŗī‚ŠīĒ ī€ ī‚šīƒ‡īŒīƒī‚ƒī‚ˆī¤ī‡ ī€ ī‚ƒīƒīƒ‡īĄ ī€ ī‚‡īŖī‘ī‚ƒī‚Ąī‚žīƒ™ī‡ ī€ ī‚ŧī‹ ī€ ī‚ŋīĨī¨ ī€ ī‰īžīĒī‡ī‚›īƒ™ī‡ ī€ ī‚ŧīƒ‡īƒ‡ī‚˛īŠī¨ ī€ ī‚‡ī‚Ąī“ī‡ī‘īžī¤ ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ ī€ ī‚Ģī‚ƒī‚Ŗīĸ ī€ ī‚ēīƒ„ī‚Ąī‚Ÿī ī€ īƒ‚īĻīƒī‚ƒī‚Ąī” ī€ ī‚ŋīĨ ī€ ī‡ī‚˜ī§ī¨ ī€ŋī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī‚ŋīĨī€ ī‚ĸī–ī¨ī‚™ī‚Šī¤ī‡ī€ ī‚šī‚ĄīƒŠīĄīƒī‡ī€ īƒ…ī‚¸ī™

ī€ ī‚Ĩī¨ī‚™ī‚Ąī”ī¨ī€ ī‚Šī‡ī‚›ī‚¯īƒžī€ ī‚Ēī‚Ąī–īƒ„ī¤ī€ īƒƒī‚ƒīƒŽī‡ī€ ī‚ˇī‚ƒī‚žī§ī€ ī‚šī§ī€ īƒ¸ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī‚¸ī¤ī€ ī‚†ī‚˜ī ī  īŒ ī€ ī‚šī ī īĨī‚ƒī ī ī™ ī€ īƒ€īƒ„ī ī ī‚ĩī  īŠ ī€ ī‰īžī ī  īĒīžī ī  īŒ ī€ŋī€ ī€ ī‰īžīĒī‡ī‚›īƒ™ī‡ī€ īƒ”ī€ ī‚šī‚ĄīƒŠīĄīƒī‡ī€ ī‚ĸī–ī¨ī‚™ī™ī€ īƒ¨īžī‚˛ī‚ˆī¤ ī€ ī‰īžīĒī‡ī‚›īƒ™ī‡ ī€ īƒ” ī€ īƒąīƒ‡ī‚ŦīŠ ī€ ī‚ˇī‚ƒī‚žī§ ī€ īƒ€īƒ„ī‚ĩīĒ ī€ īƒ€ī‡ī¨ ī€ īžīˆīƒ• ī€ ī‚Ēī‚„ī‚Ŗī¤ī‚ƒīˆī€  ī€­ ī€ īžī‚Ŧī‚¸ī¤ī€ ī‚‡īƒ—ī‚ƒī‚Ąī•ī€ īƒ€īƒ„ī‚ĩīŠī€ īƒ•ī€ ī‚ĸī‚īĨīƒī‡ī€ ī‚Ĩī¨ī‚™ī‚Ąī”ī€ īƒŽī‚‹ī‚ģīĄī€ ī‚‡īĨīī‚ƒī‚˛ī¤ī‡ ī€ ī‚“ī‚™ī—ī€ īžī‚žī™ī€ ī‰īžīĒīžīŒī€ ī‚Šī‡ī‚›ī‚¯īƒžī€ ī‚ˇī‚ƒī‚žī§ī€ īƒ€īƒ„ī‚ĩīŠī€ ī‚ąīƒ„ī‚Ąī“ī¨

- November 2012

ī€ īƒ…ī‚¸ī™ī€ ī‚ļī¤īī€ ī‚ŋī™ī€ ī‚ŒīĒīžīƒ—ī‡ī€ ī‚‡īĒī‡īžīˆī€ īƒ”ī€ īžīŖī„īƒ„īĻī€ īƒ€ī‡ī¨ī€ īžīˆīƒ•ī€  ī€­ ī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚Ÿī‚ģī‚¸ī¤ī€ ī‚ēī¨īƒīƒ•ī‡ī€ ī‚Ŋī‚ƒī‚˛īƒ™ī‡ī€ īƒ”ī€ īī‚ƒīŒī€ ī‚šīƒ‡īŒīƒī‚ƒī‚ˆī¤ī‡ī€ ī‘ī‡ī‚™īĸī€ īƒ€īƒī‡ ī€ ī‚ŗī‚˛ī‚‘īĒ ī€ ī‚ƒīƒŒ ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ ī€ ī‚Šī‚ƒīƒ‡ī¤ī‚īƒ• ī€ ī‚ƒī‚˛ī‚„ī—ī¨ ī€ ī‚™ī‚Ąī‚Ÿīƒ™ ī€ ī‚‡īƒ‡ī‚žī—īƒ„ī¤ī‡ ī€ ī‚“ī‚™ī—ī€ īƒ”ī€ ī‚ēī‚ƒī‚Žī‚Šī‚ˆī‚Ąī“īƒ•ī‡ī€ īƒ€īƒī‡ ī€ ī‚ƒī‚žīĒīƒī‡ī‘ī€ īžīĸī¨ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚ŸīĨ ī€ ī‰īīžīƒžī€ ī‚‡ī‚¯ī‚Ąī‚Ÿīˆī¨ī€ ī€ īžīƒ‡īŒī€ īƒąīšī€ ī‚™īĨīƒī‡ ī€ ī‰īžīĒī‡ī‚›īƒ™ī‡ī€ īƒƒī‚˜ī§ī€ ī‚šī‚‹īĨ ī€ ī‚…ī‚¸ī—ī€ ī‚ƒīƒī‚ģī§īƒī‡ī€ ī‚†ī‚ƒī‚„ī‚Ąī“īƒī‡ī€ ī‰īžī™ī€ īƒ›ī…ī‡ī€ ī‚šīƒ‡īŒīƒī‚ƒī‚ˆī¤ī‡ī€ ī‘ī‡ī‚™īĸī€ ī‚ĒīŒī‚™īĒ ī€ īƒƒī‚˜ī§ ī€ ī‚ēī‚ƒī‚Ŧī‚Ąī‚žīĻīƒ• ī€ ī‚ļī ī ī¤īī¨ ī€ ī‚šīƒ‡īŒīƒī‚ƒī‚ˆī‚¸ī¤ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‚ĸīƒŠī‚Šīˆ ī€ īŠī‚™īŽīƒī‡ ī€ ī‚Šī‡īžī ī īĒī‡ī‚›ī ī īĨ ī€ īƒ” ī€ ī‚‰ī ī īĸīƒ„ī ī ī¤ī‡ ī€ ī‚ĸī‚ī‚¯īĻ ī€ īƒ” ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ ī€ īƒ€ī‚ƒī‚žī‚„ī¤ī¨ ī€ ī‚ĸī ī ī•īƒŠī ī īĸ ī€ īƒ…ī ī ī§ī¨ ī€ ī‚‡ī‚˛ī‚Ŗī‚žīƒ™ī‚ƒīˆ ī€ ī‚ēī¨ī ī€ ī‚ƒīƒī‚ˆīī‚™ī— ī€ ī‚‡īĨī‚ƒī‚Šī¤ī‡ī€ ī‚‡ī‚€īƒ‡īƒī¤ī‡ī€ īƒ€īƒī‡ī€ īƒ„īƒīĄī€ īƒĻī‚ƒī‚‹ī¤ī‡ī€ ī‚…ī‚„ī‚Ąī‚ī¤ī‡ī€ ī‚ƒīĨīƒī‡ī€ ī€Ŧī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ī¨ ī€ ī‚ƒīƒī‚ˆīī‚™ī—ī€ īƒˆī‚ˆī¤ī‡ī€ ī‚ƒīƒīŠī‡īžīĒī‡ī‚›īĨī€ ī‚ī†ī‚ƒī‚ˆīĻī€ ī‚ŋī™ī€ ī‚‰ī‚žī‚¸ī™īƒī‡ī€ ī‚ēī¨īƒĢī‚„ī‚¸ī¤ ī€ ī‚Šī‡ī’ī‚ƒī‚Ŧī‚¸ī¤ī€ ī‚‡ī‚ĄīƒŠīˆī‚ƒī‚˛ī¤ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚´īƒŽīšī…ī‡ī€ ī‚šī‚„īĸī€ ī‚ļī¤īī¨ī€ ī‚ƒī‚˛īˆī‚ƒī‚Ąī“ ī€ ī‚ŋī¤ī€ ī‚™ī ī īĨīƒī‡ ī€ īƒ„ī§ī¨ī€ ī€ īžī ī īī‡ī¨ī€ ī‚Ģīƒ„ī‚„ī‚Ąī“ī‚ƒīˆī€ ī‚ƒīƒīŠīžīĒī‡ī‚›īƒ™ī€ ī‚‡īƒ‡ī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ ī€ ī‚ŋīĨ ī€ ī‚‡ī‚Žīƒ‡ī‚ˆī‚žī¤ī‡ ī€ īƒƒī‚˜ī ī ī§ ī€ ī‚™ī‚Ļī‚ˆī‚žīŠ ī€ ī‚‰īĻī‚ƒīŖ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī” ī€ ī‚ŋī‚ĩīƒ§ ī€ ī‚†ī‚ƒī‚„ī‚Ąī“īƒīƒ•ī‡ī€ ī‚Œī¤ī‚ƒī‹ī€ ī‚ƒīĨīƒī‡ ī€ ī€Ŧī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‰īžīĒī‡ī‚›īĨī€ īƒ”ī€ ī‚‡īŖī‘ī‚ƒī‚Ąī‚žīƒ™ī‡ ī€ īƒˆī‚ˆī¤ī‡ī¨ ī€ ī‚‡ī‚¸ī‚„ī‚¸ī‚„ī¤ī‡ī¨ ī€ ī‚¤ī‚Ŧī‚¸ī¤ī‡ī¨ ī€ ī‚ēīžī ī īƒ–ī‡ ī€ ī‚‡ī¤ī‚ƒī ī€ īƒ›ī…ī‡ ī€ ī‚ĒīŒīƒąīĄ ī€ īƒƒī‚ƒīƒ‡ī‚ģī‚¸ī¤ ī€ ī‚ĸī ī ī•īƒŠī ī īĸī¨ ī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ ī€ ī‚ˇī‚ƒīƒī‚ˆīĻī‡ ī€ ī‚ēīƒ„ī ī ī ī€ ī‚Šīƒąī ī ī‹īƒī‡


ī€ ī‚ƒī‚ģīŖī¨ī€ ī‚Ŋīī‚ƒī‚˛ī¤ī‡ī€ ī‚™īĒī‡īƒŠīĄī€ ī€ąī€ŗī€ īƒ”ī€ ī‚ƒīƒīī‚™ī‚Ŗī¤ī€ ī‚ƒīƒī‚¸īƒ‡īŒīƒī‚ƒīŠī€ īƒ“ ī€ ī‰īƒąī‚„ī‚ĩī¤ī‡ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī”ī€ īŠīžī¤ī€ īƒ‚īƒ‡ī‚¸ī™ī€ ī‚ąī‘ī‚ƒī‚Šī‚ˆīĨī€ īƒ„ī§ ī€ īƒ€īƒī‡ ī€ īƒˆī‚žīĒī‡ī¨ ī€ īƒ€ī¨ī‚™ī‚¯īƒ‡ī‚Ąī”ī¨ ī€ ī‚ŧīƒ‡ī¤ī¨īƒĢīˆ ī€ ī‚ĸī‚žī‚ˆīĒī‚™īˆī¨ ī€ ī‚šī‚Ąī” ī€ ī‚šī‚‹īĨ ī€ ī‡ī‚˜ī§ī¨ī€ ī€ ī€Ĩī€ ī€ĩī€°ī€ ī‚ŋī™ī€ ī‚šī‚˛īŠī€ īƒ•ī€ ī‚šī‚ģī‚Šī¤ī‡ī€ īƒ”ī€ ī‰ī‚™ī—ī‚ƒī‚”īƒ™ī‡ī€ ī‚‡ī‚„ī‚Ąī‚īĻ ī€ īƒ‰īƒī‡ ī€ ī‚Ēī‚žīƒ§ ī€ ī‚ŋī ī ī¤ ī€ ī‚Ēī ī īĸīƒ„ī ī īƒ™ī‡ ī€ ī‚ŋī ī ī™ ī€ īƒˆī‚¸ī‚”ī‚ˆī¤ī‡ ī€ ī¨īƒī‡ ī€ ī‚†ī‚ƒī‚‘ī‚Ąī‚īĻīƒ•ī‡ ī€ īƒˆī‚ˆī¤ī‡ī€ ī’ī‚ƒīƒ‡ī‚ˆīĨīƒ•ī‡ī€ ī‚‡ī‚˛ī‚Ŗī‚žīĨī€ īƒ”ī€ ī‚šī‚ģī‚Šī¤ī‡ī€ ī‚ŋīĨī€ īŠī‚™īŽīƒī‡ ī€ ī‚‡īŖī‚™ī‚Ąī” ī€ ī‚ŋīĨī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚šī‚ĩī¤ī€ īƒ€īƒ•ī€ ī‚šī‚Ąī”ī€ ī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚ƒīƒīƒ‡īĄī€ ī‚šī‚ģī‚ŠīŠī€ ī‚‰īĻī‚ƒīŖ ī€ īƒ”ī€ ī‚ƒīƒīˆī€ ī‚‡ī‚Ąī•ī‚ƒīƒ˜ī‡ī€ ī‚ƒīƒī‚ˆī‚Ąī“ī‘īžīĨī€ ī‰īƒąī‚„ī‚ĩī¤ī‡ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒƒī‚˜ī§ ī€ ī‚‡ī‚Ąī“ī‘īžīĨī€ ī‚ŋī™ī€ ī‚°ī‚¸ī‚ˆī‚”īŠī€ ī‚šī‚Ąī”ī€ ī‚‡ī‚Ąī“ī‘īžī‚ģīĄī€ ī‚Œī‚‘ī‚„ī¤ī‡ī¨ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ ī€ ī‚Ēī‚„ī‚Ŗī¤ī‚ƒīˆ ī€ īƒ€ī‚ƒī‚¯ī‚¸ī‚ˆī‚”īŠ ī€ īƒ˛ī‚ˆī‚Ąī“ī‘īžīƒ™ī‡ ī€ īƒ˛īŠī‚ƒī§ī¨ ī€ ī’ī‚ƒīŒ ī€ ī‚ĸī‚žī‚ˆīĒī‚™īˆ ī€ īžī‚˛īĄ ī€ ī‚ąī¨ī‚™ī‚ŠīĨ ī€ īƒ„ī§ ī€ ī‚ƒī‚ģīŖī¨ ī€ īƒˆī‚žīĒī‡ ī€ ī‚‡īŖī‚™ī‚Ąī” ī€ ī‚‡ī‚Ąī“ī‘īžīĨ ī€ ī‚ŋī™ ī€ īƒ” ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ī€ ī’ī‚ƒīƒ‡ī‚ˆīĨī‡ ī€ ī‚ŗī ī€ īƒ…ī‚¸ī™ ī€ ī‚šī‚Ąī” ī€ ī‚‡īŖī‚™ī‚Ąī” ī€ ī‚‰ī‚¸ī‚Ąī‚Ÿī ī€ ī‚¤ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ ī‚´ī‚™ī‚Ąī”ī€ ī‚ēī‚ƒī‚ģī‚Ąī”ī€ ī‚‡ī‚˛ī‚Ŗī‚žīƒ™ī€ ī‚‡ī‚˛īƒ‡ī‚ģī‚Šī¤ī‡ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ ī€ ī€ąī€šī€šī€¸ ī€ ī‚Ŋī‚ƒī ī ī™ ī€ īƒ” ī€ ī‚‰ī ī īĒī‚™ī ī īŒīƒī‡ ī€ ī‚‡īƒ‡ī‚Ąī‚īĄī‚ƒī‚žīŠ ī€ ī‚‡ī‚Ąī‚Ÿīĸī‚ƒī‚žīĨ ī€ īžī‚Šīˆ ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚‡īĨīƒ„ī‚ĩīƒ—ī‡ī€ ī‚‰īĨī‚ƒīĸī€ ī€ ī€ąī€šī€šī€šī€ ī‚Ŋī‚ƒī™ī€ ī‚ĸī“ī‘ī‚ƒīĨī€ īƒ…īĄī¨ ī€ ī‚ī‚ƒī‚ˆīĻī…īƒ•ī‡ ī€ ī‚‡īŖī‘ī‚ƒī‚Ąī‚žīĨ ī€ īžī‚˛ī™ ī€ ī‚Ēīƒ‡īĸīƒ„ī‚ˆīˆ ī€ ī‚™ī‚Ąī‚ŸīĨ ī€ ī‚šī‚Ąī” ī€ ī‚‡īŖī‚™ī‚Ąī”ī¨ ī€ īžī‚ˆīƒ’ "ī€ īžīƒ‡ī‚ģīƒ‡īĻ "ī€ ī‚‡ī‚˛ī‚Ŗī‚žīƒŒī€ ī‚ąī‚ƒī‚Ąī‚žī‚ĩī‚ˆī‚Ąī“īƒ•ī‡ī€ ī‰īƒĢīĄī€ ī‚‰īĻī‚ƒīŖī¨ ī€ ī‚‡ī‚ģī‚Ąī‚ī‚˛īĨī€ ī€ ī€˛ī€°ī€ąī€ąī€ īƒ›ī…ī‡ ī€ ī€ąī€šī€šī€šī€ īƒ˛īˆī€ ī‚ƒīĨī€ ī‰īƒĢī‚¯ī¤ī‡ī€ ī‚šī‚ģī‚Ąī‚žī‚ˆī¤ ī€ ī‚‡ī‚¸īī‚™īƒ™ī‡ ī€ ī‚Šī‚™ī ī ī‚ģī ī‚ˆī ī‚Ąī ī“ī‡ ī€ ī‚ąī‚ƒī‚Ąī‚žī‚ĩī‚ˆī‚Ąī“ī‡ ī€ ī‚šī ī īī‡ī‚™ī ī īĨ ī€ ī‚īƒŽī ī ī‚‹ī ī¤ ī€ ī‚ĸī“ī‘ī‚ƒīĨ ī€ īƒ›ī…ī‡ ī€ ī€ąī€šī€šī€š ī€ ī‚ĸī“ī‘ī‚ƒīĨ ī€ ī‚ŋīĨ ī€ ī‰īƒĢī‚¯ī¤ī‡ ī€ īƒ” ī€ īƒ›ī¨īƒīƒ•ī‡ ī€ ī‚ĸī“ī‘ī‚ƒīĨ ī€ īƒ›ī…ī‡ ī€ ī€˛ī€°ī€°ī€´ ī€ ī‚ĸī ī ī“ī‘ī‚ƒī ī īĨ ī€ ī‚ŋī ī īĨ ī€ ī‚‡īƒ‡īĻī‚ƒī‚‹ī¤ī‡ī¨ ī€  ī€ ī€˛ī€°ī€°ī€´ ī€ ī€˛ī€°ī€°ī€¸ ī€ ī‚ĸī“ī‘ī‚ƒīĨ ī€ īƒ˛īˆ ī€ ī‚ƒīĨ ī€ ī‰īƒąī ī  īŽīƒīƒ•ī‡ī¨ ī€ ī‚‡ī‚‹ī¤ī‚ƒī‚‹ī¤ī‡ī¨ ī€  ī€ ī€˛ī€°ī€°ī€¸ ī€ ī‚šī‚Ąī”ī€ ī‚‰ī‚˛ī‚¯īĻīƒī‡ ī€ īžī‚˛ī‚Šī¤ī‡ī€ ī‰īƒĢīĄī€ ī‚ēīƒŽīŽī¨ī€ ī€ ī€˛ī€°ī€ąī€ąī€ ī‚ĸī“ī‘ī‚ƒīĨī€ īƒ›ī…ī‡ ī€ ī‚‡ī‚Ąī•ī‚ƒīƒ˜ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚Šī‡ī‚™īĒīžī‚˛īŠī€ īƒ€īƒī‡ī€ īƒ•ī…ī‡ī€ ī‘īƒ•ī¨īī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ ī€ļī€˛ī€° ī€ ī‚Ŋīžīĸī€ īƒ€īƒ„īƒ‡ī‚¸īĒī‚™īŠī€ ī€°īžī€¸ī€ ī‘īžī‚˛īĒī€ īƒ€ī‚ƒīŖī€ ī‚°ī‚Ąī‚žī‚ˆī‚ĩīƒ™ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚‡īƒ‡ī‚ģī‚ĩīˆ ī€ ī‚ƒīĨī€ ī‚ąī‚ƒī‚Ąī‚žī‚ˆīŖī‡ī€ ī‚Ēīĸīƒ„ī‚ˆīŠī€ ī‚‰īĻī‚ƒīŖī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒ€īƒī‡ ī€ ī‚ŧīšī‘ī€ ī‚…ī‚Šī‚ĩīĨ ī€ ī‚ƒīĨī€ īƒ„ī§ī¨ī€ ī‚…ī‚Šī‚ĩīĨī€ ī‚Ŋīžīĸī€ īƒ€īƒ„īƒ‡ī‚¸īĒī‚™īŠī€ ī€´ī€ ī¨ī€ ī€ŗī€ īƒ˛īˆī€ ī‚ƒīĨī€ ī‚“ī¨ī‡īƒĢīĒ ī€ ī‚ƒī‚Ąī•īƒ„ī‚Ąī‚ŸīŽī€ ī‚‡īŖī‚™ī‚Ąī‚žī‚¸ī¤ī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸī‡ī€ īŠī¨īžīŒī€ īƒ‰īƒī‡ ī€ ī‚šī‚‹īƒ§ī€ ī‚ŋī¤ ī€ īƒ˛īˆī€ ī‚ƒīĨī€ ī‚“ī¨ī‡īƒĢīŠī€ ī‡īžīŒī€ ī‰īƒąī‚„īŖī€ ī‚´ī‚ƒī‚ģī™īƒī‡ī€ īƒ…ī‚¸ī™ī€ ī‚™ī‚¯īƒī€ ī‚ƒīƒīĻīƒī‡ī¨ ī€ īƒ€īƒī‡ī€ ī‚…ī‚ŽīĒī¨ī€ ī€Ŧī€ ī€ ī‚‡īĒī‚ƒī‚Ŧī‚¸ī¤ī€ ī‚°ī‚¸ī‚ĩīĨī€ ī‚™īĨīƒī‡ī€ īƒ„ī§ī¨ī€ ī€˛ī€ˇī€°ī€°ī€ ī¨ī€ ī€˛ī€´ī€°ī€° "ī€ īƒˆī§ī¨ī€ ī‚šī‚Ąī”ī€ ī’ī‚ƒīƒ‡ī‚ˆīĨī‡ī€ ī‚‡ī‚˛ī‚Ŗī‚žīĨī€ īƒ˛īˆī€ ī‚‡īĄī‚ƒī‚Ąī‚īƒ™ī‡ī€ īƒ€īƒī‡ ī€ ī‚’ī‚Ąī–īƒ„īĻ ī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ī¨ ī€ ī‚ĸī•īƒŠīĸ ī€ ī‚ąī‚ƒī‚Ąī‚žī‚ĩī‚ˆī‚Ąī“ī‡ ī€ ī‚ŗī—ī‚ƒī‚žīĨī¨ " ī€ īžīƒ‡ī‚ģīƒ‡īĻ ī€ ī€ŗī€°ī€°ī€ īƒ›ī…ī‡ī€ ī‚šī‚Ąī‚ŸīŠ "ī€ īƒ€ī‚ƒī‹ī‚ƒī‚¯īƒ‡ī¤ī¨ " "ī€ ī‚‰īĒīī¨ī‚™īĄī‡ "ī€ ī‚ƒī‚ģī§ī¨ ī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī€ īƒƒī‚ƒīƒ‡īƒ™ī‚ƒīˆī€ ī‚‡īĸīƒŽī™ī€ ī€ ī‚ƒī‚ģīƒī¤ī€ ī‚ĸī‚īƒ‡ī¤ī¨ī€ īƒĢīĨī€ īƒ„ī‚¸īƒ‡īŖ ī€ īƒ”ī€ ī‚Ēī‚˛īŠī€ ī‚ĸī•īƒŠīĸī¨ī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ī€ ī‚Šī‚ƒīĄī‚ƒī‚Ąī‚žī‚ĩī‚ˆī‚Ąī“ī‡ī€ īƒ€īƒī‡ī€ ī‚ŧī‹ī€ ī‚™ī‚Ąī‚Ÿīƒ™ ī€ ī‚…īīƒī‡ī¨ī€ ī‚šī‚Ąī”ī€ ī’ī‚ƒīƒ‡ī‚ˆīĨī‡ī€ ī‚‡ī‚˛ī‚Ŗī‚žīĨī€ ī‚‡ī‚˛ī‚„ī—ī€ ī‚ŋī™ī€ ī‚‡ī‚˛ī‚¸ī‚ˆīƒŸī€ ī‚‡ī‚˛ī‚„ī— ī€ ī‚ŋīĨī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚†ī‚ƒī‚‘ī‚Ąī‚īĻī‡ī€ ī‚‡īƒ‡ī‚ĄīƒŠīĸī€ ī‚ēī¨ī‚ƒī‚žīŠī€ īƒ“ī€ īƒ‚īĻī‡ī€ ī‚°īƒ‡ī‚Ąī–īƒī‡ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ īƒƒī‚˜ī§ ī€ īƒ›ī…ī‡ ī€ īīƒˆī‚Ąī‚īĒ ī€ ī‚šī‚ĩī‚Ąī‚žīˆ ī€ ī‚ƒīƒ‡īĨīƒŽī™ī…ī‡ ī€ ī‚ƒīƒī‚Šīĸīƒ„īĨ ī€ īƒ”ī€ ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“īƒ•ī‡ī€ ī‚‡ī‚Šī‚ģī‚Ąī‚īˆī€ ī‚™ī‚ĄīƒŠīĒī€ ī‚šī‚ĩī‚Ąī‚žīˆī€ ī‚ƒīƒī‚Ąī‚īƒ‡ī†ī‘ī¨ī€ ī‚‡ī‚˛īĒī‚™ī‚Šī¤ī‡ ī€ ī€Ŧī‚ŗīƒ‡ī‚¸īĒī€ īƒ•ī€ ī‚™īĨīƒī‡ī€ ī‡ī‚˜ī§ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ īƒ”ī€ ī‚‡ī‚Ąī•ī‚ƒīŽī¨ī€ ī‚™ī‚Ąī‚ŸīĨ ī€Žī‚‡īƒ‡ī‚„ī‚žīŒīƒīƒ•ī‡ī€ ī‚Šī‡ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“īƒ•ī‡ī€ īī‚™ī—ī€ īƒ‚īĻīƒī‚ƒī‚Ąī”ī€ ī‚ŋīĨī€ ī‚ļī¤īī€ īƒ€īƒ•

ī€ ī‚‡īƒ‡īƒ™ī‚ƒī‚Šī¤ī‡ī€ ī‰īžī ī  īĒī‡ī‚›ī ī  īƒ™ī‡ī€ ī‚šī ī īƒ‡ī  īŒīƒī‚ƒī  īŠ ī€ ī‚†ī‚ƒī ī ī‚„ī  ī‚Ąī  ī“īƒī‡ ī€ īƒˆī ī ī§ ī€ ī‚ƒī ī īĨī€ īƒ¸ ī€ŋī‚¤ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ īƒƒī‚ƒīƒ‡īĨī€ īƒ”ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋī™ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī‚¸ī¤

ī€ ī‚‡īƒ‡īĻīžī‚Šīƒ™ī‡ī€ ī‰ī¨īƒ­ī¤ī‡ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’ī¨ī€ īƒ€īƒī‡ī€ ī‚ēīƒ„īĸīƒī‡ī€ īƒ€īƒī‡ī€ īī¨īƒī‡ī€ īƒĻī…ī‡ ī€ ī‚‡īƒ‡ī‚ĄīƒŠīĸī€ ī‚ŋī™ī€ ī‚‡ī¤īƒ„ī‚€ī‚Ąī‚īĨī€ īƒąīšī¨ī€ ī‚ŗīƒ‡ī‚„ī‚ŖīŠī¨ī€ ī‚‡īƒ‡ī‚žīĄī€ ī‚‡īƒīŒī€ īƒˆī§ ī€ ī‚ĸī‚Ÿī‚”īŠī€ īƒˆī‚ˆī¤ī‡ī¨ī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ī€ īƒ”ī€ īī¨īžīƒ—ī‡ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠ ī€ ī‚Šī‚ƒīƒīŒī¨ī€ ī‘ī‚ƒī‚‘ī‚„ī¤ī‡ī€ īƒœī‚ƒī™īƒī‡ī€ īī¨īžīī€ ī‚ŧīƒ‡ī‚Ąī“īƒĢī¤ī€ ī‚ƒīƒ‡ī‚¸ī‚Šī¤ī‡ī€ ī‚‡ī‚žī‚Žī‚¸ī¤ī‡ ī€ īƒ•ī…ī‡ ī€ ī‚šī‚ģī‚ŠīĻī€ īƒ•ī€ ī‚ēī¨īƒĢīˆī€ ī‰ī‘ī‡ī’īƒ„ī ī īŖ ī€ ī‚ŋī‚‘īĻī¨ī€ ī€ īŠī‚™ī ī īŽīƒī‡ ī€ ī‚‡īĒīī‚ƒīƒ‡ī‚Ąī“ ī€ ī€Žī€ ī‚‡ī‚žī‚Žī‚¸ī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī‚ŋīĨī€ ī‚ƒī§ī‚˜īŽīƒī‚ƒīĻī€ īƒˆī‚ˆī¤ī‡ī€ ī‚Šī‚ƒīƒ‡ī‹ī‡īžīī…īƒŽī¤ī€ ī‚ƒī‚˛īĄī¨

ī€ ī‚¤ī†ī‡ī‚™īŽ ī€ ī‚Ēī ī īĸī‡ī¨ ī€ ī‚ŋī ī īĨ ī€ ī‚ŗī†ī‚ƒī‚˛īƒ—ī‡ ī€ ī‚‡īĒīī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ ī€ ī‚Šī‚ƒī ī īƒī īƒ–ī‡ ī€ ī‚Šī‚ƒīƒīƒ–ī‡ī€ īƒƒī‚˜ī§ī€ īƒ€īƒī‡ ī€ īžīŖī„īƒ„īĒī€ ī‚ĸī–ī‚™ī‚Šī¤ī‡ī€ ī‡ī‚˜ī§ī€ īƒ€ī‚ƒīŖī¨ī€ ī‚ŗī†ī‚ƒī‹ī¨ī¨ ī€ ī‡īžīŒī€ ī‚ŗīƒ‡īĸīī€ ī‚šī‚ĩī‚Ąī‚žīˆī¨ī€ īƒ‚īŒī¨ī€ ī‚šī‚ģīŖīƒī‡ ī€ īƒ…ī‚¸ī™ī€ ī‚ƒīƒī‚„īŒī‡īƒ„īˆī€ ī‚Ŋīƒ„ī‚˛īŠ ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚ąī‡ī‚™ī ī  ī—īƒīƒ•ī‡ ī€ ī‚ŋīĨ ī€ īƒąī‚‹ī‚ĩī¤ī‡ ī€ ī‚ļī¤ī‚˜īˆ ī€ ī‚Ēī‚žī‚ˆīĸī‡ī¨ ī€ ī‚‡īĒī‚ƒī‚Ŧī‚¸ī¤ ī€ ī‰ī¨īžī‚žī¤ī‚ƒīĄ ī€ ī‚ŗī†ī‚ƒī‚˛īƒ—ī‡ ī€ īƒƒī‚˜ī ī ī§ ī€ ī‚šī‚‹īĨ ī€ ī‚ƒīƒī‚žī™ ī€ ī‚…īƒ‡ī‚ŦīŠ ī€ ī‚‰ī ī īĻī‚ƒī ī īŖ ī€ ī‚ŋī‚ĩī¤ī¨ī€ īƒąī‹īƒī‡ ī€ ī‚ƒī‚ģīŖī¨ī€ ī‚ĸīƒŠī‚Šī‚„ī¤ī‡ī€ ī‚ƒīƒī¤ī€ ī‚ī¨ī‘ī€ ī‚ƒī‚ģī‚¸ī‚‹īĨī€ ī‚šī‚Ąī‚žī‚¯īŠī€ īƒš ī€ ī‚‡īī‡īƒĢī‚Ąī“īƒ•ī‡ī€ ī‰īƒĢīĄī€ ī‚…ī‚˛ī™ī€ ī‚‡īŖī‘ī‚ƒī‚Ąī‚žīƒ™ī‡ī€ ī‚šī‚ģī‚ĩīĒī€ īƒšī€ ī‚ĸīƒŠī‚Šī‚„ī¤ī‡ ī€ īƒ€īƒī‡ ī€ ī‚ēīƒ„īĸīƒī‡ ī€ īƒ€īƒī‡ ī€ ī‚Ēīƒ‡ī‚Ŗī‚ˆī‚Ąī“ī‡ī¨ī€ ī‰ī¨īžī‚žī¤ī‡ī€ ī‡īƒ„ī‚ģī‚Ļī‚žīĨī€ ī‚ƒī§ī‘ī‚™īĸī€ īƒˆī‚ˆī¤ī‡ ī€ īžīŒīƒ„īĒī€ īƒ•ī¨ī€ īƒˆīƒī‚ˆī‚žīĨī€ ī‚Ģīƒ„ī‚Ąī–īƒ„īĨī€ īī¨īžī ī īƒ—ī‡ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠī€ ī‚‡īƒ‡ī‚ĄīƒŠīĸ ī€ ī‚‡īƒ‡ī‚ģīƒ‡ī‚¸īĸī…īƒ•ī‡ ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ ī€ īƒ” ī€ īƒˆī‚Ąī•īƒŠīĸ ī€ ī¨īƒī‡ ī€ īƒˆī‚¸īƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ ī€ ī‚šīšīƒ„īŠ ī€ ī‚ēīƒ„īŽīžīˆ ī€ īƒ…ī‚ģī‚Ąī‚īĒ ī€ ī‚ƒīĨ ī€ īžīŒīƒ„īĒ ī€ īƒ•ī¨ ī€ ī‚™ī‚Ąī‚Ÿīƒ™ ī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī¨ ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ ī€ ī’ī‚ƒī‚Ŧī‚¸ī¤ ī€ ī‚ƒīƒī‚ˆīĸī‚™ī‚Ąī“ī¨ ī€ ī‚™ī‚Ąī‚ŸīĨ ī€ ī‚ŧī ī īī‘ ī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ ī€ŋī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡

ī€ ī‰ī‘ī‡ī’ī¨ī€ ī‚‰ī‚ģī‚‘īĸīƒī‡ī€ ī‡īī‚ƒī‚ģī‚¸īĄī€ ī‚ļī¤ī‚˜īŖī€ ī‚™īĨīƒīƒ•ī‡ī€ īƒ€ī‚ƒīŖī€ ī‡īī…ī‡ī€ īƒ¸ ī€ ī‚‡īĨī‚ƒī‚Ąī“īƒī‡ī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡ī€ īƒ”ī€ ī‚‡ī‚¸ī‚‹īƒ ī€ ī‚ƒīƒī‚Ąī‚ī‚¯īĻī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ ī€ ī‚‰ī‚ģī‚ĻīĻī¨ī€ ī€ ī‚¤ī‚Ŧī‚¸ī¤ī‡ī€ ī‡ī‚˜ī§ī€ ī‚šī‚‹īĨī€ ī‚‡ī‚Ąī‚žīĸī‚ƒī‚žīĨī€ īƒ”ī€ ī€ ī‚ēī‚ƒī‚ģīŖ ī€ŋī€ īƒ€īƒī‚ƒī‚Ąī‚žī¤ī‡ī€ ī‡ī‚˜ī§ī€ ī‚ēīƒ„īī€ ī‚‡īƒ‡ī‚ģī‚¸ī™ī€ ī‰ī¨īžīĻ

ī€ ī‚šī‚ģī™ī€ ī‚‡ī‚Ąī”ī‘ī¨ī€ īžī‚˛ī™ī€ ī‚ŋī™ī€ ī‰ī‘ī‡ī’īƒ„ī¤ī‡ī€ ī‚‰ī‚žī‚¸ī™īƒī‡ī€ ī‡īī‚ƒīƒ™ī€ ī‡īī…ī‡ī€ īƒ¸ ī€ ī‡īī…ī‡ ī€ ī‚‡īƒ‡ī‚ĄīƒŠī‚˛ī¤ī‡ī€ īƒƒī‚˜ī ī ī§ ī€ ī‚‡ī‚Ąī‚žīĸī‚ƒī‚žīƒ™ī€ ī‚ŗī ī īīƒ•ī€ ī‚‰ī ī īĸī¨ī€ īƒ” ī€ŋī€ īƒˆīƒī‚ˆī‚žīĨī€ ī‚Ģīƒ„ī‚Ąī–īƒ„īƒ™ī‡ī€ īƒ€ī‚ƒīŖ ī€ ī‚‡īĨī‚ƒī‚Ąī“īƒī‡ ī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡ī€ īƒ€īƒī‡ ī€ īƒ›ī…ī‡ ī€ īƒąī‚Ąī”īƒī‡ ī€ īƒ€īƒī‡ ī€ īžīˆīƒ•ī€ ī‚‡ī‚„ī‚Ąī“ī‚ƒī‚žīƒ™ī‚ƒīˆī€  ī€­ ī€ īƒƒī‚˜ī§ī€ ī‚™ī‚ĄīƒŠī‚‘īĒī€ ī‚ŋī ī ī¤ ī€ īƒ‚ī ī īĻī‡ī€ ī‚ŋī ī ī‚¸ī ī™īƒī‡ ī€ ī‚ēī¨īƒĢī ī ī‚„ī ī¤ī‡ī€ ī‚™ī ī īĒī’ī¨ī€ ī‚ēī‚ƒī‚ģīŖ ī€ ī‚ŋī™ ī€ ī‚šī‚‹īƒ  ī€ īƒ•ī¨ ī€ īƒ„ī§ ī€ īƒ• ī€ ī‚Ģī‚ƒī‚ģī‚ˆīŒīƒ•ī‡ ī€ ī‚‡ī‚Ąī‚ī‚¸īŒ ī€ ī¨īƒī‡ ī€ ī‚‡ī‚Ąī”ī‘īƒ„ī¤ī‡ ī€ ī‚ĸī‚Ÿī‚”īĒ ī€ īƒ• ī€ īī¨īžī ī  īƒ—ī‡ ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠ ī€ īƒ€īƒ• ī€ ī‚ēī¨īƒĢī ī ī‚„ī  ī¤ī‡ ī€ ī‰ī‘ī‡ī’ī¨ ī€ ī‚ŗīƒ‡ī‚Ąī–īƒī‡ ī€ īƒ”ī€ īƒ€īƒ„ī‚ĩī‚ˆī‚Ąī“ī€ ī‚ƒī ī īƒī īĻīƒī‡ ī€ ī‚ŋī ī ī‚¸ī ī™īƒī‡ ī€ īƒ‚ī ī īĻī‡ī€ ī‚ƒī‚ģīŖī€ ī‰ī‘ī‡ī’īƒ„ī ī ī ī¤ī‡ ī€ ī‚Šī‚ƒīƒīƒ–ī‡ī¨ī€ ī‚‡īĒīī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ī€ ī‚Šī‚ƒīƒīƒ–ī‡ī€ īƒ˛īˆī€ īƒ€īƒ„ī‚ĩī‚ˆī‚Ąī“ī¨ī€ īī¨īžīƒ—ī‡ ī€ īƒˆīĨīƒ„ī‚˛ī¤ī‡ī€ ī‚ŋīĨīƒīƒ•ī‡ī€ ī‚ƒīĒī‚ƒī‚ĄīƒŠīĸī€ ī‚ĸī‚Ÿī‚”īĒī€ ī‚ƒīĨī€ īƒ€īƒ•ī€ ī‚¤ī‚˛īĄī€ ī‚‡ī‚Ąī‚Ÿī‚ˆī‚”īƒ™ī‡ ī€ ī‡īžīƒ‡ī‚Šīˆī¨ī€ ī‰īī¨īžīƒžī€ ī‚‡ī‚¯ī‚Ąī‚Ÿīˆī€ ī‚ĸī‚žīĸī‚ƒī‚žīĒī€ īƒ€ī‡ī¨ī€ īžīˆīƒ•ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‚ƒī‚ĄīƒŠīĒīƒī‡ ī€ ī‚ƒī‚žī§ī€ īƒąī‚Ąī”īƒī‡ ī€ īƒ€ī‡ī¨ī€ īžī ī īˆīƒ•ī¨ī€ ī‚ŊīƒŽī ī ī™ī…īƒ•ī‡ī€ ī‚šī†ī‚ƒī‚Ąī“ī¨ī€ ī‚ŋī™ ī€ īī¨īžīī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠī€ ī‚‡īƒīŒī€ ī‚‰ī‚Ąī‚īƒ‡ī¤ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’ī¨ī€ īƒ€īƒī‡ ī€ īƒ›ī…ī‡ ī€ īƒ”ī€ ī‚™ī‚Ąī‚ŸīĨī€ īī¨īžīī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠī€ ī‚‡ī¤īƒī‚ƒī‚Ąī‚īƒŒī€ ī‚‡ī‚Ąī‚Ÿī‚ˆīƒŸī€ īƒąīšī€ īƒˆī§ī¨ ī€ ī‚ƒīƒ¤ī…ī‡ī¨ī€ ī‚ąī¨ī‚™ī‚ŠīĨī€ īƒ„ī§ī€ ī‚ƒī‚ģīŖī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī€ ī‚‡īƒ‡ī‚ģīƒ‡ī‚¸īĸī…īƒ•ī‡ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ ī€ŋī€ ī‚‡īĒīī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ī€ ī‚Šī‚ƒīƒīƒ–ī‡ī€ īƒˆī§ī€ ī‚ļī¤īī€ ī‚ŋī™ī€ īžīƒ‡īīƒ„ī¤ī‡ī€ ī‚ēīƒ„ī‚€ī‚Ąī‚īƒ™ī‡

ī€ ī‰ī‘ī‡ī’ī¨ī€ ī‚…īĻī‚ƒīŒī€ ī‚ŋī ī īĨ ī€ ī‚ŗī†ī‚ƒī‚˛īƒ—ī‡ī€ īƒƒī‚˜ī ī ī§ ī€ ī‚šī‚‹īĨī€ ī‚“ī‚™ī ī ī— ī€ īƒ€ī‚ƒī ī īŖī€  ī€­ ī€ ī‚‡īƒ‡ī‚ģī‚¸ī™ī€ ī‰ī¨īžī ī  īĻ ī€ ī‘ī‚ƒī ī ī ī—ī…ī‡ ī€ īƒ”ī€ ī‡īžī ī īŒ ī€ īƒ‰ī‘ī¨ī‚™ī ī ī‚Ąī  ī– ī€ ī‚ēī¨īƒĢī ī ī‚„ī  ī¤ī‡ ī€ īƒ…ī‚¸ī™ī€ ī‚ēīžī ī īƒ–ī‡ī€ ī‡ī‚˜ī ī ī§ ī€ ī‚™ī‹ī„īƒ„īĒī€ īƒ•ī€ īƒ…ī‚ˆīī€ ī‚ŗī†ī‚ƒī‚˛īƒ—ī‡ī€ ī‚°ī‚Ąī‚žī‚ĩīŠ ī€ īƒ…ī‚¸ī™ī€ īī‚™ī‚¸ī¤ī€ ī‚ŧīƒīĨī€ ī‚ļī¤īī€ īƒ€ī‚ƒī‚ĩīĄī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’īƒ„īˆī€ ī‚šī‚ģī‚Šī¤ī‡ ī€ ī‰ī‘ī‡ī’ī¨ ī€ īƒ€īƒ• ī€ ī‚ļī¤ī ī€ ī‰ī‘ī‡ī’īƒ„ī ī ī¤ī‚ƒī ī īˆ ī€ īƒ˛ī‚Ąī‚ŸīˆīƒĢīƒ™ī‡ī¨ ī€ īƒ˛ī‚ĩī‚ĩī‚Ąī‚žīƒ™ī‡ ī€ īƒšī€ īƒˆī‚ˆī¤ī‡ī€ ī‰īžīƒ‡īīƒ„ī¤ī‡ī€ ī‰ī‘ī‡ī’īƒ„ī¤ī‡ī€ ī‚ƒīƒīĻīƒīƒ• ī€ ī‚‡īĄīžīƒī‚ˆī‚Ąī‚īĨī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ ī€ ī‚™īĒī‚ƒī‚žīĒī€ ī‚ŋīĨī€ ī‚ŋīĒī‚™ī‚Ąī‚žī‚Šī¤ī‡ī¨ī€ ī‚ĸī‚īĨī‚ƒīƒ˜ī‡ī€ ī‰ī‘īƒ„ī‹ī€ ī‚ī‡īžīīƒī‚ƒīˆī€ ī‚™ī‹īƒī‚ƒī‚ˆīŠ ī€ ī‰ī‘īƒ„ī‚‹ī¤ī‡ī€ īžī‚Šīˆī€ īƒ•ī¨ī€ īī‚ƒī‚žī‹īƒī‡ ī€ īƒ•ī¨ī€ ī‚šī‚„īĸī€ īƒ•ī€ ī‚ƒīƒīŒī‚ƒī‚ˆīĻī…ī‡ ī€ ī‚™ī‹īƒī‚ƒī‚ˆīĒī€ īƒšī¨ ī€ ī‚ƒīƒī‚¸ī‚ŠīŒī€ ī‚ƒīĨī€ īƒ„ī§ī¨ī€ ī‚ī‚ƒī‚ˆīĻī…īƒ•ī‡ī¨ī€ ī‚šī‚ģī‚Šī‚¸ī¤ī€ īžīƒ‡īŒī€ ī‚Ŋī‚ƒī‚ĻīĻī€ ī‚ƒīƒīĒīžī¤ī€ īƒ€īƒ• ī€ ī‚‡īƒ‡īŒī‚ƒī‚ˆīĻī…īƒ•ī‡ī€ ī‚ƒīƒīŠīƒąī‚Ąī‚īĨī€ ī‚šīƒ‡ī‚Ŗī‚ŠīŠī€ ī‚ąīžīƒīˆī€ ī‚‡īĄīžīƒī‚ˆī‚Ąī‚īĨī€ ī‰ī‘ī‡ī’ī¨ ī€ ī‚‡īƒ‡ī‚ģī§ī¨ ī€ ī‚‡īƒ‡īĨīƒŽī™ī…ī‡ ī€ ī‚ˇī‘ī‚ƒī‚ŠīĨ ī€ īƒ” ī€ ī‚ƒīƒī‚ŖīĒī‘īƒ„īŠ ī€ ī‚ēīƒŽī ī īŽ ī€ ī‚ŋīĨ ī€ īƒˆī™ī‡ī‚™īŠ ī€ īƒ• ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚ŊīƒŽī ī ī™ī…īƒ•ī‡ ī€ ī‚šī†ī‚ƒī‚Ąī“ī¨ ī€ ī‚ŋīĨ ī€ īžīĒīžī‚Šī¤ī‡ ī€ īƒŠī™ ī€ ī‚ƒī‚˛īˆī‚ƒī‚Ąī“ ī€ ī‚‰ī‚¸īĸ ī€ ī‚ƒī‚ģīŖ ī€ ī‚‡ī‚ˆī‚‘ī‚„ī¤ī‡ ī€ ī‚‡īĒī‘ī‚ƒī‚Žī‚ˆī¤ī‡ ī€ ī‚ƒīƒī‚ˆī‚‘ī‚¸ī‚Ąī‚ŸīĨ ī€ īƒ•ī…ī‡ ī€ ī‰īžī§ī‚ƒī‚Ąī‚žīƒ™ī‡ ī€  ī€ īƒ…ī‚¸ī™ ī€ īī‡īƒ„ī‚‘ī‚ˆī‚Ąī“īƒ•ī‡ ī€ ī‚…ī‚Ąī‚īĻ ī€ īƒ…ī‚¸ī™īƒī‡ ī€ ī‚ŗīƒ‡ī‚˛īƒī¨ ī€ ī‚Šī‚ƒīĻīƒŽī™ī…īƒ•ī‡ī€ ī‚ŋīĨī€ ī‘īžīĸī€ īƒŠīŖī‡ī€ īƒ…ī‚¸ī™ī€ ī‚ēīƒ„ī‚Ąī‚Ÿīƒ—ī‡ī€ ī‚ŧī‹ī€ ī‚ŋīĨī¨ ī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ŋī™ī€ ī‚™ī‚Ļī‚žī¤ī‡ī€ ī‚ĸīƒŠī‚Ŧīˆī€ ī‚‡ī‚¸ī†ī‚ƒī—ī€ ī‚“ī‚ƒī ī īˆī‘īƒī‡ ī€ ī‚ŗīƒ‡ī‚˛ī‚‘ī‚ˆī¤ ī€ ī‚ˇī‚ƒī‚žī§ī€ īƒ€īƒ„ī‚ĩīĒī€ īƒ€īƒī‡ī¨ī€ īžīˆīƒŽīĄī€ īƒ‚īĨīžī™ī€ ī‚ŋīĨī€ ī‚™ī‚Ąī‚Ÿīƒ™ī€ ī‚‡īƒ‡ī‚žī—īƒ„ī¤ī‡ ī€ ī‚ƒīƒī‚Šī‚ĄīƒŠīĒī¨ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚ŸīĨī€ īƒ›ī…ī‡ ī€ ī‚ąīžīƒīĒī€ īƒˆī™ī‡ī¨ī€ ī‚ŊīƒŽī™ī…ī‡ ī€Žī‚™īŽīƒī‡ī€ ī‘ī‚ƒī‚„ī‚ˆī™ī‡ī€ īƒ‰īƒī‡ī€ ī‚šī‚„īĸ

ī€ ī‚ŋīĨī€ ī‚šī ī ī‚Ąī ī” ī€ ī‚‡ī ī īŖī‚™ī ī ī‚Ąī ī” ī€ ī‚†ī‚ƒī ī ī‚‘ī ī‚Ąī ī‚ī īĻī‡ī€ ī‚‡īƒ‡ī‚ĄīƒŠī‚˛ī¤ī€ īƒˆī ī īŠīƒī‚ƒī  īĻī€ īƒ¸ ī€ ī‚‡īƒ‡ī‚ĄīƒŠīĸī€ ī‚‡ī‚Ąī‚žīĸī‚ƒī‚žīƒ™ī€ ī‰ī¨īžīĻī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’ī¨ī€ ī‚Šīžī‚˛ī™ī€ īƒ¸ ī€ ī‡īī‚ƒīƒ™ī€ ī‚¤ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ īƒ”ī€ ī‚ƒī§ī’ī‚ƒīƒ‡ī‚ˆīĨī‡ī€ ī‚‡ī‚˛ī‚Ŗī‚žīĨ ī€ īī‡īƒŠī ī  īƒ˜ī‡ī€ ī‚ĸī ī īƒŠī ī‚Šī īˆ ī€ īƒ€īƒī‡ ī€ īƒ•ī…ī‡ ī€ īī¨īžī ī  ī īƒ—ī‡ī€ ī‚ŧī ī īƒ‡ī ī‚Ąī ī“ī‚™ī ī īŠ ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ ī‚†ī‚ƒī‚‘ī‚Ąī‚īĻīƒ•ī‡ī€ ī‡ī‚˜ī§ī€ ī‚™ī‚ĄīƒŠīĒī€ ī‚šī§ī¨ī€ ī‚‰ī‚„ī‚‘ī‚Ąī‚īĻī‡ ī€ ī‚šī†ī‚ƒī‚Ąī“ī¨ ī€ ī‚ĸīƒŠī‚Šīˆ ī€ ī‚ƒīƒī‚ˆī‚¯ī‚Ąī•ī¨ī¨ ī€ ī‚ƒīƒī‚žīĨ ī€ ī‡īƒ„ī‚„ī‚‘ī‚Ąī‚īĻī‡ ī€ŋī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ ī€ŋī€ ī‚ļī‚˛īƒ‡ī‚¸ī‚ŠīŠī€ ī‚ƒīĨī€ ī‚‡ī‚¸ī‚Ąī”ī‚ƒī‚¯ī¤ī‚ƒīˆī€ ī‚ŊīƒŽī™ī…īƒ•ī‡ ī€ īƒˆī‚Šīƒ‡ī‚„ī—ī€ īƒˆī‚¸ī‚”īŠī€ īƒ…ī‚ģī‚Ąī‚īĒī€ ī‚ƒīƒ¤ī…ī‡ī¨ī€ ī‚†ī‚ƒī‚‘ī‚Ąī‚īĻī‡ī€ īƒ…ī‚ģī‚Ąī‚īĒī€ īƒ•ī€ ī‡ī‚˜ī§ī€  ī€­ ī€ ī‚ƒīƒī‚ˆīĨī‚™īˆīƒī‡ ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠīƒ•ī‡ ī€ īīƒ„ī‚žīˆ ī€ ī‚…īŒīƒ„īƒŒ ī€ ī‚Ēīĸīƒ„īƒ™ī‡ ī€ ī‚ŋī™ ī€ ī‚ŋīĨī€ ī‚Šī‡īƒĢīĄī€ ī‚īƒŽī‹ī€ īī‚ƒīƒī‚ˆīĻī‡ī€ īžī‚Šīˆī€ ī‰ī‘ī‡ī’īƒ„ī ī ī¤ī‡ī€ ī‚ĒīĨī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‡ī‚˜ī§ī¨ī€ ī‚ƒīĨī‚ƒī™ī€ ī€ąī€˛ī€ ī‰īžīƒ™ī€ ī‚Šīžī‚ˆīĨī‡ī€ ī‚ąī‚ƒī‚Ąī‚žī‚ĩī‚ˆī‚Ąī“īƒ•ī‡ī¨ī€ ī‚Œī‚‘ī‚„ī¤ī‡ ī€ īžīƒ‡īŖīƒī‚ƒīŠ ī€ ī‚šī‚ĩīˆ ī€ īƒ‰ī‚™ī ī ī‚Ąī ī‚Ÿī īƒ™ī‡ ī€ ī‚ēī¨īƒĢī ī ī‚„ī  ī¤ī‡ ī€ ī‚Ģī‚ƒī ī ī‚Ŗī īĸ ī€ ī‚™ī‚ĄīƒŠīĒ ī€ ī‚ŋī ī ī¤ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‚ƒīƒīˆ ī€ ī‚šī‚ģī‚ŠīŠ ī€ ī‚‰īĻī‚ƒīŖ ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚Šī‚ƒīŖīƒ„ī‚¸ī‚„ī¤ī‡ ī€ ī‚ĸī‚ī‚¯īĻī¨ ī€ īƒˆī‚ˆī¤ī‡ī€ ī‰īžī ī īĒī‡ī‚›ī ī īƒ™ī‡ī€ ī‘ī‚ƒī ī ī—ī…ī‡ ī€ īƒ”ī€ ī‚ƒīƒīī‚™ī—ī€ īƒ“ī€ īƒˆī‚¸ī‚”ī‚ˆī¤ī‡ī€ ī‚šī‚„īĸ

ī€ ī‚‰ī‚¯ī‚Ąī‚žīŖī¨ī€ ī‡īžīŒī€ ī‚‡ī‚‘īŒī‚ƒīĻī€ ī‰ī¨īžī‚žī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī‚‰īĻī‚ƒīŖī€ ī‚ĸī‚ī‚ĩī‚Šī¤ī‚ƒīˆī€  ī€­ ī€ ī‚‡īƒ‡ī‚ĄīƒŠī‚˛ī¤ī‡ī€ īƒƒī‚˜ī ī īƒī īˆ ī€ ī‚‡ī ī ī‚Ąī ī•ī‚ƒī ī īƒ˜ī‡ī€ ī‚ŗī ī ī†ī‚ƒī ī ī‚˛ī īƒ—ī‡ī€ ī‚ŋī ī īĨ ī€ īžī ī īĒīžī ī ī‚Šī ī¤ī‡ ī€ ī‡ī‚˜ī§ ī€ īƒ” ī€ ī‚‡īī¨ī‚™ī‚Ŗīƒ™ī‡ ī€ ī‚Šīƒ•ī„ī¨ī‚ƒī‚Ąī‚ī‚ˆī¤ī‡ ī€ ī‚šī ī īŖ ī€ ī‚ŋī ī ī™ ī€ ī‚‰ī ī īˆī‚ƒī ī īŒīƒī‡ī¨ ī€ īī‡īƒŠī ī īƒ˜ī‡ī€ ī‚ŋī ī īĨ ī€ īžī ī īĒīžī ī ī‚Šī ī¤ī‡ī€ ī‚ƒī§īƒ„ī‚¯īƒ‡ī‚Ąī–ī€ īƒ€ī‚ƒī ī īŖī¨ī€ ī‚Ģīƒ„ī ī ī‚Ąī ī–īƒ„ī ī īƒ™ī‡ ī€ ī‚šīŖ ī€ ī‰ī¨īžī‚žī¤ī‡ ī€ ī‚‰ī‚Šī‚žīĸīƒī‡ī¨ ī€ ī‚‡īĒīī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ ī€ ī‚Šī‚ƒīƒīƒ–ī‡ī¨ ī€ īī‚ƒī‚¯īŖīƒīƒ•ī‡ ī€ ī‚ŋīĨ ī€ īƒąī‚‹ī‚ĩī¤ī‡ ī€ ī‚‰ī ī ī‚‘ī ī‚Ąī ī–ī¨īƒī‡ī¨ ī€ īƒ˛ī‚ĩī‚ĩī‚Ąī‚žī‚ˆīƒ™ī‡ī¨ ī€ īƒ˛ī‚Ąī–īƒĢī‚Šīƒ™ī‡ ī€ ī‚‰ī‚Ąī–ī‚™ī™ī¨ ī€ ī‚¤ī‚Ŧī‚¸ī¤ī‡ ī€ ī‡ī‚˜ī ī ī§ ī€ ī‚ƒīƒī¤īƒ„ī ī€ īƒąī ī ī‹īƒī‡ ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚Ĩī‚ƒī‚˛ī‚žī¤ī‡

ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋī™ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī‚¸ī¤ī€ ī‚‡īƒ‡īƒ™ī‚ƒī‚Šī¤ī‡ī€ ī‰īžīĒī‡ī‚›īƒ™ī‡ī€ ī‚šīƒ‡īŒīƒī‚ƒīŠī€ īī‡ī‘ī¨ī€ ī‚™ī‚Ąī‚Ÿīƒ™ī€ ī‚‡īƒ‡ī‚žī—īƒ„ī¤ī‡ī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‰īžīĒīžīŒī€ ī‚Šī‡ī‚›ī‚¯īƒžī¨ī€ ī‚Ĩī¨ī‚™ī‚Ąī”ī€ ī‚Ēī‚ĄīƒŠī‚žī‚Ąī“ī¨ Petroleum Today

- November 2012

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ī€ ī‚™ī‚ĄīƒŠīĒī€ ī‚šī‚ĩī‚Ąī‚žīˆī€ īī¨īžīƒ—ī‡ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠī€ ī‚‡īƒ‡ī‚ĄīƒŠīĸī€ ī‚‰ī¤ī¨ī‚ƒī‚žīŠī€ ī‚ŊīƒŽī™ī…īƒ•ī‡ī€ ī‚šī†ī‚ƒī‚Ąī“ī¨ ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ īƒˆīĨīƒ„ī‚˛ī¤ī‡ī€ ī‚ŋīĨīƒīƒ•ī‚ƒīˆ

ī€ ī‚™ī‹īƒī‚ƒī‚ˆīĒī€ īƒšī€ īƒˆī‚ˆī¤ī‡ī€ ī‰īžīƒ‡īīƒ„ī¤ī‡ī€ ī‰ī‘ī‡ī’īƒ„ī¤ī‡ī€ ī‚ƒīƒīĻīƒīƒ•ī€ ī‚‡īĄīžīƒī‚ˆī‚Ąī‚īĨī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’ī¨ ī‚™ī‚Ąī‚ŸīĨī€ ī‚ƒī§īžīƒī‚Ąī‚žīŠī€ īƒˆī‚ˆī¤ī‡ī€ ī‚‡īƒ‡ī‚Ąī“ī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ī€ ī‚ī‡īžīīƒīƒ•ī‚ƒīˆī€ ī‚ƒīƒīƒ‡īĄī€ ī‚šī‚ģī‚Šī¤ī‡ ī€ īƒˆī‚ˆī¤ī‡ī€ ī‚Ēīˆī‡ī¨ī‚›ī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī‚šī‚‹īĨī€ ī‰ī‘ī‚ƒī ī ī‹ī…ī‡ī¨ī€ ī‚‡ī‚ģī†ī‚ƒī‚˛ī¤ī‡ī€ ī‚‡īƒ‡ī‚Ąī“ī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ ī€ īƒ‚ī¤ ī€ ī‚ĸī‚īƒ‡ī¤ ī€ ī‚‰ī‚‘īˆ ī€ īƒ‰ī‘ī‚ƒī ī īƒŽ ī€ ī‚šī‚ĩī‚Ąī‚žīˆ ī€ ī‚ŊīƒŽī ī ī ī™ī…īƒ•ī‡ ī€ ī‚ƒīƒī¤ī¨ī‚ƒī‚žīŠ ī€ īƒˆī™ī‡ī‚™īĒī€ ī‚šī‚ĩī‚Ąī‚žīˆī€ īƒ•ī¨ī€ ī‚‡ī¤ī¨īžī‚¸ī¤ī€ ī‚‡īƒ‡ī‚žī—īƒ„ī¤ī‡ī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚Ÿīƒ™ī‚ƒīˆī€ ī‚‡īĸīƒŽī™ ī€ ī‚ēīƒ„ī‚˛ī‚Šīƒ™ī‡ī€ ī‚ŋīĨī€ ī‚šīƒīĄī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ īƒˆīĨīƒ„ī‚˛ī¤ī‡ī€ ī‚ŋīĨīƒīƒ•ī‡ī€ ī‚Šī‚ƒīƒ‡ī‚ĄīƒŠī‚ˆī‚˛īĨ ī€ ī‡ī‚˜īƒīˆī€ īī¨īžīƒ—ī‡ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠī€ ī‚šī‚‹īĨī€ ī‚‡ī‚Ąī“ī‚ƒī‚Ąī‚īī€ ī‚‡īƒ‡ī‚ĄīƒŠīĸī€ ī‚‡ī‚Ąī‚žīĸī‚ƒī‚žīĨ ī€ ī‚Ģī‚ƒī‚Ŗīĸ ī€ īƒ…ī‚¸ī™ ī€ ī‰ī‚™ī ī īĨī‡ī„īƒ„ī  īƒ™ī‡ ī€ īī‚ƒī ī ī‚Šī  īˆīƒī‡ ī€ ī‚°ī‚Ąī‚žī‚ĩī‚ˆīŠī¨ ī€ ī€ŋ ī€ ī‚šī‚ĩī‚Ąī‚žī¤ī‡ ī€ īƒ€īƒī‡ ī€ īƒ›ī…ī‡ ī€ ī‚™ī‚Ļī‚žī¤ī‡ ī€ ī‚‰ī‚¯ī‚¸īĻ ī€ ī‚ƒīĨīžī‚žī™ ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‚ēī¨īƒĢī ī ī‚„ī  ī¤ī‡ ī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ī¨ī€ ī‚ĸī•īƒŠīĸī€ ī‚ŋīĨī€ īƒŽīŖī€ ī‚Ŋī‚ƒīƒ‡īĸī€ ī‚ĒīĨī€ ī‚ŋīĨī‡ī‚›ī‚ˆīĒī€ ī‚ļī¤ī ī€ ī‚‰īī‚™ī—ī€ īƒ‰ī‚˜ī¤ī‡ī€ ī‚‰īƒ‡īĸīƒ„ī‚ˆī¤ī‡ī€ ī‚ĸī‚ī‚¯īĻī€ īƒ”ī€ īƒ˛īŠīžīĒī‡ī‚›īĨī€ ī‚“ī‚™ī‚Ŗīˆ ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ī¨ ī€ ī‚Œī‚‘ī‚„ī‚¸ī¤ ī€ ī‚‡īƒ‡īƒ™ī‚ƒī‚Šī¤ī‡ ī€ ī‰īžī ī īĒī‡ī‚›ī ī īƒ™ī‡ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ īƒ‚īƒ‡īĄ ī€ īƒ€īƒī‡ ī€ ī‚…ī‚ŽīĒī€ ī‚ƒī‚ģīŖī€ ī€ ī‚¤ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ īƒƒī‚ƒīƒ‡īĨī€ īƒ”ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋī™ ī€ ī‚Šī‚ƒī—īƒ„ī‚ŖīƒŸī€ ī‚ļī‚¸ī‚ˆīƒ§ī€ ī‚ŋīĨī€ īƒī‚ƒī‚Žī‚¸īĒī€ īƒšī€ ī‡īī‚ƒīƒ™ī€ ī‚ƒī‚žī§ī€ ī‚ēīī‚ƒī‚Ąī‚īŠīƒī‡ ī€ īƒ›ī…ī‡ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī’ī‚ƒī‚Ŧī‚¸ī¤ī€ ī‚ĸī•īƒŠīĸī¨ī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ī€ ī‚‡īĸī‚™ī‚Ąī“ī€ īƒˆī™īžīŠ ī€ īƒ•īžīˆ ī€ ī‚‡ī‚Ąī‚Ÿī‚ˆī‚”īƒ™ī‡ ī€ ī‚‡īĒīī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ ī€ ī‚Šī‚ƒīƒīƒ–ī‡ ī€ īƒ›ī…ī‡ ī€ ī‚ƒīƒīƒ§īžī‚˛īŠ ī€ ī‚ƒī§ī‚ƒī‚žīĒīƒī‡ī‘ ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚‡ī‚¸ī‚„ī‚¸ī‚„ī¤ī‡ ī€ ī‰ī‘ī‚ƒī ī ī‹ī…ī‡ī¨ ī€ ī‚ĸī‚žīĒīƒ„ī‚Ąī‚žī‚ˆī¤ī‡ ī€ ī‚‡ī¤ī‚ƒī ī€ ī‚ŋīĨ ī€ īƒ”ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚ŸīĨī€ ī‚™ī‚ĄīƒŠīĒī€ ī‚šī‚ĩī‚Ąī‚žīˆī€ ī‚ŊīƒŽī™ī…īƒ•ī‡ī€ ī‚šī†ī‚ƒī‚Ąī“ī¨ī€ īƒ” ī€ ī‚ŧī‹ī€ ī‘īƒ„ī§īžī‚ˆī¤ī‡ī€ ī‚ŋīĨī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ īī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī€ īƒ‚īƒ‡īĄī€ īƒĻī‚ƒī‚ŠīĒī€ ī‚‰īĸī¨ 9

Petroleum Today

ī€ ī‚Šī‚ƒīƒ‡īĻī‚ƒī‚ĩīĨī…īƒ•ī‡ ī€ ī‚ŋīĨ ī€ īžīĒīžī‚Šī¤ī‡ ī€ ī‚ƒīƒīĒīžī¤ ī€ ī‚™ī‚Ąī‚Ÿī‚ģīĄ ī€ īƒ• ī€ ī‚Ēī‚„ī‚Ŗī¤ī‚ƒīˆī€  ī€­ ī€ īī‚™ī‚¯ī‚žīŠī€ īƒˆī‚ˆī¤ī‡ī€ ī‚‡ī‚¸īĒīƒ„ī‚Ŗī¤ī‡ī€ ī‰īƒŠīƒ˜ī‡ī¨ī€ ī‚‡ī‚Ąī•ī‚ƒīƒ˜ī‡ī¨ī€ ī‚Šī‡ī‚›īƒ‡ī‚ģīƒ™ī‡ī¨ ī€ īƒ”ī€ ī‚‡ī‚¸īĒīƒ„ī—ī€ ī‰īƒŠīŽī€ ī‚ļī‚¸ī‚ˆīƒ’ī€ īƒˆīƒīĄī€ ī‚ēī¨īžī ī ī¤ī‡ī€ ī‚ļī‚¸īŠī€ ī‚ŋī™ī€ ī‚ƒīƒīˆ ī€ ī‚‰ī‚¸īĸ ī€ ī‚ƒī‚ģīŖ ī€ ī‚ēī¨īƒĢī ī ī‚„ī ī¤ī‡ ī€ ī‚ŋī ī ī™ ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ī¨ ī€ ī‚Œī‚‘ī‚„ī¤ī‡ ī€ ī‚ēī‚ƒī ī īƒ ī€ ī‡īžīŒ ī€ ī‚‡īƒ‡ī¤ī‚ƒī™ ī€ ī‚Šī‚ƒī‚Šīĸīƒ„īŠ ī€ ī‚ƒīƒīĒīžī¤ ī€ īƒ€īƒī‡ ī€ ī‚ļī ī ī¤ī ī€ īƒ›ī…ī‡ ī€ ī‚ąī‚ƒī‚ĄīƒŠīĒ ī€ ī‚ŗī—ī‚ƒī‚žīƒ™ī‡ī€ ī‚ļī‚¸īŠī€ īƒ”ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĨī€ īƒąī‚„īŖī€ īƒˆī—ī‚ƒīƒ‡ī‚ˆīī‡ī€ īīƒ„īŒīƒ„īˆ ī€ ī‚ƒī‚˛ī‚„ī—ī€ ī‚ļī ī  ī¤īī¨ī€ ī‰ī‘ī¨ī‚ƒī ī ī‚Žī  īƒ™ī‡ī€ ī‚ēī¨īžī ī  ī¤ī‡ī€ īƒˆī—ī‚ƒīƒ‡ī‚ˆīī‡ī€ ī‚´īƒ„ī ī ī‚¯ī īĒ ī€ ī‚‡īī‚ƒī‚Ąī‚īƒ™ī‡ ī€ ī‚‡ī‚€īƒ‡ī§ ī€ ī‚ŋī ī ī™ ī€ ī‚Šī‘īžī ī ī‚Ąī ī• ī€ ī‚™īĒī‘ī‚ƒī‚˛īŠī¨ ī€ ī‚Šī‚ƒī ī ī‚Ąī ī“ī‡ī‘īžī ī ī¤ ī€ ī‚īīƒ„īƒ¤ ī€ ī‚ƒīƒīĒīžī¤ ī€ ī‚™īĄī‡īƒ„ī‚ˆīĒ ī€ ī‚ƒī‚ģīŖ ī€ ī‚‡īƒ‡ī‚ĩīĒī‚™īĨīƒīƒ•ī‡ ī€ ī‚‡īƒ‡īŒīƒ„ī¤īƒ„īƒ‡īƒ–ī‡ ī€ ī‚šī‚ģī‚ŠīŠī€ īƒˆī‚ˆī¤ī‡ī¨ī€ ī‚Šī‡īƒ„ī‚žī‚Ąī“ī€ ī‚˜ī‚žīĨī€ ī‚Šī‚ƒīƒ‡īĸī‚ƒī‚¯īŠīƒŽī¤ī€ ī‚™ī‚˛ī‚ˆī‚Ąī‚īĨī¨ī€ īžīƒ‡īŒ ī€ ī‚ąī‚™ī‚ŠīŠī€ ī‚ƒī§ī‘ī¨īžīˆī€ īƒˆī‚ˆī¤ī‡ī¨ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī‚ĒīĨī€ ī‚ƒī§ī‚ƒī‚ĄīƒŠī‚ˆī‚˛īƒŒ ī€ ī‚Œīƒ‡ī ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‚ēī¨īƒĢī ī ī‚„ī  ī¤ī‡ ī€ ī‚Ģī‚ƒī ī ī‚Ŗī īĸ ī€ ī‚Ēī ī īĨ ī€ ī‚šī‚ģī‚Šī¤ī‡ ī€ ī‚‡ī‚ģīƒ‡īĸ ī€ ī‚ŗī—ī‚ƒī‚žīƒ™ī‡ ī€ ī‚Šī‡ī‚™ī‚Ąī‚žī™ ī€ īƒ…ī‚¸ī™ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ ī€ īƒƒī‚˜ī ī ī§ ī€ ī‚‰ī‚¸ī‚Ąī‚Ÿī ī€ īƒšī€ ī‚Šī‡ī‚›īƒ‡īƒ ī€ īƒ…ī§ī¨ī€ ī‚īīƒ„ī‚ģī‚žī¤ī‡ī€ ī‡ī‚˜ī§ī€ ī‚…īŒīƒ„īƒŒī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī‚¸ī¤ ī€ īī‡īƒ„ī‚‘ī‚ˆī‚Ąī“īƒŽī¤ ī€ ī‚ƒīƒīƒ‡īĄ ī€ ī‚ļīƒ‡ī‚ĩī‚Ąī‚žī‚ˆī¤ī‡ ī€ īƒ€īƒ„ī‚Ąī‚īĄī‚ƒī‚žīƒ™ī‡ ī€ ī‚Ēī‚Ŗī‚ˆī‚Ąī‚īĒ ī€ īƒ›ī…ī‡ī€ ī¨ī‚ƒī ī ī‚Žī ī‚¸ī īĄī€ ī‚Šī‚ƒī ī īŖī‚™ī ī ī‚Ąī ī‚žī ī¤ī‡ī€ īƒƒī‚˜ī ī ī§ī€ ī‚Šī‡ī‘ī‚ƒī ī ī‚ģī ī‚‹ī ī‚ˆī ī‚Ąī ī“ī‡ī€ īƒ…ī ī ī‚¸ī ī™ ī€ ī‚Ģī‚ƒī‚Ąī–ī¨īƒīƒ•ī‡ī€ īƒ˛ī‚¸ī‚Ŧī‚ˆī‚Ąī‚īĨī€ ī‘ī‡ī‚™ī‚˛ī‚ˆī‚Ąī“īƒ•ī‡ī€ ī‚–ī‚ƒī‚žīĨī€ ī€ īƒ”ī€ ī‚ļīƒ‡ī‚ĩī‚Ąī‚žī‚ˆī¤ī‡

- November 2012

ī€ ī‚šīƒ‡ī‚„ī‚Ąī“ī€ īƒ…ī‚¸ī™ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī‚ŋīĨī¨ī€ īŠī‚™īŽīƒīƒ•ī‡ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‚ĸī‚žī‚ˆīĒī‚™īˆī¨ ī€ ī‚ŧīƒ‡ī¤ī¨īƒĢīˆ ī€ ī‚ĸī‚žī‚ˆīĒī‚™īˆ ī€ ī¨ ī€ ī‚šī‚Ąī” ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī” ī€ ī‚ēī‚ƒī‚‹īƒ™ī‡ ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ ī€ ī‚Šī‚ƒī ī īŖī‚™ī ī ī‚Ąī ī” ī€ ī‚ŋī ī īĨ ī€ ī‚ƒī ī ī§īƒąī ī īšī¨ ī€ īƒ€ī¨ī‚™ī‚¯īƒ‡ī‚Ąī”ī¨ ī€ ī’ī‚ƒī ī īŒ ī€ īƒ”ī€ ī‚‡ī‚ģī‚”ī‚Ąī–ī€ ī‚ēīƒ„īĨīƒī‡ī€ ī‚™ī‚ģī‚‹ī‚ˆī‚Ąī‚īŠī€ īƒ€īƒī‡ī€ ī‚Ēīƒ‡ī‚Ŗī‚ˆī‚Ąī‚īŠī€ īƒˆī‚ˆī¤ī‡ī€ īŠīƒŠī‚ĩī¤ī‡ ī€ ī‚ƒī‚ģīŖī€ īƒ‚īĻīƒīƒ• ī€ ī‚ļī¤īī€ ī‚‡ī‚˛īƒ‡ī‚ģī‚Šī¤ī‡ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ī€ īƒ”ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ī¨ī€ ī‚Œī‚‘ī‚„ī¤ī‡ ī€ ī‚ƒīƒ‡īŒīƒ„ī¤īƒ„ī‚žī‚ĩīŠī€ īƒ›ī…ī‡ī€ ī‚ī‚ƒī‚ˆī‚‘īĒī€ ī‚šī‚ģī‚Šī¤ī‡ī€ ī‡ī‚˜ī§ī€ īƒ€ī‚ƒīĄī€ ī‚ąī¨ī‚™ī‚ŠīĨī€ īƒ„ī§ ī€ īƒ€īƒ•ī€ ī‚‡ī‚ģī‚”ī‚Ąī–ī€ ī‚Šī‡ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“ī‡ī€ īƒ›ī…ī‡ ī€ ī‚‡īĄī‚ƒī‚Ąī–ī…īƒ•ī‚ƒīˆī€ ī‡īžīŒī€ ī‚‡īƒ‡ī¤ī‚ƒī™ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒƒī‚˜ī§ī€ īīžī™ī€ īƒ€īƒ•ī¨ī€ ī‚‡ī‚˛īƒ‡ī‚ģī™ī€ ī‚ŗī—ī‚ƒī‚žīƒ™ī‡ī€ ī‚ļī‚¸īŠī€ īƒƒī‚ƒīƒ‡īĨ ī€ ī‚‰īĒī‚›ī¤ī‡ī€ ī‚ŋī™ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī‚¸ī¤ī€ ī‚ƒīƒī‚ˆīƒ‡īĻī‡ī‚›īƒ‡īĨī€ ī‚Ēī‚ĄīƒŠīŠī€ ī‚ƒīƒīĻīƒī‡ī€ ī‚ƒī‚ģīŖī€ ī‚šīƒ‡ī‚¸īĸ ī€ ī‚Šī‚ƒīƒ‡īĻī‡ī‚›īƒ‡īĨ ī€ ī‰īī‚ƒī ī ī™ ī€ īƒ€īƒ„ī‚ĩīŠī¨ ī€ ī‚‡ī‚˛īƒ‡ī‚ģī‚Šī¤ī‡ ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ ī€ īƒ” ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī¨ ī€ ī‚ƒīƒīƒ‡ī‚¸ī™ī€ īī‡īƒ„ī‚‘ī‚ˆī‚Ąī“īƒŽī¤ī€ ī‚‡ī¤ī¨īī€ ī‚šīŖī€ īƒ…ī‚Šī‚Ąī‚īŠī€ ī‚ļī¤ī‚˜ī¤ī€ ī‰īī¨īžīƒž ī€ ī‚ēī¨īžī¤ī‡ ī€ īƒ€ī¨ī ī€ ī‚ƒī§ī’ī‚ƒīƒ‡ī‚ˆīĨī‡ ī€ ī‚ŗī—ī‚ƒī‚žīĨ ī€ īƒ” ī€ ī‚šī‚ģī‚Šī‚¸ī¤ ī€ ī‚ƒīƒīˆī‚˜īŒī¨ ī€ ī€Žī€ ī‚‡ī‚Ąī‚īĄī‚ƒī‚žīƒ™ī‡ī€ īžī‚ˆī‚Ąī‚žīŠī€ ī‚ƒī‚žī§ī€ ī‚ŋīĨī¨ī€ īŠī‚™īŽīƒīƒ•ī‡ī€ ī‰ī‘ī¨ī‚ƒī‚Žīƒ™ī‡

ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚‡ī‚Ąī‚īĄī‚ƒī‚žīĨī€ ī‚ēī¨īžī ī  ī¤ī‡ī€ īƒƒī‚˜ī ī īƒī ī¤ ī€ ī‚ŋī‚ĩīƒ§ī€ ī‚šī ī ī§ī¨ī€ īƒ¸ ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ īƒ”ī€ ī‚‡ī ī ī‚¸ī  īĒīƒ„ī ī ī‚Ŗī  ī¤ī‡ī€ ī‰īƒŠī ī  ī  ī īƒ˜ī‡ī€ ī‚‡ī ī ī‚„ī  īī‚ƒī ī ī‚Ąī  ī• ī€ŋī€ ī‚Ŋī‚ƒī™ī€ ī€ąī€°ī€°ī€ īƒ€ī‚īƒ•ī‡ī€ ī‚Šīžī‚ŠīŠī€ īƒˆī‚ˆī¤ī‡ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡


ī€ē"ī€ īƒ‰ī‡īīƒ„ī ī īŠī€ ī‚ŧī ī īƒ‡ī¤ī¨īƒĢī īˆ"ī€ ī ī¤ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ īƒ…ī‚¯ī‚Ŗī‚Ąī‚ŸīĨī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡

ī€ ī‚ĸī‚Ÿī‚”īŠī€ īŠī‚™ī īŽīƒī‡ī€ ī‚‡ī¤ī¨īī€ īƒ‰īƒī‡ī€ ī‚Ēī īĨī€ ī‚‡ī‚¸ī‚ĩī‚Ąī‚žīĨī€ īƒ‰īƒī‡ī€ ī‚ƒī‚žīĒīžī¤ī€ īžī īŒīƒ„īŠī€ īƒ• ī‚¤ī‚Ąī“īƒ„ī ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ īƒƒī‚ƒī ī īƒ‡īĨī€ īƒ…īĄī€ īī¨īžī ī īƒ—ī‡ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™ī īŠ ī‘ī‡īƒ„īƒ—ī‡ī€ īŠī‚™īŒīƒī‡

īŠīžī‚ģīī€ īžī‚ģīƒžī¨ī€ ī€ ī‚‡īƒ‡ī‚Ŗī™ī€ īžī‚ģīƒž ī€ ī‚ŋīĨī€ īžīĒīžī‚Šī¤ī‡ī€ īƒ”ī€ ī‚´ī‚ƒī ī ī‚Ŗī‚žī¤ī‡ī€ ī‚Ēī‚Ąī“ī‡ī¨ī€ īƒ•īžīŒī€ īžīƒī‚Ąī‚žīĻī€ ī‚ƒī ī ī‚žī¤ī‡ī’ī‚ƒīĨī¨ī€ ī‚‡īƒ‡ī‚Ąī–ī‚ƒīƒ™ī‡ī€ ī‰īƒĢī ī ī‚¯ī¤ī‡ī€ īƒ”ī€ ī‚ƒī ī īĻīžīƒī‚Ąī” ī€ ī‚‡īƒ‡ī‚ĄīƒŠī‚˛īˆī€ īƒ…ī‚ģī‚Ąī‚īĒī€ ī‚ƒīĨī€ ī‚ēīƒ„īī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Ģī‚ƒī ī ī‚Ŗīĸī€ īī‡īƒŠīŽī€ īƒ˛īˆī¨ī€ ī‚‡ī‚¯ī‚¸ī‚ˆī‚”īƒ™ī‡ī€ ī‚ŊīƒŽī™ī…īƒ•ī‡ī€ ī‚šī ī ī†ī‚ƒī‚Ąī“ī¨ ī€ ī‚šī ī īƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ī¨ī€ ī‚™ī ī ī‚Ąī‚ŸīĨī€ īƒ˛ī ī īˆī€ ī‚‡ī ī īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī¨ī€ ī‚‡ī ī īƒ‡ī‚ģīƒ‡ī‚¸īĸī…īƒ•ī‡ī€ īƒƒī‚ƒī ī īƒ‡īƒ™ī‡ī€ īƒ”ī€ īī¨īžī ī īƒ—ī‡ī€ ī‚ŧī ī īƒ‡ī‚Ąī“ī‚™īŠ ī€ īƒˆī ī ī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī ī ī‚Ŧī‚¸ī¤ī€ īƒ˛ī ī ī‚ˆī¤ī¨īžī¤ī‡ī€ īƒ˛ī ī īŠī‚ƒī§ī€ ī‚‡ī ī īĸī‚™ī‚Ąī“ī€ ī‚‡ī ī īƒī‚„ī‚Ąī”ī€ ī‚ēīƒ„ī ī īī€ īƒąī ī ī‹īƒī‡ī€ ī‚ƒī ī īĨī¨ī€ ī‚ĸī ī ī•īƒŠīĸī¨ ī€ ī’ī‚ƒīšī€ īƒ…ī‚¸ī™ī€ īīƒŽī ī īƒ‡ī‚ˆī‚Ąī“īƒ•ī‡ī¨ī€ ī€ ī€ ī‚¤ī ī ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī€ ī‚ĸī ī īƒŠīƒ‡īˆīƒīƒ•ī‡ī€ ī‚™ī ī ī‚‘ī‚„ī¤ī‡ī€ ī‚´ī‚™ī ī ī‚Ąī”ī€ ī‚‡ī ī ī‚˛ī‚Ŗī‚žīĨī€ īƒ”ī€ īƒ‰ī‚™ī ī ī‚Ąī‚Ÿīƒ™ī‡ ī€Žī€ ī‘īƒ•ī¨īī€ ī‘ī‚ƒī ī īƒ‡ī‚¸īĨī€ ī€˛ī€°ī€°ī€ ī‚ŋī ī īĨī€ ī‚†ī‚™ī ī ī‚˛īĒī€ ī‚ƒī ī īĨī€ īƒ›ī…ī‡ī€ īƒąī ī ī‹īƒī‡ī€ ī‚ƒī ī ī‚ģī‚„ī‚Ąī‚īī€ īƒ‚ī ī ī‚ˆī‚ģīƒ‡īĸī€ ī‚šī ī ī‚Ąī‚ŸīŠī€ īƒˆī ī ī‚Šīƒ‡ī‚„ī— ī€ īƒ›ī…ī‡ī€ ī‚‡īƒ‡īĻīžī‚Šīƒ™ī‡ī€ ī‰ī¨īƒ­ī¤ī‡ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚™īĒī’ī¨ī€ ī‚ēī‚ƒī‚ģīŖī€ ī‚‡īĨī‚ƒī‚Ąī“īƒī‡ī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡ī€ ī‚ĒīĄīī€ īƒ‰ī‚˜ī¤ī‡ī€ ī‚™īĨīƒīƒ•ī‡ī€ īƒ„ī§ī¨ ī€ ī‚Šī‚ƒīƒīƒ–ī‡ī€ ī‚ŋīĨī€ īī‚ƒī‚ĄīƒŠī™īƒī‡ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ īī‡īƒŠī ī īŽī€ ī‚ŋīĨī€ īžīĒīžī‚Šī¤ī‡ī€ ī‚ƒīƒīƒ‡ī¤ī…ī‡ī€ ī‚ƒī™īī€ ī‚‡īƒ‡ī‚ģī‚¸ī™ī€ ī‰ī¨īžīĻī€ īžī ī ī‚˛ī™ ī€ īŠīžī¤ī€ ī‚ƒīƒī‚‘īƒ‡ī‚Ąī–īƒ„īŠī¨ī€ ī‚ŗī†ī‚ƒī‚˛īƒ—ī‡ī€ ī‚“ī‚™ī ī ī—ī¨ī€ ī‚‡īƒ‡ī‚ĄīƒŠī‚˛ī¤ī‡ī€ ī‚ļī‚¸īŠī€ ī‚‡ī‚Ąī‚žīĸī‚ƒī‚žīĨī¨ī€ ī‚ĸī“īƒ„ī‚¸ī‚Žī‚¸ī¤ī€ ī‚‡ī ī īĒīī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ ī€ ī‚ļī¤īī€ ī‚ŧīšī‘ī¨ī€ ī‚šī‚„īĸī€ ī‚ŋīĨī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ īƒ”ī€ ī‚īžīƒī€ īƒšī€ ī‚‡ī‚˛īˆī‚ƒī‚Ąī“ī€ īƒ”ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ī€ īƒ‰īƒī‡ī‚™ī¤ī‡ ī€ īƒ›ī…ī‡ī€ ī‚‰ī‚¸ī‚Ąī•ī¨ī€ ī‚‡ī ī īƒ‡ī‚ĄīƒŠī‚˛ī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī‚ēīƒ„ī ī īī€ ī‚ˇī‚ƒī‚„īŠī‘īƒ•ī‡ī¨ī€ ī‚ēīžī ī īƒ–ī‡ī€ ī‚ŋīĨī€ ī‚‡ī¤ī‚ƒīī€ ī‚ˇī‚ƒī ī ī‚žī§ī€ ī‚‰ī ī ī¤ī‡ī’ī‚ƒīĨ ī€Žī€ ī‚‡īƒ‡ī¤ī‚ƒīƒ—ī‡ī€ īī¨īžīƒ—ī‡ī€ ī‚ŧīƒ‡ī‚Ąī“ī‚™īŠī€ ī‚‡ī ī īƒ‡īĸī‚ƒī‚¯īŠī‡ī€ īī‚ƒī‚Ŧī¤ī…ī‚ƒīˆī€ ī‚…ī¤ī‚ƒī‚ŖīŠī€ ī‚‡īƒ‡ī†ī‚ƒī‚ĄīƒŠīĸī€ īƒ‰ī¨ī‚ƒī ī ī™īī€ ī‚ĒīĄī‘ī€ īžī ī ī ī€ īƒ…ī ī ī‚¯ī‚Ŗī‚Ąī‚ŸīĨ ī€ ī‚ĸī ī ī“īžī‚žīƒīƒ™ī‚ƒīˆ ī€ ī‚‰ī ī ī‚˛ī‚ˆī¤ī‡ ī€ ī‚ƒī ī īƒī‚„īĻī‚ƒīŒ ī€ ī‚ŋī ī īĨ " ī€ īƒ‰ī‡īīƒ„ī ī īŠ ī€ ī‚ŧī ī īƒ‡ī¤ī¨īƒĢīˆ ī€ ī‚‡ī ī ī‚¸īƒ" ī€ īēī‚ĸī ī ī“ī‚ƒī‚ŽīĒī…ī‡īģ ī€ ī‚‡ī ī īƒ‡ī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ ī€ ī‚Šī‡ī’ī‚ƒī ī ī‚Ŧī‚¸ī¤ ī€ ī‚‡ī ī ī‚ĄīƒŠīˆī‚ƒī‚˛ī¤ī‡ ī€ ī‚‡ī ī īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‚ĸī ī ī‚īƒ‡ī†ī‘ ī€ ī‚…ī ī ī†ī‚ƒīĻ ī€ ī‚™ī ī ī‚‘ī‚„ī¤ī‡ ī€ īƒ€ī‚ƒī‚ĩī ī īĄ ī€ ī‚ŗī ī ī†ī‚ƒī‚˛īƒ—ī‡ ī€ ī‚“ī‚™ī ī ī—ī¨ ī€ ī‚‡ī ī īƒ‡ī‚ĄīƒŠī‚˛ī¤ī‡ ī€ ī‚‡ī ī ī‚Ąī‚žīĸī‚ƒī‚žīƒ™ ī€ ī‚ąī‚ƒī ī ī‚Ąī‚žī‚ĩī‚ˆī‚Ąī“īƒ•ī‡ī¨ ī€ ī‚Šī‚ƒī ī īƒ‡īĸī‚ƒī‚¯īŠīƒŽī¤ ī€Žī‚‡ī ī īī‡ī‚™ī‚Ąī‚Ÿī¤ī‡ ī€ īƒ‚ī ī ī‚Ąī‚Ÿī‚˛ī‚žīŠ ī€ īƒ• ī€ īƒ‰ī‚˜ī ī ī¤ī‡ ī€ ī‘ī‡īƒ„ī ī īƒ—ī‡ ī€ ī‡ī‚˜ī ī ī§ ī€ īƒ€ī‚ƒīŖī¨ ī€ ī‚Ēī ī ī‚Ąī“ī‡ī¨ ī€ ī‘īžī ī ī‚Ąī• ī€ ī¨ī ī€ ī‚šī ī īŒī‘

ī€ īƒƒī‚˜ī§ī€ ī‰ī‘ī‚ƒī ī  ī  ī‹ī…ī‡ ī€ īƒ”ī€ ī‚…ī ī ī‚„ī ī‚Ąī ī‚ī ī¤ī‡ī€ ī‚ƒī ī īĨ ī€ ī‚ļī ī īƒ‡ī  ī†ī‡ī‘ī€ īƒ”ī€ ī‡īī…ī‡ī€ īƒ¸ ī€ŋī€ ī‚Šī‡ī‚˜ī¤ī‚ƒīˆī€ ī‚‰īƒ‡īĸīƒ„ī‚ˆī¤ī‡ī€ ī‡ī‚˜ī§ī€ īƒ”ī€ ī‚‡īƒ‡ī‚ĄīƒŠī‚˛ī¤ī‡ ī€ ī‚’ī‚„ī‚Ąī•īƒī‡ ī€ īƒ‚īĻī‡ī€ īƒ„ī§ī€ īƒ‰ī‚™ī‚ĻīĻī€ ī‚‡īƒīŒī¨ī€ ī‚ŋīĨī€ īƒˆī‚Ąī‚īƒ‡ī†ī‚™ī¤ī‡ī€ ī‚…ī‚„ī‚Ąī‚ī¤ī‡ī€  ī€­ ī€ ī‚‡ī‚˛ī‚Ŗī‚žīĨī€ īƒ”ī€ ī‚™ī‚Ąī‚Ÿīƒ™ī€ īīžīŒī€ īƒ˛īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸī‡ī€ īƒ˛ī‚Ąī‚īĄī‚ƒī‚žīĨī€ ī‚ˇī‚ƒī‚žī§ ī€ ī‚ŋīĨī€ īƒŽīŖī€ īžīĒīžī‚‘ī‚ˆī¤ī‡ī€ īƒ‚īŒī¨ī€ īƒ…ī‚¸ī™ī€ ī‚ƒī‚ģī§ī¨ī€ ī‚¤ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡ ī€ īƒ• ī€ īƒ€īƒ„ī‚Ąī‚īĄī‚ƒī‚žīƒ™ī‡ ī€ īīƒ•īƒ„ī ī ī§ ī€ ī¨ ī€ īƒ€ī‚ƒī‚žī‚„ī¤ī¨ ī€ ī‚ĸī•īƒŠīĸī¨ ī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ ī€ īƒ”ī€ ī‰īƒŠīŽī¨ī€ ī‚Šī‚ƒīƒ‡īĻī‚ƒī‚ĩīĨī…ī‡ ī€ ī‚ŋīĨī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ‚ī‚ĩī‚¸īƒ’ī€ ī‚ƒīĨī€ īƒ€īƒ„ī‚ĩī‚¸īƒ§ ī€ īƒ›ī…ī‡ī€ īƒ…ī‚Šī‚Ąī‚īĒī€ ī‚ĸī‚īĄī‚ƒī‚žīĨī€ ī‚šīŖī€ īƒ€ī‚ƒīĄī€ ī‚ŧī‹ī€ ī‚ŋīĨī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸ ī€ ī‚Ēīƒ‡ī‚Ŗī‚ˆī‚Ąī‚īŠī€ īƒˆī‚ˆī¤ī‡ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚ī‚ƒī‚ˆīĻī…ī‡ ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī”ī€ īŠīƒŠīŖī€ ī‚†ī‚˜īŒ ī€ ī‚ŋīĨ ī€ ī‚ƒī ī ī§īƒąī ī īš ī€ īƒ€ī¨ī ī€ ī‚‡ī‚˛īƒ‡ī‚ģī‚Šī¤ī‡ ī€ īƒƒī‚ƒī ī īƒ‡ī  īƒ™ī‡ ī€ īƒ” ī€ ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“īƒ•ī‡

ī€ ī‚ēīī‚ƒī‚Ąī‚īŠīƒī‡ ī€ īƒĻī…ī‡ ī€ ī‚ƒī‚ģīŖ ī€ ī‚‡īƒ‡ī†ī‚™īƒ™ī‡ī¨ ī€ ī‚‡īˆīƒ„ī‚ˆī‚ĩīƒ™ī‡ī¨ ī€ ī‚‡ī™īƒ„ī‚ģī‚Ąī‚īƒ™ī‡ ī€ ī‚Šī‡ī‚˜ī¤ī‚ƒīˆī€ īƒœī‚ƒīƒ—ī‡ī€ ī‚‰īƒ‡īĸīƒ„ī‚ˆī¤ī‡ī€ īƒ”ī€ ī‚¤ī‚Ŧī‚¸ī¤ī‡ī€ ī‡ī‚˜ī§ī€ ī‘ī‚ƒī‚‹īĒī€ ī‡īī‚ƒīƒ™ ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ īƒˆīĨīƒ„ī‚˛ī¤ī‡ ī€ ī‚ŋī ī  īĨīƒīƒ•ī‡ ī€ ī‚ƒīĒī‚ƒī‚ĄīƒŠīĸ ī€ ī‚ĸī‚īƒ§ ī€ ī‚šī‚ĩī‚Ąī‚žīˆ ī€ ī‰ī‘ī‚ƒī‹ī…ī‡ ī€ ī‚ēīƒ„ī‚˛ī‚Šīƒ™ī‡ī€ ī‚ŋīĨī€ ī‚šī§ī¨ī€ ī‚ŋī—īƒ„ī‚¸ī¤ī€ ī‚ƒīƒ‡ī‚¸ī‚Šī¤ī‡ī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚Ÿīƒ™ī‡ī¨ ī€ ī‡ī‚˜īƒīˆī€ īƒ‰ī‚™ī ī ī‚Ąī ī‚Ÿī īƒ™ī‡ī€ īƒˆī ī īĨīƒ„ī ī ī‚˛ī ī¤ī‡ī€ ī‚ŋī ī ī īĨīƒīƒ•ī‡ī€ ī‚ĸī ī ī‚ī īƒ’ ī€ ī‚‡īƒ‡ī‚ĄīƒŠīĸ ī€ ī‚ƒīƒ  ī€ ī‚ŊīƒŽī ī ī™ī…īƒ•ī‡ ī€ ī‚šī†ī‚ƒī‚Ąī“ī¨ ī€ ī‚°ī‚¸ī‚ˆīƒŸ ī€ īƒ” ī€ ī‚ī‚¯ī¤ī‡ ī€ ī‚šī‚ĩī‚Ąī‚žī¤ī‡ ī€ ī‰ī‚™īƒ™ī‡ī€ īƒˆī§ī€ īƒƒī‚˜ī§ī€ ī‚šī§ī¨ī€ ī‚™ī‚Ąī‚Ÿīƒ™ī€ ī‚ƒīƒ‡ī‚¸ī‚Šī¤ī‡ī€ ī‚‡ī‚‘ī‚¸ī‚Ąī‚Ÿīƒ™ī‚ƒīˆī€ ī‚™ī‚ĄīƒŠīĒ ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ ī‚ƒīƒīƒ‡īĄī€ ī‚“ī‚™ī‚ŖīĒī€ īƒˆī‚ˆī¤ī‡ī€ īƒ›ī¨īƒīƒ•ī‡ ī€ ī‚Œī‚‘ī‚„ī‚¸ī¤ī€ ī‚‡ī ī īĒīī¨īžī ī ī ī€ ī’ī‚ƒī ī īƒ‡ī  ī‚ˆī  īĨī‡ī€ ī‚ŗī ī ī—ī‚ƒī ī ī‚žī īƒ™ ī€ ī‚Šī‡īžī ī  īĒī‡ī‚›ī ī  īĨ ī€ ī‚™ī‚‘ī‚„ī¤ī‚ƒīˆī€ ī‚‡ī‚˛īƒ‡ī‚ģī‚Šī¤ī‡ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ī€ īƒ”ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚ŋī™ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ī¨ ī€Žī€ ī‚¤ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡

ī€ ī‚ēīƒ„īī€ ī‘ī‚ƒī‚‹īƒ™ī‡ī€ ī‚ēīžīƒ–ī‡ī€ ī‚ŋīĨī€ ī‚‡ī¤ī‚ƒīī€ ī‚ˇī‚ƒī‚žī§ī€ ī‚‡īĒī‡īžīˆī€ īƒ¸ ī€ ī‚ĒīĨī€ ī‚‡ī ī īĒī‚™ī ī ī‚Ąī  ī‚Ÿī  īƒ™ī‡ī€ īī¨īžī ī  ī  īƒ—ī‡ī€ ī‚ŧī ī īƒ‡ī  ī‚Ąī  ī“ī‚™ī ī īŠī€ ī‚‡ī ī ī‚¸ī ī‚ĩī ī‚Ąī ī‚žī īĨ ī€ ī‚šīƒ‡īŒīƒī‚ƒīŠī€ ī‚ŋī ī īĨ ī€ ī‚ƒīƒī‚ŠīĨī€ ī‚ŋī ī īĨī‡ī‚›ī ī īŠ ī€ ī‚ƒī ī īĨī¨ī€ ī‚šī ī īƒ‡ī ī†ī‡ī‚™ī ī ī‚Ąī ī“ī…ī‡ ī€ ī‚ŋī™ ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ī¨ ī€ ī‚Œī‚‘ī‚„ī‚¸ī¤ ī€ ī‚‡īƒ‡īƒ™ī‚ƒī‚Šī¤ī‡ ī€ ī‰īžīĒī‡ī‚›ī‚ģī‚¸ī¤ ī€ŋī€ ī€ ī‚¤ī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‡ī€ īƒƒī‚ƒīƒ‡īĨī€ īƒ”ī€ ī’ī‚ƒī‚Ŧī¤ī‡ ī€ īƒ‰īƒī‡ ī€ īžīŒīƒ„īŠī€ īƒ•ī€ īƒ‚īĻī‡ī€ īƒ›ī…ī‡ ī€ ī‚‡īĒī‡īžī‚„ī¤ī‡ī€ īƒ”ī€ īƒąī‚Ąī”īƒī‡ ī€ īƒ€ī‡ī¨ī€ īžīˆīƒ•ī€  ī€­ ī€ ī‚‡īƒ‡ī‚ģīƒ‡ī‚¸īĸī…īƒ•ī‡ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ī€ īī¨īžīī€ ī‚ŧīƒ‡ī‚Ąī“īƒĢī¤ī€ ī‚‡ī‚„ī‚Ąī‚ī‚žī¤ī‚ƒīˆī€ ī‚‡ī‚¸ī‚ĩī‚Ąī‚žīĨ ī€ īī‡īƒ„ī‚Ąī“ ī€ īŠī‚™ī ī īŽīƒī‡ ī€ ī‚‡ī ī ī¤ī¨ī ī€ īƒ‰īƒī‡ ī€ ī‚ĒīĨ ī€ ī‚™ī‚Ąī‚Ÿīƒ™ ī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī¨ ī€ ī‚ēī¨īžī¤ī‡ī€ ī‚ŋīĨī€ ī‚ƒī‚ģī§īƒąīšī€ ī¨īƒī‡ ī€ ī‚ĸī•īƒŠīĸī€ ī¨īƒī‡ ī€ ī‚šīƒ‡ī†ī‡ī‚™ī‚Ąī“ī…ī‡ ī€ ī‚‰īĻī‚ƒīŖ ī€ ī‚ŊīƒŽī™ī…īƒ•ī‡ī€ ī‚šī†ī‚ƒī‚Ąī“ī¨ī€ ī‚ŋīĨī€ īžīĒīžī‚Šī¤ī‡ī€ īƒ”ī€ ī‡ī‚™īŽī„īƒ„īĨī€ īƒąī‹īƒī‡ī€ ī‚ƒī‚ģī‚¸ī‚‹īĨ Petroleum Today

- November 2012

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â€ĢØĨīģ§īģ”īēŽØ§Ø¯Ø§ØĒ īģīēŽØ˛īē—īģšâ€Ŧ

â€Ģâ€ĒĪ Ī‹ Ī†Ī“ΎΤΗ ĪšÎ—ίΎĪâ€Ŧâ€Ŧ â€Ģâ€Ēέ΍ÎĒÎŧĪŸÎ ĪŠĪ—ĪŽĪŖ Ī°â€Ŧâ€Ŧ â€Ģâ€Ē Γâ€Ŧâ€Ŧ â€Ģâ€ĒĪ´Î‘â€Ŧâ€Ŧ â€Ģâ€Ē ĪĻâ€Ŧâ€Ŧ â€Ģâ€ĒΎΡâ€Ŧâ€Ŧ â€Ģâ€ĒΎĪ›â€Ŧâ€Ŧ â€Ģâ€Ē Εâ€Ŧâ€Ŧ â€ĢīēŖīēŽīģ“īģˆīē– īēīģŸīē¸īēŽīģ›īē”â€Ŧ â€Ģâ€Ē Ε΍έΎĪ´Î´ĪŸÎ ίΎĪâ€Ŧâ€Ŧ â€Ģīē§īģŧīģ īģ‹īēŽīģĄ â€ĒŲ ŲĄŲĄâ€Ŧâ€Ŧ â€Ģâ€ĒŲĸâ€Ŧâ€Ŧ â€Ģīģ‹īģ â€Ŧ â€Ģīģ°â€Ŧ â€ĢīģŖīģŽâ€Ŧ â€Ģīģ—īģŠâ€Ŧ â€ĢīēīģŸīē´īēŽīēŠīēą īģ‹īģ īģ° īēīģŸīē˜â€Ŧ â€ĢīēīģŸīēŧâ€Ŧ â€ĢīēĒīēīē­īē“ īē‘īģ´īģĻ īēŸīģ¤īģ´īģŠâ€Ŧ â€ĢīģŽīēīģŸīģ° īģ“īģ´īģ¤īēŽ īģŗīē¨īēēâ€Ŧ â€ĢīģŖâ€Ŧ â€Ģīēˇâ€Ŧ â€Ģīē’īģ´â€Ŧ â€ĢīēŽâ€Ŧ â€ĢīģŒīēŽâ€Ŧ â€Ģīģ›īēŽâ€Ŧ â€Ģīē•â€Ŧ â€Ģīē•â€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīģīēŽâ€Ŧ â€ĢīģīēŽâ€Ŧ â€Ģīē¯â€Ŧ â€Ģīē¯â€Ē،â€Ŧâ€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīģ­īēīģŸīģŒīēŽīģĄ īēīģŸīēŽīēīē‘īģŠ īģ‹īģ â€Ŧ â€Ģīģ„īē’īģ´īģŒīģ° īģŸīģ īē´īģ´īēŽīē­īēīē•â€Ŧ â€Ģâ€Ŧâ€Ģīģ° īēīģŸīē˜īģŽīēīģŸīģ° īģ“īģ´īģ¤īēŽ īģŗâ€Ŧ â€Ģīē¨â€Ŧ â€Ģīģ“īģ° īģŖīēŧīēŽ īģŸīģ īģŒīēŽīģĄâ€Ŧ â€Ģīēēâ€Ŧ â€Ģīē—â€Ŧ â€Ģīē¤â€Ŧ â€Ģīģ­īēģīģ īē– īģŖīē’īģ´īģŒīēŽīē•â€Ŧ â€ĢīģŽīģŗâ€Ŧ â€Ģīģžâ€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīē´īģ´īēŽīē­īēīē•â€Ŧ â€ĢīēīģŸīē¸īēŽīģ›īē” īģŖīģĻ īēīģŸīģīēŽâ€Ŧ â€Ģīē¯â€Ŧ â€Ģīē‘â€Ŧ â€Ģīģ¤īēŽâ€Ŧ â€Ģīē§â€Ŧ â€Ģīģŗâ€Ŧ â€Ģīģŧâ€Ŧ â€Ģīģ¤īēœâ€Ŧ â€Ģīģâ€Ŧ â€Ģīģžâ€Ŧ â€Ģīģ‹â€Ŧ â€Ģīģ§â€Ŧ â€Ģīģ­īēĢīģŸīģš īģ›īģ¤īēŽ īģŗīģ īģ°â€Ē:â€Ŧâ€Ŧ â€ĢīēŽīģĄâ€Ŧ â€Ģīē´â€Ŧ â€Ģīē’īē” â€ĒŲĢŲĨâ€Ŧâ€Ŧ â€Ģâ€ĒŲĸŲ ŲĄŲĄâ€Ŧâ€Ŧ â€Ģâ€Ē ŲĒŲ¤Ų¤â€ŦīģŖīģĻ īēīēŸīģ¤īēŽīģŸâ€Ŧ â€Ģīē‡īģŸīģ° â€ĒŲ ŲĨŲĢŲŠŲĄŲĨâ€Ŧâ€Ŧ â€Ģīģ°â€Ŧ â€Ģâ€ĒŲĸâ€Ŧâ€Ŧ â€ĢīģŖâ€Ŧ â€Ģīģ­īē‘â€Ŧ â€ĢīģŖīģ â€Ŧ â€Ģīē’īģ´â€Ŧ â€ĢīēŦīģŸâ€Ŧ â€ĢīģŒīēŽâ€Ŧ â€Ģīģ´īģŽâ€Ŧ â€Ģīģšâ€Ŧ â€ĢīģĨâ€Ŧ â€Ģīē•â€Ŧ â€Ģīģ­â€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīģŖīē˜â€Ŧ â€Ģīēģâ€Ŧ â€ĢīēŽâ€Ŧ â€ĢīģīēŽâ€Ŧ â€Ģīē¯â€Ŧ â€Ģīģžīē‡â€Ŧ â€ĢīģŖīģœīģŒīēâ€Ē.â€Ŧâ€Ŧ â€Ģīģ“īģ° īģŖīēŧīēŽ īē§īģŧâ€Ŧ â€ĢīēŸīģ¤īēŽīģŸīģ° īģŖīē’īģ´īģŒīēŽīē•â€Ŧ â€ĢīģŖīģœīģŒīēâ€Ē.â€Ŧâ€Ŧ â€Ģīģ īģ‹īēŽīģĄ â€Ē.ŲĸŲ ŲĄŲĄâ€Ŧâ€Ŧ â€ĢīēīģŸīē¸īēŽīģ›īē” īģŖīģĻ īēīģŸīģīēŽâ€Ŧ â€Ģīē¯â€Ŧ â€ĢīģŖâ€Ŧ â€Ģīģ¨īēŦâ€Ŧ â€Ģīē‘â€Ŧ â€ĢīēĒØĄâ€Ŧ â€Ģīēâ€Ŧ â€ĢīģŸīģ¨â€Ŧ â€Ģīē¸īēŽīģ īģ­īēŖīē˜â€Ŧ â€Ģīģ°â€Ŧ â€Ģīģ§â€Ŧ â€ĢīģŦīēŽâ€Ŧ â€Ģīģŗīē”â€Ŧ â€Ģ īģ­īēģâ€Ŧâ€Ģīģžâ€Ŧ â€Ģīēŗâ€Ŧ â€Ģīē’īē˜â€Ŧ â€Ģīģ‹â€Ŧ â€Ģīģ¤īē’â€Ŧ â€ĢīēĒīēŠâ€Ŧ â€ĢīēŽ â€ĒŲĸŲ ŲĄŲĸâ€Ŧâ€Ŧ â€ĢīēīģŸīē´īģ´īēŽīē­īēīē•â€Ŧ â€Ģīē‡īģŸâ€Ŧ â€Ģīēâ€Ŧ â€Ģīģ°â€Ŧ â€ĢīģŸīģ¤â€Ŧ â€Ģâ€ĒŲ§â€Ŧâ€Ŧ â€Ģīē¤īģŽâ€Ŧ â€Ģâ€ĒŲ¤â€Ŧâ€Ŧ â€ĢīģŸīē”â€Ŧ â€Ģâ€ĒŲĢŲ¨â€Ŧâ€Ŧ â€Ģīģ‹â€Ŧ â€Ģâ€ĒŲĄâ€Ŧâ€Ŧ â€ĢīģĻâ€Ŧ â€Ģīē‘īģ¤īēŽ īģŗâ€Ŧ â€ĢīģƒīēŽīģŗâ€Ŧ â€ĢīģŖīģ īģ´īēŽīē­ īģŖīē˜īēŽâ€Ŧ â€Ģīģ¤īēœīģž īē‘īģ¨īē´īē’īē” â€ĒŲĒŲĨŲĄâ€Ŧâ€Ŧ â€Ģīģ– īēīģŸīē¸īēŽīģ›īē” īģŸīģŦīēŦīē īēâ€Ŧ â€ĢīģŖâ€Ŧ â€ĢīģŸīģŒâ€Ŧ â€ĢīģĻâ€Ŧ â€Ģīēâ€Ŧ â€ĢīēŽīģĄâ€Ŧ â€ĢīēŸâ€Ŧ â€Ģīē‡īģŸâ€Ŧ â€Ģīģ°â€Ŧ â€Ģīģ¤īēŽīģŸâ€Ŧ â€Ģīģ°â€Ŧ â€Ģâ€ĒŲĄâ€Ŧâ€Ŧ â€Ģâ€ĒŲ â€Ŧâ€Ŧ â€Ģīģ‹â€Ŧ â€Ģâ€ĒŲĄâ€Ŧâ€Ŧ â€ĢīēĒīēŠ īēīģŸīē´â€Ŧ â€Ģâ€Ē ŲŠâ€Ŧīēŗīģ´īēŽīē­īē“â€Ē.â€Ŧâ€Ŧ â€Ģīģ­īē‘īēŦīģŸīģš īģ­īēģīģž īēīēŸâ€Ŧ â€Ģīģ´īēŽīē­īēīē• īēīģŸīģ¤īē¤īģŽīģŸīē”â€Ŧ â€Ģīģ¤īēŽīģŸīģ° īģ‹īēĒīēŠ īēīģŸīē´īģ´īēŽâ€Ŧ â€Ģīē­īēâ€Ŧ â€Ģīģ“īģ° īģŖīēŧīēŽ īē§īģŧâ€Ŧ â€Ģīē•â€Ŧ â€Ģīģâ€Ŧ â€Ģīēâ€Ŧ â€Ģīģ‹â€Ŧ â€ĢīģŸīģ¤â€Ŧ â€ĢīēŽīģĄâ€Ŧ â€Ģīē¤īģŽâ€Ŧ â€Ģâ€ĒŲĄâ€Ŧâ€Ŧ â€ĢīģŸīē”â€Ŧ â€Ģâ€ĒŲĄâ€Ŧâ€Ŧ â€Ģâ€ĒŲ â€Ŧâ€Ŧ â€Ģâ€Ē.Ųĸâ€Ŧâ€Ŧ â€Ģâ€Ē Ų§ŲĨŲ§Ų§Ų¨â€Ŧīēŗīģ´īēŽīē­īē“â€Ē.â€Ŧâ€Ŧ â€Ģīģ‹īģĻ īģƒīēŽīģŗâ€Ŧ â€Ģīģ–â€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīē¸â€Ŧ â€ĢīēŽâ€Ŧ â€Ģīģ›īē”â€Ŧ â€ĢīģŖâ€Ŧ â€Ģīģ¨īēŦâ€Ŧ â€Ģīē‘īēĒØĄ īēīģŸīģ¨īē¸īēŽīģ īģ­â€Ŧ â€ĢīēŖīē˜īģ° īģ§īģŦīēŽīģŗīē” īēŗīē’īē˜â€Ŧ â€Ģâ€ĒĪšÎ—ίΎĪâ€Ŧâ€Ŧ â€Ģīģ¤īē’īēŽ â€Ē ŲĸŲ ŲĄŲĸâ€Ŧīē‡īģŸīģ°â€Ŧ â€Ģ â€ĒĪ Ī‹Îƒ Ī°Ī Ī‹ Ī†Ī“ΎΤΗâ€Ŧâ€Ŧ â€Ģâ€ĒĪ°â€Ŧâ€Ŧ â€Ģ â€ĒĪŖâ€Ŧâ€Ŧ â€Ģâ€ĒÎĒĪŒâ€Ŧâ€Ŧ â€Ģâ€ĒĪâ€Ŧâ€Ŧ â€Ģ â€Ē΍â€Ŧâ€Ŧ â€Ģâ€ĒΘĪ§â€Ŧâ€Ŧ â€Ģâ€ĒΎθâ€Ŧâ€Ŧ â€Ģīģ—īēŽīģŖīē– īēīģŸīē¸â€Ŧ â€Ģâ€Ē Ī°Ī“΍ΎĪÎŸ έâ€Ŧâ€Ŧ â€ĢīēŽīģ›īē” īē§īģŧīģ īģ‹īēŽīģĄâ€Ŧ â€Ģâ€ĒŲĄâ€Ŧâ€Ŧ â€Ģâ€ĒŲĄâ€Ŧâ€Ŧ â€Ģâ€ĒŲ â€Ŧâ€Ŧ â€Ģâ€ĒŲĸâ€Ŧâ€Ŧ â€Ģīē‘īēˆâ€Ŧ â€Ģīģ“īē˜â€Ŧ â€Ģīē˜īēŽâ€Ŧ â€ĢīēĄâ€Ŧ â€ĢīēŗīēŽīģĢīģĸ īģ“â€Ŧ â€Ģīē‘īģŒīēž īēīģŸīģ¤īē¤īģ„īēŽīē•â€Ŧ â€Ģīģ° īēŖīģ”īēŽīģ… īēīģŸīē¸īēŽīģ›īē”â€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīē â€Ŧ â€Ģīģ‹īģ â€Ŧ â€ĢīēĒīģŗâ€Ŧ â€Ģīģ°â€Ŧ â€ĢīēĒīē“â€Ŧ â€Ģīēƒâ€Ŧ â€Ģīēƒâ€Ŧ â€Ģīģ‹īģ â€Ŧ â€ĢīģĢīģ¤â€Ŧ â€Ģīģ°â€Ŧ â€ĢīģŦīēŽâ€Ŧ â€ĢīģŖâ€Ŧ â€ĢīģŖīēŧīēŽ īģŖâ€Ŧ â€ĢīģŒīēĒīģ īēâ€Ŧ â€ĢīģŖīē¤īģ„īē˜â€Ŧ â€Ģīģ§īē˜īē¸īēŽīē­ īēŸīģīēŽīēīģ“īģ°â€Ŧ â€ĢīģĻ īē§īģŧīģ īēīģģīģ§īē˜īē¸īēŽâ€Ŧ â€Ģīģ° īēīģŸīģ˜īē’īēŽīē­īģ¯ īģ­īģŖīē¤â€Ŧ â€Ģīē­â€Ŧ â€Ģīē‘īģ´â€Ŧ â€Ģīģ„īē”â€Ŧ â€ĢīģĻâ€Ŧ â€Ģīģ‹īģ â€Ŧ â€Ģīēâ€Ŧ â€ĢīēŸâ€Ŧ â€ĢīģŸīģ˜â€Ŧ â€Ģīģ°â€Ŧ â€Ģīģ¤īģ´â€Ŧ â€ĢīģŖâ€Ŧ â€Ģīēŧâ€Ŧ â€ĢīģŠâ€Ŧ â€Ģīē´â€Ŧ â€ĢīēŽâ€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīēâ€Ŧ â€Ģīē˜īģŽâ€Ŧ â€Ģīē¸â€Ŧ â€ĢīģŸīģŒâ€Ŧ â€Ģīģ¯â€Ŧ â€Ģīģ´īģ¨īģ° īģŖīģ¤īēŽâ€Ŧ â€ĢīēŽīģ›īēŽīē• īēīģŸīģŒīēŽīģŖâ€Ŧ â€Ģâ€Ē ŲĸŲ¤â€ŦīģŖīē¤īēŽīģ“īģˆīē” īģŖīģĻâ€Ŧ â€Ģīģ īē” īģ“īģ° īģŖīē īēŽīģ īģīēŽâ€Ŧ â€ĢīģŖīē¤īēŽīģ“īģˆīēŽīē• īēīģŸīē īģ¤â€Ŧ â€ĢīģŦīģŽâ€Ŧ â€Ģīē­â€Ŧ â€Ģīģŗīē”â€Ŧ â€Ģīēâ€Ŧ â€Ģâ€ĒĪ“ ΓÎĒĪ´ÎŖĪŽĪŸÎâ€Ŧâ€Ŧ â€ĢīģŸīē˜â€Ŧ â€Ģīē¯ īēīģŸīē´īģ´īēŽīē­īēīē• īģ“īģ°â€Ŧ â€Ģīģ°â€Ŧ â€Ģīē—â€Ŧ â€Ģīēŧīģž īē‡īģŸīģ´īģŦīēŽâ€Ŧ â€Ģâ€ĒΎθĪŸÎĪ­ ÎŽÎŧĪŖ Ī°â€Ŧâ€Ŧ â€Ģâ€ĒĪ•â€Ŧâ€Ŧ â€Ģīēˇīē’â€Ŧ â€Ģ â€Ē΍â€Ŧâ€Ŧ â€Ģīģœīē”â€Ŧ â€Ģâ€ĒĪˇâ€Ŧâ€Ŧ â€Ģâ€ĒĪ­â€Ŧâ€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģâ€ĒÎŗâ€Ŧâ€Ŧ â€ĢīģīēŽâ€Ŧ â€Ģâ€ĒĪ‚â€Ŧâ€Ŧ â€Ģīē¯â€Ŧ â€Ģ â€Ē΍â€Ŧâ€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģâ€ĒΘĪŸâ€Ŧâ€Ŧ â€Ģâ€ĒΗ Ī°â€Ŧâ€Ŧ â€Ģīē—īģ¨īģ”īēŽīēŠ īēˇīēŽâ€Ŧ â€Ģīģ„īē’īģ´īģŒīģ°â€Ē.â€Ŧâ€Ŧ â€Ģâ€ĒΒΘΧ΍ ΔĪŖÎĒΧ ĪĄÎĒĪ˜â€Ŧâ€Ŧ â€Ģīģ›īē” īģīēŽīē¯īē—īģš īē‘īē˜īģ˜īēĒâ€Ŧ â€Ģīģŗīģĸâ€Ŧ â€Ģīē§īēĒâ€Ŧ â€ĢīģŖīē”â€Ŧ â€Ģīēâ€Ŧ â€Ģīē§īē˜â€Ŧ â€Ģâ€ĒΕΎĪ§ÎĪŽĪ„ÎŗĪšÎ έΎâ€Ŧâ€Ŧ â€Ģīē’īēŽâ€Ŧ â€ĢīēŸīģ¤īģŦīģŽīē­â€Ŧ â€Ģīē­ īēīģģâ€Ŧ â€Ģīģŗīē” īģŖīēŧīēŽ īēīģŸīģŒīēŽīē‘īģ´īē”â€Ŧ â€Ģīēŗīģ„īģŽīēīģ§īēŽīē• īģŸīģœīēŽīģ“īē”â€Ŧ â€ĢīģŖâ€Ŧ â€ĢīģĻâ€Ŧ â€Ģīģ‹īģ¤â€Ŧ â€Ģīē§â€Ŧ â€ĢīģŧØĄâ€Ŧ â€Ģīģŧâ€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīģâ€Ŧ â€Ģīē¸â€Ŧ â€ĢīģŖâ€Ŧ â€ĢīēŽâ€Ŧ â€ĢīēŽâ€Ŧ â€Ģīģ›īēŽâ€Ŧ â€Ģīēīģ›īē° īēâ€Ŧ â€Ģīē•īēâ€Ŧ â€Ģīģ‹īēĒīēŠ īēīģģīēŗâ€Ŧ â€Ģīģ„īģŽīēīģ§īēŽīē• īēīģŸīģ¤īē¨īē˜īē’â€Ŧ â€ĢīģŸīģŒīēŽīģŖīģ īē” īģ“īģ˛ īģŖīē īēŽīģâ€Ŧ â€Ģīē§īē˜īē’īēŽīē­ īēīģģīēŗīģ„īģŽīēīģ§īēŽâ€Ŧ â€ĢīēŽīē“â€Ŧ â€Ģīē•â€Ŧ â€ĢīģīēŽâ€Ŧ â€Ģīēâ€Ŧ â€Ģīē‘īģ¤â€Ŧ â€Ģīē¯â€Ŧ â€ĢīģŸīē˜â€Ŧ â€ĢīēŽâ€Ŧ â€ĢīēŽīē‘â€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīēīģ›â€Ŧ â€Ģīē´â€Ŧ â€ĢīģŒīē”â€Ŧ â€Ģīē°â€Ŧ â€Ģīģ´īēŽâ€Ŧ â€ĢīģŸâ€Ŧ â€Ģīēâ€Ŧ â€Ģīē­īēâ€Ŧ â€ĢīģŦīēŽâ€Ŧ â€ĢīēŖīē˜â€Ŧ â€Ģīģģâ€Ŧ â€Ģīē§īē˜īē’īēŽīē­â€Ŧ â€Ģīģ­īēīģŸīģ¤īģ¨īē˜â€Ŧ â€Ģīē• īēŠīēīē§īģžâ€Ŧ â€Ģīģ° īģ§īģŦīēŽīģŗīē” â€Ē.ŲĸŲ ŲĄŲĄâ€Ŧâ€Ŧ â€ĢīēīģŸīē˜īēŽīē‘īģŒīē” īģŸīģ īē¸īēŽīģ›īē”â€Ŧ â€Ģīē¸īēŽīē“ īģ“īģ° īēƒīģ§īē¤īēŽØĄ īēīģŸâ€Ŧ â€Ģīē‡īģŸâ€Ŧ â€Ģīģ°â€Ŧ â€Ģīē īģ¤â€Ŧ â€Ģâ€ĒŲ¨â€Ŧâ€Ŧ â€ĢīģŦīģŽâ€Ŧ â€Ģâ€ĒŲŠâ€Ŧâ€Ŧ â€Ģīē­â€Ŧ â€Ģâ€ĒŲ â€Ŧâ€Ŧ â€Ģīģŗīē”â€Ŧ â€Ģâ€ĒŲĸâ€Ŧâ€Ŧ â€Ģīģ­â€Ŧ â€Ģâ€ĒŲ§â€Ŧâ€Ŧ â€Ģīēâ€Ŧ â€Ģīģ—īēĒâ€Ŧ â€Ģīģ­īēģīģžâ€Ŧ â€Ģīēŗīģ„īģŽīēīģ§īē” īģŖâ€Ŧ â€Ģīģ¨īēŦ īē‘īēĒØĄ īģ§īē¸īēŽīģ īēīē§īē˜â€Ŧ â€Ģīē’īēŽīē­ īēīģģīēŗīģ„īģŽīēīģ§īēŽīē•â€Ŧ â€Ģ·â€ĒήΒĪ›Îƒ ˯ΎθĪ§â€Ŧâ€Ŧ â€Ģ â€ĒĪĻĪŗĪŽĪ¤Î˜ĪŸ ΔĪ„ΤĪŖâ€Ŧâ€Ŧ â€Ģ â€Ē΍â€Ŧâ€Ŧ â€Ģâ€ĒΗĪˇâ€Ŧâ€Ŧ â€Ģâ€ĒĪŽâ€Ŧâ€Ŧ â€Ģâ€ĒĪ´Î‘â€Ŧâ€Ŧ â€Ģâ€ĒΎδâ€Ŧâ€Ŧ â€Ģâ€ĒΕâ€Ŧâ€Ŧ â€Ģ â€ĒΑâ€Ŧâ€Ŧ â€Ģīģ—īēŽīģŖīē– īēīģŸīē¸īēŽâ€Ŧ â€Ģâ€ĒĪ‚ÎŗĪ­ĪˇÎ Ī•ÎŽÎ¸ĪŸÎŽâ€Ŧâ€Ŧ â€Ģīģ›īē” īē‘īē˜īģ¨īģ”īģ´īēŦ īģŖīē¸īēŽīģ­â€Ŧ â€Ģīģ‰â€Ŧ â€Ģīē‡īģ§â€Ŧ â€Ģīē¸â€Ŧ â€ĢīēŽØĄâ€Ŧ â€Ģīēƒâ€Ŧ â€Ģīģ›īē’â€Ŧ â€ĢīēŽâ€Ŧ â€ĢīģŖīē¤â€Ŧ â€Ģīģ§īēŧŲ€īēŽ īģ­īēīģŸīē˜â€Ŧ â€ĢīģŖīē´īē˜īģ˜īē’ Ų‹ īģ˛ īē—īģ˜Ų€Ų€Ų€īģŽīģĄ īē‘īē¸īē¤īģĻ â€Ē ŲĨŲ â€Ŧīēƒīē—īģŽīē‘īģ´īē˛ īģ„īē”Ų‹ īģŸīē˜īģ¤īģŽīģŗīģĻ īēīģˇīē—īģŽâ€Ŧ â€Ģīē‘īģ´â€Ŧ â€Ģīē´īēŽâ€Ŧ â€Ģīē•â€Ŧ â€Ģīē‘īēŽīģŸâ€Ŧ â€Ģīē¸â€Ŧ â€ĢīēŽâ€Ŧ â€Ģīģŗâ€Ŧ â€Ģīģŧâ€Ŧ â€Ģīģ• īēīģˇīģ­īēŗīģ‚â€Ŧ â€Ģīē‡īģŸīģ° â€Ē ŲŖŲ Ų â€Ŧīēƒīē—īģŽâ€Ŧ â€ĢīģŽīģŖīģ´Ų€Ų€Ų€īēŽ īģ­īēīģŸīģ¤īē¤īģ„īē”â€Ŧ â€Ģīē‘īē īēŽīēīē īģĢīģ´īēŒīē” īēīģŸâ€Ŧ â€Ģīē‘īģ´īē˛ īģŗīģŽīģŖīģ´īēŽŲ‹â€Ē .â€Ŧīģ›īģ¤īēŽâ€Ŧ â€ĢīģŖīē°īģ­īēŠīē“ īē‘īēŽīģšīģ§īē¸īēŽâ€Ŧ â€ĢØĄīēâ€Ŧ â€Ģīēˇâ€Ŧ â€ĢīģŸīē˜īē¸īģīģ´īģžâ€Ŧ â€Ģīē•â€Ŧ â€ĢīēŽâ€Ŧ â€Ģīēƒâ€Ŧ â€Ģīģ‹â€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīē—īģŽâ€Ŧ â€Ģīģ¨īģ˜īģž īēīģŸīģŒīēŽīģĄ īē‘īģ¤īēĒīģŗīģ¨īē”â€Ŧ â€Ģīē‘īģ´â€Ŧ â€Ģīē–â€Ŧ â€Ģīģŧâ€Ŧ â€Ģīē¯â€Ŧ â€Ģīē´īēŽâ€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīģŖīē”â€Ŧ â€Ģīē¸â€Ŧ â€Ģīē•â€Ŧ â€ĢīģĢīģ´īēŒīē” īēīģŸīģ¨īģ˜â€Ŧ â€ĢīēŽīģ›īē” īģ“īģ° īē—â€Ŧ â€ĢīģŸīē°īģŗīēŽīēŠīē“ īģƒīēŽâ€Ŧ â€Ģīģžâ€Ŧ â€Ģīģ¨īģ”â€Ŧ â€Ģīēâ€Ŧ â€Ģīģ—īē”â€Ŧ â€Ģīģ´īēŦâ€Ŧ â€ĢīģŸīģŒâ€Ŧ â€Ģīē—īģ¤â€Ŧ â€ĢīēŽīģĄâ€Ŧ â€Ģīē—īģœâ€Ŧ â€ĢīģŽīģŗâ€Ŧ â€Ģīģ īģ´â€Ŧ â€Ģīē‘īēŽīģŸâ€Ŧ â€ĢīģĻâ€Ŧ â€Ģīģ˜īēŽâ€Ŧ â€Ģīģ’â€Ŧ â€Ģīēâ€Ŧ â€ĢīģĢâ€Ŧ â€ĢīģŸīģ¤â€Ŧ â€Ģīģ­â€Ŧ â€Ģīē¤īģ„īē”â€Ŧ â€ĢīģŸīģŒīģ¤īģ īģ´īēŽīē• īēīģŸīē˜â€Ŧ â€Ģīē¯īēīē­īē“â€Ŧ â€ĢīēŽīē“ īē‘īēŽīģŸīģīēŽâ€Ŧ â€ĢīēīģŸīē’īē˜īēŽīģ­īģ īē‘īē¸īē„īģĨâ€Ŧ â€Ģīē¸īģīģ´īģž īģŖīģĻ īē§īģŧīģâ€Ŧ â€Ģīē¯ īēīģŸīģ„īē’īģ´īģŒīģ° īģŸīē˜īē¤â€Ŧ â€Ģīēâ€Ŧ â€Ģīē‡īģ§â€Ŧ â€Ģīģ˜īģ´â€Ŧ â€ĢīģŸīģ¤â€Ŧ â€Ģīē¸â€Ŧ â€Ģīģ–â€Ŧ â€Ģīē¸â€Ŧ â€ĢīēŽØĄâ€Ŧ â€ĢīģĢīēĒâ€Ŧ â€ĢīģŖâ€Ŧ â€ĢīēŽīģ­â€Ŧ â€Ģīē¤â€Ŧ â€Ģīģ‰â€Ŧ â€Ģīģ‘â€Ŧ â€Ģīģ„īēŽâ€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīēīģŸâ€Ŧ â€Ģīē¤â€Ŧ â€Ģīē•â€Ŧ â€Ģīģ”īēŽīģ…â€Ŧ â€Ģīģ­īēīģŸīē’īē´īēŽīē—īģ´īģĻâ€Ŧ â€ĢīģŸīē˜īģ¤â€Ŧ â€ĢīģŒīģ¤īģŧīģ•â€Ŧ â€Ģīģ‹īģ īģ° īēīģŸīē’īģ´īēŒīē” īģ­īēīģŸīģŽâ€Ŧ â€ĢīģŽīģŗīģĻ īēīģˇīē—īģŽīē‘īģ´īē´īēŽīē•â€Ŧ â€Ģīģ­īēŖīģ īģŽīēīģĨ īģ­īēˇīēŽīē­īģ‰â€Ŧ â€Ģīē‘īēŽīģŸâ€Ŧ â€Ģīē‘īģŽâ€Ŧ â€ĢīēģīģŽâ€Ŧ â€Ģīē­â€Ŧ â€ĢīģīēŽâ€Ŧ â€Ģīģâ€Ŧ â€Ģīē¯â€Ŧ â€Ģīēŗâ€Ŧ â€Ģīģˇâ€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīģŒīģ´â€Ŧ â€Ģīģ‹īģ â€Ŧ â€ĢīēĒâ€Ē.â€Ŧâ€Ŧ â€Ģīģ„īē’â€Ŧ â€Ģīģ°â€Ŧ â€Ģīģ´īģŒâ€Ŧ â€ĢīēŸâ€Ŧ â€Ģīģ°â€Ŧ â€ĢīēĒīģ­īģ¯â€Ŧ â€Ģīģ“īģ° īēŸīēŽīēâ€Ŧ â€ĢīēŸīēŽīē• īģĢīģ´īēŒīē” īēīģŸīģ¨īģ˜īģžâ€Ŧ â€ĢīēīģŸīģŒīēŽīģĄ īē‘īēŽīģŸīģ¤īģ„īēŽīģŗīē”â€Ŧ â€Ģâ€ĒĪˇÎ ĪšÎ—ίΎĪâ€Ŧâ€Ŧ â€Ģâ€Ē΍ ÎŽÎŧĪŖ Ī°Ī“ Ī°ĪŸĪ­â€Ŧâ€Ŧ â€Ģâ€ĒΘĪŸâ€Ŧâ€Ŧ â€Ģâ€Ē Ī°â€Ŧâ€Ŧ â€Ģâ€ĒĪ˜Î—â€Ŧâ€Ŧ â€Ģâ€ĒĪĄĪŽâ€Ŧâ€Ŧ â€Ģ â€ĒΑâ€Ŧâ€Ŧ â€Ģīē—īģŒīē˜īē’īēŽâ€Ŧ â€Ģâ€ĒĪ§Îˆâ€Ŧâ€Ŧ â€ĢīēˇīēŽīģ›īē” īģīēŽīē¯īē—īģš īēƒīģ­īģŸīģ° īēīģŸīē¸īēŽīģ›īēŽīē• â€ĒĪ¤Ī§ ΕΎĪ„ΤĪŖ ˯Ύθâ€Ŧâ€Ŧ â€Ģâ€ĒΔĪ ĪŖΎĪœÎ˜ĪŖ ΔĪ´ÎŸÎĢĪŽâ€Ŧâ€Ŧ â€Ģīģ“â€Ŧ â€Ģīģ°â€Ŧ â€ĢīēŸâ€Ŧ â€Ģīģ§īģ¤īģŽīēĢ īģ´īē” īģŖâ€Ŧ â€ĢīģŖīēŧīēŽâ€Ŧ â€Ģīē˜īģœīēŽīģŖīģ īē” īē—īē˜īģ€īģ¤īģĻâ€Ŧ â€ĢīēīģŸīē˜īģ° īē—īģ˜īģŽīģĄ īē‘īē˜īģ¨īģ”â€Ŧ â€Ģīģ›īēŽâ€Ŧ â€Ģīģ´īēŦâ€Ŧ â€Ģīģ“īē”â€Ŧ â€Ģīē—īģŽâ€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīēŸīģĒâ€Ŧ â€Ģīē¨īēĒâ€Ŧ â€ĢīģŖīēŽâ€Ŧ â€Ģīģ­â€Ŧ â€Ģīē•â€Ŧ â€Ģīē¯īēâ€Ŧ â€ĢīēīģŸīē´īģ´īēŽīē­īēīē•â€Ŧ â€Ģīē­īē“ īēīģŸâ€Ŧ â€ĢīēīģŸīē˜īģ° īģŗâ€Ŧ â€Ģīē’īē˜īēŽīģ­īģ īģ“īģ´īģ¤īēŽ īģŗīē¨â€Ŧ â€ĢīēīģŸīē´īēŽīē‹īģž īē‘īēŽīģŸīģīēŽīē¯ īēīģŸīģ„īē’īģ´īģŒīģ° īēâ€Ŧ â€Ģīē¤īē˜īēŽīēŸīģŦīēŽ īēīģŸīģŒīģ¤īģ´īģžâ€Ŧ â€ĢīģŸīģ¤â€Ŧ â€Ģīēēâ€Ŧ â€ĢīģŖâ€Ŧ â€Ģīģ€â€Ŧ â€ĢīģĻâ€Ŧ â€Ģīē‡īģ§â€Ŧ â€Ģīē¸â€Ŧ â€ĢīģīģŽâ€Ŧ â€Ģīē§â€Ŧ â€ĢīēŽØĄâ€Ŧ â€Ģīģŧâ€Ŧ â€Ģīģâ€Ē،â€Ŧâ€Ŧ â€ĢīģŖâ€Ŧ â€Ģīģâ€Ŧ â€ĢīģŖâ€Ŧ â€Ģīē¤â€Ŧ â€ĢīģŖâ€Ŧ â€ĢīēŽīģ›â€Ŧ â€Ģīē°â€Ŧ â€Ģīģ„īēŽīē•â€Ŧ â€Ģīē¸īēŽīģ­īģ‰â€Ŧ â€Ģīģ­īēīģŸīē´īģŽīģģīē­â€Ē ،â€Ŧīģ­īē­īēˇīē”â€Ŧ â€ĢīģŸīē˜īē¤īģŽīģŗīģž īēīģŸīē´īģ´īēŽīē­īēâ€Ŧ â€ĢīģŖīē˜īģœīēŽīģŖīģž īģŗīē˜īģ€īģ¤īģĻâ€Ŧ â€ĢīģŸīē˜īģ˜īēĒīģŗīģĸ īē§īēĒīģŖīē” īģŖīēŽâ€Ŧ â€Ģīē• īģŸīģ īģŒīģ¤īģž īē‘īģ¨īģˆīēŽīģĄâ€Ŧ â€Ģīē‘â€Ŧ â€Ģīģīē´īģ´īģžâ€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīģŒīēĒâ€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīģŽīģ—â€Ŧ â€ĢīģŖīē¤īģ„īē” īģŸīē˜īģ¤īģŽīģŗīģĻâ€Ŧ â€Ģīē’īģ´â€Ŧ â€ĢīģŽīēŠâ€Ŧ â€ĢīģŠâ€Ŧ â€Ģīēâ€Ŧ â€Ģīģ­â€Ŧ â€ĢīģŸīģ¤â€Ŧ â€Ģīē°â€Ŧ â€Ģīēģâ€Ŧ â€Ģīēŗīģ´īēŽīē­īēīē•â€Ē...â€Ŧīē‡īģŸīēĻ(â€Ē،â€Ŧâ€Ŧ â€Ģīģ´īēŽīģ§īē” īēīģŸīē´īģ´īēŽâ€Ŧ â€ĢīēŠīģ­īēâ€Ē ،â€ŦīģŖīē¤â€Ŧ â€Ģīē­īēâ€Ŧ â€Ģīģ„īē”â€Ŧ â€ĢīģŸâ€Ŧ â€Ģīē•â€Ē،â€Ŧâ€Ŧ â€Ģīē˜īģ¤â€Ŧ â€ĢīģŖâ€Ŧ â€ĢīģŽīģŗâ€Ŧ â€ĢīēŽīģ›â€Ŧ â€ĢīģĻâ€Ŧ â€Ģīē°â€Ŧ â€ĢīēīģŸâ€Ŧ â€ĢīģŽīģ—īģŽīēŠâ€Ŧ â€Ģīē§īēĒīģŖīē” īģŸīģ īē´â€Ŧ â€Ģīģ´īēŽīē­īēīē• )īēŋīē’īģ‚ īē‡â€Ŧ â€ĢīģƒīēŽīē­īēīē•â€Ē /â€Ŧīē—īē¸īē¤īģ´īģĸâ€Ē/â€Ŧâ€Ŧ

â€Ģâ€Ē33458059â€Ŧâ€Ŧ

â€Ģâ€ĒZZZ gastec-egypt FRPâ€Ŧâ€Ŧ



ī€  ī‚ĸī•īƒŠī‚˛īˆī€ ī€ īƒˆīˆī¨ī‘ī¨īƒīƒ•ī‡ī€ īī‚ƒīƒīƒ•ī‡ī€ ī‚ĸī‚ī‚¸īƒī€ ī‚Ģī‚ƒī‚ģī‚ˆīŒī‡ī€ ī‘īƒ„ī‚ĄīƒŠīƒ—ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‰īƒ„ī™ī ī€ īī‚ƒīƒīƒ•ī‡ī€ īƒ”ī€ ī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ īƒ€īƒ„ī‚€ī‚Ąī”ī€ ī‚ĸī‚īƒ‡ī†ī‘ī¨ī€ īƒˆī‚Ąī•īƒŠī‚˛ī¤ī‡ī€ ī‚‡īī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ī¨ī€ ī‚‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ī¨ī€ ī‰ī‘ī‚ƒī‚Žī‚ˆī¤ī‡ī€ ī‚™īĒī’ī¨ī€ ī‚ĸī‚īŠīƒ„īƒ‡ī‚ĩīƒ‡ī‚¸īƒ‡ī‚Ąī“ī€ ī‚ĸī‚īƒ‡ī‚¸īŖīƒ„īƒ‡īĻī€ īžīƒ‡ī‚Ąī‚ī¤ī‡ī€ ī‚ŧī‚¸ī‚Ąī“ ī€ īī‚ƒīƒīƒ•ī‡ī€ ī‚ĸī‚ī‚¸īƒī€ ī‚Ģī‚ƒī‚ģī‚ˆīŒī‡ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‘īƒ„ī‚ĄīƒŠīƒ—ī€ ī‚‡īƒ‡īĻīžī‚Šīƒ™ī‡ī€ ī‰ī¨īƒ­ī¤ī‡ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚™īĒī’ī¨ī€ ī‚ēī‚ƒī‚ģīŖī€ ī‚‡īĨī‚ƒī‚Ąī“īƒī‡ ī€ ī‚ĸī“īžī‚žīƒī‚ģī‚¸ī¤ī€ ī€ ī‰īƒ„ī™īī€ ī‚ƒīƒ‡ī¤ī‚ƒīī€ īƒˆī ī īˆī¨ī‘ī¨īƒīƒ•ī‡ ī€ ī‚ĸī‚īƒ‡ī†ī‘ī€ ī‚ĸī•īƒŠīĸī€ ī‚‡ī‚¯ī‚Ąī‚Ÿīˆī€ ī‚‡ī‚˛ī‚Ŗī‚žīƒ™ī‡ī€ īƒ”ī€ ī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ ī‚ƒīĒī‚ƒī‚ĄīƒŠīĸī€ ī‚‡ī‚Ąī‚žīĸī‚ƒī‚žīƒ™ī€ ī€ īƒŠī‚ģī‚Ąī‚īĒīī€ ī€ąī€ŗī€ ī€Ŧī€ąī€˛ī€ īƒˆīĨīƒ„īĒī€ ī‚ēīƒŽīŽī€ ī‚ĸī•īƒŠīĸī€ īƒ”ī€ īžī‚˛ī‚Šīƒ‡ī‚Ąī“ī€ īƒ‰ī‚˜ī¤ī‡ī€ īƒˆīˆī¨ī‘ī¨īƒīƒ•ī‡ ī€ ī€Žī€ īƒˆīˆī¨ī‘ī¨īƒīƒ•ī‡ī€ īī‚ƒīƒīƒŽī¤ī€ ī‚‡īƒ‡ī¤ī‚ƒīƒ—ī‡ī€ ī‰ī‘ī¨īžī¤ī‡ ī€ ī‰īƒŠīŽī€ ī‚ƒīƒī¤ī¨ī€ ī‚‡ī‚˛ī‚Ŗī‚žīƒ™ī‡ī€ īƒ”ī€ īŠīƒŠī‚ĩī¤ī‡ī€ ī‚‡ī¤ī¨īžī¤ī‡ī€ ī‚ƒī§ī‘ī‚ƒī‚„ī‚ˆī™ī‚ƒīˆī€ ī‚Ģī‚ƒī‚ģī‚ˆīŒīƒ•ī‡ī€ ī‚“ī‚ƒī‚ˆī‚ˆīĄī‡ī€ īƒ”ī€ ī‚‡ī‚ģī‚¸īŖī€ īī‚ƒī‚˛ī¤ī…ī‚ƒīˆī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚Ŋīƒ„ī‚˛īŠī€ īƒ€īƒī‡ī€ īƒˆī‚Ąī•īƒŠī‚˛ī¤ī‡ī€ ī‚™īĒī’īƒ„ī¤ī‡ī€ ī‚…ī¤ī‚ƒī—ī¨ ī€Žī€ īƒˆīˆī¨ī‘ī¨īƒīƒ•ī‡ī€ īī‚ƒīƒīƒ•ī‡ī€ ī‚ēī¨īžī¤ī€ ī‰ī‘ī¨ī‚ƒī‚Žīƒ™ī‡ī€ ī‚ēī¨īžī¤ī‡ī€ ī‚‡ī™īƒ„ī‚ģīƒī€ ī‚šīƒ‡ī‚‹ī‚ģī‚ˆī¤ī€ ī‚…ī‚Ąī‚īĻīƒīƒ•ī‡ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚‡ī™ī‚ƒī‚žī‚Ąī•ī€ īƒ”ī€ ī‚‡ī‚¸īĒīƒ„ī— ī€ ī‚ŋīĒīžī‚¸ī‚„ī¤ī‡ī€ īƒ‰ī‚™īĒī’ī¨ī€ ī‚‡ī‚Ąī“ī‚ƒī†ī‚™īˆī€ īƒˆī‚Ąī•īƒŠī‚˛ī¤ī‡ī¨ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ īƒ˛ī‚„īĻī‚ƒīƒ–ī‡ī€ īƒ˛īˆī€ ī‚Šīžī‚˛ī™ī€ īƒˆī‚ˆī¤ī‡ī€ ī‚‡īŖīƒĢī‚Ąī‚žīƒ™ī‡ī€ ī‚Šī‚ƒī‚‹īī‚ƒī‚„īƒ™ī‡ī€ ī‚‡ī‚Ąī‚ī‚¸īŒī€ ī‚ēīƒŽīŽī€ ī‚ļī¤īī€ īī‚ƒīŒ ī€Žī‚ĸī“īžīƒ‡ī‚Ąī“ī‚ƒīƒ‡ī¤ī€ ī‚ĸī“īƒ„īŠīƒ„ī‚Ąī“ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚ĸī•īƒŠīĸī€ īƒąī‚¯ī‚Ąī“ī¨ī€ ī‚ĸī•īƒŠīĸī€ īƒ”ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒąī‚¯ī‚Ąī“ī€ ī‚Ŋīƒ„īŽī‚ƒīˆī€ ī‚‡ī‚‘ī‚žīĨī€ ī‰īƒąī‚¯ī‚Ąī‚ī¤ī‡ī€ ī‘īƒ„ī‚ĄīƒŠī‚‘īˆ ī€ ī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ī€ ī‚Šī‚ƒīƒ‡īĸī‚ƒī‚¯īŠīƒ•ī‡ī€ īžī‚˛ī™ī€ ī‚ēī‚ƒīƒī€ īƒ”ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‰īƒŠī‚”īˆī€ ī‚‡īĻī‚ƒī‚Šī‚ˆī‚Ąī“īƒ•ī‡ī€ ī‚…ī‚¸ī—ī€ īƒˆī‚Ąī•īƒŠī‚˛ī¤ī‡ī€ ī‚…īĻī‚ƒīƒ–ī‡ī€ īƒ€īƒī‡ ī€ īƒ›ī…ī‡ ī€ ī‚ēī‚ƒī‚ģīŖī€ ī‚‡īĨī‚ƒī‚Ąī“īƒī‡ ī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡ī€ ī‘ī‚ƒī‚Ąī”īƒī‡ī¨ ī€Žī‚ąī‚ƒī‚Ąī‚žī‚ĩī‚ˆī‚Ąī“īƒ•ī‡ī¨ī€ ī‚Œī‚‘ī‚„ī‚¸ī¤ī€ ī‚‡īƒ‡īƒ™ī‚ƒī‚Šī¤ī‡ī€ ī‚Šī‡īžīĒī‡ī‚›īƒ™ī‡ī€ ī‚“ī‚™ī—ī¨ī€ īƒ…īĨī‚›īƒ‡ī‚Ąī‚ī¤ī‡ī€ ī‚’ī‚Ąī‚īƒ™ī‡ī€ ī‚Šī‚ƒī‚Ąī“ī‡ī‘īī¨ī€ ī‚‡ī‚˛īƒ‡ī‚ģī‚Šī¤ī‡ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ī€ īƒ”ī€ ī‚‡ī‚Ąī•ī‚ƒīŽī€ ī’ī‚ƒī‚Ŧī¤ī‡ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚ŋī™ī€ ī‚Œī‚‘ī‚„ī‚¸ī¤

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ī€ ī‚‡īĨī‚ƒī‚Šī¤ī‡ ī€ ī‚‡ī‚€īƒ‡īƒī¤ī‡ ī€ ī‰ī‘ī‡īī…ī‡ ī€ ī‚ĸī‚ī‚¸īƒ ī€ ī‚ŗī ī īĄī‡ī¨ ī€ ī‚Ŋī‚ƒīƒ‡īĸ ī€ īƒ…ī‚¸ī™ ī€ ī‚Ģī‚ƒī‚ģīŒī…īƒ•ī‚ƒīˆ ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ ī€ ī‚‡īƒ‡ī‚ģī‚žī‚ˆī‚¸ī¤ ī€ ī‚‡īŖī‚™ī‚Ąī” ī€ ī‚ĸī‚īƒ‡ī‚Ąī“īƒī‚ƒīŠ ī€ īƒ” ī€ ī‚‡ī‚ģī§ī‚ƒī‚Ąī‚īƒ™ī‚ƒīˆ ī€ ī‚‡ī‚€īƒ‡īƒī¤ī‡ ī€ ī‰īƒąī‚Ŧī‚Ąī•ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī•ī€ ī‚Šī‚ƒī‚Šī‚ģīƒŽī€ īī‚ƒī‚Ąī‚žīĻī…īƒ•ī€ ī‚‡ī‚ĄīƒŠīˆī‚ƒīĸ ī€ īƒ›īƒ„ī‚ˆīŠī€ īƒ€īƒī‡ī€ īƒ…ī‚¸ī™ī€ ī‚Šī‚ƒīĒī¨ī‚ƒī‚ģīƒ‡īŖī¨īƒĢī‚„ī‚¸ī¤ī€ ī‚‡ī‚Ŗī‚Ąī“īƒ„ī‚ˆīĨī¨ ī€ ī‚‡īƒ‡ī‚ģī‚žīŠī¨ ī€ ī‰ī‘ī‡īī…ī‡ī¨ ī€ īī‚ƒī ī ī‚Ąī ī‚žī īĻī…ī‡ ī€ ī‚Ŋī‚ƒī ī īƒī īĨ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ īƒĢī‚„ī¤ī‡ ī€ ī‚Šī‚ƒī‚Žī‚ˆī‚žī‚ģī‚¸ī¤ ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ ī€ ī‚Šī‚ƒī‚Šī‚ģī‚Žī‚ˆī¤ī‡ ī€ ī‚‡ī‚€ī‚„ī‚Šī‚ˆī¤ī‡ –ī€ īžīƒ‡īƒ‡ī‚Ąī‚žī‚ˆī¤ī‡"ī€ ī‚Šīƒ•ī‚ƒīƒī€ īƒ”ī€ ī‚‡īĒī¨ī‚ƒī‚ģīƒ‡īŖī¨ ī€ ī‚Šī‚ƒī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ – ī€ ī‚‡īƒ‡ī‚ĩīƒ‡ī‚ˆī‚Ąī“īƒŽī‚„ī¤ī‡ ī€ ī‚°īƒ‡ī‚¸ī‚Ŧī‚ˆī¤ī‡ī¨ ī€ ī€Žī‚ĸī•ī‚ƒīƒ˜ī‡ī€ ī‚Ģī‚ƒī‚Ŗī‚˛ī¤ī‡ī€ ī‚ŋīĨī€ ī‚ŋīĒī‚™ī‚ģī‚‹ī‚ˆī‚Ąī‚īƒ™ī‡ī€ ī‚‡īŖī‘ī‚ƒī‚Ąī‚žīƒŒī€ ī€Ŧ"ī‚Šī‡ī‘ī‚ƒīƒ‡ī‚Ąī‚ī‚¸ī¤ī€ ī‚‡īĒī‚˜ī‚Ŧīƒ™ī‡ ī€ ī‚Ēīƒ‡īĸīƒ„īŠ ī€ īƒ“ ī€ īƒ‚īĻīƒī‡ ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ ī€ ī‚‡īƒ‡ī‚ģī‚žī‚ˆī¤ī‡ ī€ ī‚‡ī‚€īƒ‡ī§ ī€ ī‰ī‘ī‡īī…ī‡ ī€ ī‚ĸī‚ī‚¸īƒ ī€ ī‚ĸī‚īƒ‡ī†ī‘ ī€ īƒ‰īžī‚Žī‚žī¤ī‡ ī€ ī‚šīƒ‡ī™ī‚ƒī‚ģī‚Ąī“ī…ī‡ ī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡ ī€ ī‚’ī‚Ąī–ī¨īƒī‡ī¨ ī€ ī‚‡īƒ‡ī‚ģī‚žī‚ˆī‚¸ī¤ ī€ ī‚‡īĨī‚ƒī‚Šī¤ī‡ ī€ ī‚‡ī‚€īƒ‡īƒī¤ī‡ī¨ ī€ ī‚Šī‚ƒīĒī¨ī‚ƒī‚ģīƒ‡īŖī¨ ī€ īƒĢī‚„ī‚¸ī¤ ī€ ī‚‡ī‚ĄīƒŠīˆī‚ƒī‚˛ī¤ī‡ ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‚ŋīĨ ī€ ī‚šīŖ ī€ īƒ˛īˆ ī€ īƒ€ī¨ī‚ƒī‚ŠīŠ ī€ ī‚ēīƒ„īŖīƒ„īŠī¨ī‚™īˆ ī€ ī‚Šī‚ƒī™ī¨ī‚™ī‚Ąī‚žī‚ģī‚¸ī¤ī€ īƒ‰ī‚˜īƒ‡ī‚¯ī‚žī‚ˆī¤ī‡ī€ ī’ī‚ƒīƒīƒ–ī‡ī¨ī€ ī‚‡īƒ‡ī‚ģī‚žī‚ˆī‚¸ī¤ī€ īƒˆī™ī‚ƒī‚ģī‚ˆīŒīƒ•ī‡ī€ ī‚´ī¨īžī‚žī‚Ąī‚Ÿī¤ī‡ī¨ī€ ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“īƒŽī¤ī€ ī‚‡īĨī‚ƒī‚Šī¤ī‡ī€ ī‚‡ī‚€īƒ‡īƒī¤ī‡ī¨ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ ī€ ī‚‡īƒ‡ī†ī‚ƒīƒī‚žī¤ī‡ī€ ī‚Šī‚ƒī‚Žī‚ˆī‚žī‚ģī‚¸ī¤ī€ ī‚‡ī‚Ŗī‚Ąī“īƒ„ī‚ˆīƒ™ī‡ī¨ī€ ī‰īƒąī‚Ŧī‚Ąī‚Ÿī¤ī‡ī€ ī‚Šī‚ƒī™ī¨ī‚™ī‚Ąī‚žī‚ģī‚¸ī¤ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī•ī€ ī‚Šī‚ƒī‚Šī‚ģīƒŽī€ ī‚‡īĨī‚ƒīĸī…īƒ• ī€ ī‚‡īƒ‡ī‚žīĒīžī‚Šī‚ˆī¤ī‡ī¨ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ ī€ ī‚‡īƒ‡ī¤ī‚ƒīƒ—ī‡ī€ ī‚Šī‚ƒīĒī¨ī‚ƒī‚ģīƒ‡īŖī¨ī€ īƒĢī‚„ī‚¸ī¤ī€ ī‚‡īƒ‡īĨīƒ„ī‚˛ī¤ī‡ī€ ī‚‡ī‚Ŗīƒ˜ī‡ī€ ī‚Šī‚ƒī™ī¨ī‚™ī‚Ąī‚žīĨī€ ī‚ŋīĨī€ ī‚ƒīƒīŒī‚ƒī‚ˆīĻī…ī‡ī€ ī‚ŧī‚ˆīĒī€ īƒˆī‚ˆī¤ī‡ī€ ī‚Ŋī‚ƒīƒ˜ī‡ī€ īī‡īƒ„īƒ™ī‡ī€ ī‚Ŋī‡īžī‚”ī‚ˆī‚Ąī“ī‚ƒīˆī€ ī‚ļī¤īī¨ ī€Žī‚‡īƒ‡ī‚¸ī‚„ī‚˛ī‚ˆī‚Ąī‚īƒ™ī‡ī¨ ī€ ī‘īžī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ēī‚ƒīƒ™ī‡ī€ ī‚ĸī ī ī“īƒī‡ī‘ī¨ī€ īƒ‚īƒ‡ī‚žīŒī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ īƒ€īƒ„ī‚Ąī‚ī‚ģīŽī€ īƒƒī‘īžīĸī€ ī‚ĸī‚ŸīŽī‚™īƒ™ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚ēī‚ƒīĨī€ ī‚ĸī ī ī“īƒī‡ī‘ī€ īƒ€īƒī‡ ī€ īƒ‰īžī‚Žī‚žī¤ī‡ī€ ī‚ąī‚ƒī‚Ąī–īƒī‡ī¨ ī€ īƒ˛īˆī€ īƒ‰ī¨ī‚ƒī‚Ąī‚ī‚ˆī¤ī‚ƒīˆī€ ī‚‡ī™ī’īƒ„īĨī€ īƒ‚īƒ‡ī‚žīŒī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ īƒ˛ī‚Ąī‚ī‚ģīŽī€ īƒ„ī§ī€ ī‚ƒīƒī‚žīĨī€ ī‚Ģīƒ„īĄīžīƒ™ī‡ī€ ī‚ēī‚ƒīƒ™ī‡ī€ ī‚ĸī“īƒī‡ī‘ī€ īƒ€īƒ„ī‚ĩīĒī€ īƒ€īƒī‡ī€ īƒ…ī‚¸ī™ī€ īƒ‚īƒ‡ī‚žīŒī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ īƒ€ī¨ī‚™ī‚Ąī‚žī™ ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ī€ ī‚‡īƒ‡ī‚ģī‚žī‚ˆī‚¸ī¤ī€ ī‚‡īĨī‚ƒī‚Šī¤ī‡ī€ ī‚‡ī‚€īƒ‡īƒī¤ī‡ –ī€ ī‚Šī‚ƒīĒī¨ī‚ƒī‚ģīƒ‡īŖī¨ī€ īƒĢī‚„ī‚¸ī¤ī€ ī‚‡ī‚ĄīƒŠīˆī‚ƒī‚˛ī¤ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€Šī€ īƒ…ī§ī¨ī€ ī‚‡ī‚Šīˆī‘īƒīƒ•ī‡ī€ ī‚ēīƒ„īŖīƒ„īŠī¨īƒŠī¤ī‡ī€ ī‚Šī‚ƒīƒīŒ ī€Žī€¨ī‚‡īƒ‡ī‚žīĒīžī‚Šī‚ˆī¤ī‡ī¨ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ī€ ī‚Šī‚ƒī™ī¨ī‚™ī‚Ąī‚žī‚ģī‚¸ī¤ī€ īƒ‰ī‚˜īƒ‡ī‚¯ī‚žī‚ˆī¤ī‡ī€ ī’ī‚ƒīƒīƒ–ī‡ –ī€ ī‚‡īƒ‡ī‚ģī‚žī‚ˆī‚¸ī¤ī€ īƒˆī™ī‚ƒī‚ģī‚ˆīŒīƒ•ī‡ī€ ī‚´ī¨īžī‚žī‚Ąī‚Ÿī¤ī‡ –

ī‘īƒ•ī¨īī€ ī‘ī‚ƒīƒ‡ī‚¸īĨī€ ī€ļīžī€ąī€ īƒ›ī…ī‡ī€ ī‚ĸīƒŠī‚¯ī‚”ī‚žīŠī€ ī‚šī‚Ąī”ī€ ī‚“ī‚ƒīˆī‘īƒī‡ī€ ī€ ī€Žī€Žī€Žī€Žī€ ī‚ī‚ƒī‚ˆīĻī…īƒ•ī‡ī€ ī‚ĒīŒī‡ī‚™īŠī¨ī€ ī‘ī‚ƒī‚Šī‚Ąī“īƒīƒ•ī‡ī€ ī‚ĸī–ī‚ƒī‚¯ī‚”īĻī‡ī€ ī‚…ī‚„ī‚Ąī‚īˆ ī€ ī‚šī†ī‡īƒ„ī‚Ąī‚ī¤ī‡ī€ ī‚ŋīĨī€ īƒˆīƒ™ī‚ƒī‚Šī¤ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚ī‚ƒī‚ˆīĻī…ī‡ ī€ ī‚ĒīŒī‡ī‚™īŠī€ īƒ”ī€ ī‚‡īƒ‡ī‚žīĨīƒī‡ ī€ ī€Žī€Ĩī€ ī€´ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ī‚ƒī‚ˆīĻī…ī‡ī€ ī‚ĒīŒī‡ī‚™īŠī¨ī€ ī€Ĩī€ĩ ī€ ī‚‡īƒ‡ī†ī‚ƒī‚žī‚‹ī‚ˆī‚Ąī“īƒ•ī‡ ī€ ī‚°īĒī‘ī‚ƒī‚Ąī‚Ÿīƒ™ī‡ ī€ īƒ”ī‚ƒī‚Ąī• ī€ īƒ€ī…ī‡ ī€ īēī‚šī‚Ąī”īģ ī€ ī‚‰ī¤ī‚ƒīĸī¨ ī€ ī‚‡īƒ‡īĄī‚ƒī‚Ąī•ī€ ī‰īī‚ƒīĒī‚›īˆī€ ī‚‡īĻī‘ī‚ƒī‚˛īĨī€ ī‘īƒ•ī¨īī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ ī€´ī€ŗī€˛ī€ ī‚­ī¤ī‚ƒī‚„ī¤ī‡ī€ ī‚Ēīˆī‚™ī‚¸ī¤ ī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ ī€ąī€ŗī€´ī€ ī‚ƒīĢ ī‚ĄīƒŠīĒīƒī‡ ī€ ī‚šī‚ģī‚Ąī”ī€ ī‚Ŋī‚ƒī™ī€ ī‚šī‚„īĸī€ ī‚ƒīĢ īĻīƒ„īƒ‡ī‚¸īĨī€ ī€˛ī€´ī€ĩī€ ī‚ƒī§ī‘īžīĸ ī€Žī‚‡īƒ‡īĻīƒ„īĻī‚ƒīĸī¨ī€ ī‚‡īƒ‡ī‚€īƒ‡īˆī€ īīƒ„ī‚žī‚„ī¤ī€ ī‘īƒ•ī¨ī 5

Petroleum Today

ī€ ī‚‡ī‚ģīŒī‚ƒī‚žī¤ī‡ ī€ ī‚‡īƒ‡ī†ī‚ƒī‚žī‚‹ī‚ˆī‚Ąī“īƒ•ī‡ ī€ ī‚°īĒī‘ī‚ƒī‚Ąī‚Ÿīƒ™ī‡ ī€ īī‚ƒī‚Šī‚„ī‚ˆī‚Ąī“ī‚ƒīˆī¨ ī€ ī‚Ŋī‚ƒī ī ī™ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‘ī‚ƒī‚Šī‚Ąī“īƒī‡ ī€ ī‚°ī‚Šī‚Ąī–ī€ ī‚…ī‚„ī‚Ąī‚īˆī€ ī‚ēīƒ„ī‚Ąī•īƒī‡ ī€ ī‚‡ī‚ģīƒ‡īĸī€ ī‚ĸīƒŠī‚¯īŽī€ ī‚ŋī™ ī€ ī‚šīĨī‡īƒ„ī™ī¨ ī€ ī‚‡īƒ‡īĻī‚ƒī‚ŖīĒī‚™īˆ ī€ ī‚‡īƒ‡ī‚„īĒī‚™ī‚Ąī– ī€ ī‚ŠīƒŽīĒīžī‚ŠīŠī¨ ī€ īƒˆī‚ĩīĒī‚™īĨīƒīƒ•ī‡ ī€ ī‘īƒ•ī¨īī€ ī‘ī‚ƒīƒ‡ī‚¸īĨī€ ī€ļīžī€ļī€ ī‚‰ī‚Ŧī‚¸īˆī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚“ī‚ƒī ī īˆī‘īƒī‡ ī€ īƒ€ī…ī‚ƒī īĄ ī€ īŠī‚™ī ī īŽīƒī‡ ī€ ī‘ī‚ƒīƒ‡ī‚¸īĨ ī€ ī€ļīžī€ŗ ī€ ī‚“ī‚ƒī ī īˆī‘īƒīƒ•ī‡ ī€ ī‚­ī‚¸ī‚„īŠ ī€ īƒ€īƒī‡ ī€ ī‡īƒ„ī‚Šīĸīƒ„īŠ ī€ īƒ€īƒ„ī‚¸ī‚¸īƒž ī€ īƒ€ī‚ƒī ī īŖī¨ ī€Žī‘īƒ•ī¨ī ī€ ī‚Šī‚ƒī‚¯ī¤ī‚ƒīƒŸī€ ī‚‡ī‚Žīƒ‡ī‚ˆīĻī€ ī‚ƒīĒīƒąī‚Žīƒ‡īĻī€ īƒ”ī€ ī‚ī‚ƒī‚ˆīĻī…īƒ•ī‡ī€ ī‚°īĸīƒ„īŠī€ ī‚ŧīƒī‚Ąī“īƒī‡ī¨

- November 2012

ī€ ī‚‡īŖī‚™ī‚Ąī”ī€ īƒŠī ī īŖīƒī‡ ī€ īƒĻī‚ƒī ī ī‹ ī€ īēī‚šī‚Ąī”ī€ ī‚ĸī ī ī‚žī īŠī‡īī€ ī‚ēī‚ƒī ī  īĒī¨ī‘īģī€ ī‚‰ī‚¸ī‚Žī‚Ąī“ ī€ ī‚“ī‚ƒīˆī‘īƒī‡ ī€ īƒ” ī€ ī€Ĩ ī€ ī€ąī€ĩ ī€ īƒ‚ī‚ˆī‚„ī‚Ąī‚īĻ ī€ ī‚ƒīĢ ī‚Ąī–ī‚ƒī‚¯ī‚”īĻī‡ ī€ īƒšī‚ƒī‚Šī¤ī‡ ī€ īƒ” ī€ ī‚¤ī‚¯ī‚žī‚¸ī¤ ī€ ī‚¤ī‚¯ī‚žī¤ī‡ ī€ ī‘ī‚ƒī ī ī‚Šī ī‚Ąī ī“īƒī‡ ī€ ī‚ĸī–ī‚ƒī‚¯ī‚”īĻī‡ ī€ īƒ…ī‚Ŧī— ī€ īī…ī‡ ī€ ī‚Œī¤ī‚ƒī‚‹ī¤ī‡ ī€ ī‚Ēī ī īˆī‚™ī ī ī¤ī‡ ī€ ī‚ĸī‚žīĨī‡īƒ„ī§ī€ īƒ…ī‚¸ī™ī€ ī‚‡īƒ‡ī†ī‚ƒī‚žī‚‹ī‚ˆī‚Ąī“ī‡ī€ ī‚°īĒī‘ī‚ƒī‚Ąī‚ŸīĨī¨ī€ ī‚ī‚ƒī‚ˆīĻī…īƒ•ī‡ī€ ī‚ĒīŒī‡ī‚™īŠī¨ ī€Žī‚™īĒī‚™ī‚ĩī‚ˆī¤ī‡ī€ ī‚‡ī‚Ŗī‚Ąī‚žīĻīƒī‡ī€ īƒ”ī€ ī‚‡īĒīƒ„īĸ īĢ ī€ ī€ļīžī€ąī€ ī‚ƒī ī ī§ī‘īžī ī īĸ ī€ ī‚‡īƒ‡īĄī‚ƒī‚Ąī•ī€ ī‚ƒī ī īī‚ƒī ī īˆī‘īƒī‡ ī€ īēī‚šī ī ī‚Ąī  ī”īģī€ ī‚‰ī ī ī‚žī ī‚¸ī ī™īƒī‡ī¨ ī€ ī‚šī‚„īĸ ī€ ī‘īƒ•ī¨ī ī€ ī‘ī‚ƒīƒ‡ī‚¸īĨ ī€ ī€ˇīžī€˛ ī€ ī‚ŋīĨ ī€ ī‚ƒīĢ ī‚Ąī–ī‚ƒī‚¯ī‚”īĻī‡ ī€ ī‘īƒ•ī¨ī ī€ ī‘ī‚ƒīƒ‡ī‚¸īĨ


ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚ƒīƒīŠī‡ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“ī‡ī€ ī‰īī‚ƒīĒī‚›ī¤ī€ ī‚¤ī‚Ŗī‚”īŠī€ ī€ ī‚‡īĒī‚›īƒ‡ī¤ī‚ƒīƒ™ī‡ī€ ī‚ĸī“ī‚ƒīĻī€ ī¨īƒĢīˆī€ ī‚‡īŖī‚™ī‚Ąī” ī€ ī‚•ī‚Ąī–ī€ ī‚ąīžīƒī‚ˆī‚Ąī‚īŠī€ īƒ‚ī‚ˆīŖī‚™ī‚Ąī”ī€ īƒ€īƒī‡ ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ īƒ”ī€ ī‚‡ī‚¸īĨī‚ƒī‚Šī¤ī‡ī€ ī‚‡īĒī‚›īƒ‡ī¤ī‚ƒīƒ™ī‡ī€ ī‚ĸī“ī‚ƒīĻī€ ī¨īƒĢīˆī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚ĸī‚īƒ‡ī†ī‘ī€ īƒ˛īĨīƒīƒ•ī‡ī€ īžī‚ģīƒžī€ īžīŖīƒī‡ ī€  ī€ īƒƒī‚ƒīƒ‡īƒ™ī‡ī€ īƒ”ī€ ī‚™ī‚¯ī‚‘ī‚¸ī¤ "Aī€ ī€š"ī€ ī‚‡ī‚¸īī‚™īƒ™ī‡ī€ ī‚˜īƒ‡ī‚¯ī‚žīŠī€ ī‚ƒīƒī‚žīƒ‡īˆī€ ī‚ŋīĨī€ ī‰īžīĒīžīƒ–ī‡ī€ ī‚Šī‚ƒī™ī¨ī‚™ī‚Ąī‚žīƒ™ī‡ī€ ī‚ŋīĨī€ īīžī™ī€ ī‚˜īƒ‡ī‚¯ī‚žī‚ˆī¤ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‰īžīĒīžīŒī€ ī‚Šī‡ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“ī‡ ī€ ī€Žī‘īƒ•ī¨īī€ ī‘ī‚ƒīƒ‡ī‚¸īĨī€ ī€ąīžī€ĩī€ īƒ›ī…ī‡ī€ ī‚šī‚Ąī‚ŸīŠī€ ī‚Šī‡ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“ī‚ƒīˆī€ ī‚‡ī‚˛īƒ‡ī‚ģī‚Šī¤ī‡ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ī‚ƒī‚ˆīĻī…ī‡ī€ ī‚ŧī‚Žīī€ īƒ€īƒī‡ī€ īƒ›ī…ī‡ī€ īƒˆī‚žī—īƒ„ī¤ī‡ī€ īžīƒ‡ī‚Šī¤ī‚ƒīˆī€ ī‚‡īĒī‚›īƒ‡ī¤ī‚ƒīƒ™ī‡ī€ ī‰ī‘ī‚ƒī‚¯ī‚Ąī‚ī¤ī‡ī€ ī‚ēī‚ƒī‚¯ī‚ˆīī‡ī€ ī‚ĸī‚žīĨī‚ƒī§ī€ īƒ…ī‚¸ī™ī€ ī‚‡īƒ‡ī‚¯ī‚‘ī‚Ąī•ī€ ī‚Šī‚ƒī‚‘īĒī‚™ī‚Ąī‚ŸīŠī€ īƒ”ī€ īƒ˛īĨīƒīƒ•ī‡ī€ ī‘ī‚ƒī‚Ąī”īƒī‡ī¨ ī€ ī‚ŧī‚ˆīĒī¨ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ī‚ƒī‚ˆīĻī…ī‡ī€ ī‚ŋīĨī€ ī€Ĩī€˛ī€ĩī€ īƒ„ī‚‘īĻī€ īƒ›ī…ī‡ī€ ī‚ƒīƒ‡ī¤ī‚ƒīī€ ī‚šī‚Ąī‚ŸīĒī€ īƒ‰ī‚˜ī¤ī‡ī¨ī€ ī‚‡ī‚˛īƒ‡ī‚ģī‚Šī¤ī‡ī€ īƒƒī‚ƒīƒ‡ī‚ģī‚¸ī¤ī€ ī‚ƒī‚ˆī¤īžī¤ī‡ī€ ī‚†ī‚™īšī€ ī’ī‚ƒīƒ‡ī‚ˆīĨī‡ī¨ī€ ī‚‡ī‚˛ī‚Ŗī‚žīĨī€ ī’ī‚ƒīƒ‡ī‚ˆīĨī‡ī€ ī‚ŋīĨ ī€ ī‚ēīƒŽīŽī€ ī‚ŋīĨī€ ī‚ēī‚ƒī‚Ąī‚īƒ™ī‡ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚šī‚ĩī‚Ąī”ī€ īƒ”ī€ ī‚™īĒīžī‚Ąī‚Ÿī‚ˆī¤ī‡ī€ ī‚´īƒ„ī‚Ąī“ī¨ī€ īƒ…ī‚¸ī‚‘īƒ™ī‡ī€ ī‚…ī‚¸ī‚Ŗī‚¸ī¤ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚‡īƒ‡ī‚žī—īƒ„ī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚‡ī‚ĩī‚„ī‚Ąī”ī€ īƒ›ī…ī‡ ī€ ī‚ƒīƒī‚ģīƒ‡ī‚¸ī‚Ąī‚īŠ ī€Žīƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ēī‚ƒī‚Ąī‚īƒ™ī‡ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚‡ī‚Ŗīƒž ī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚ĒīĨī€ ī‚‡īŖī‘ī‚ƒī‚Ąī‚žīƒ™ī‚ƒīˆī€ ī‰ī‚™ī§ī‚ƒī‚˛ī¤ī‡ī€ īƒ”ī€ ī‚ƒīĒī‚›īƒ‡ī¤ī‚ƒīĨī€ ī‚‡ī¤ī¨īžī¤ī€ īƒˆī‚žī—īƒ„ī¤ī‡ī€ īžīƒ‡ī‚Šī¤ī‚ƒīˆī€ īƒ•ī‚ƒī‚¯ī‚ˆīī‡ī€ ī‚‰ī‚ģī‚ĻīĻī€ īžīĸī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚ƒīĒī‚›īƒ‡ī¤ī‚ƒīĨī€ ī‰ī‘ī‚ƒī‚¯ī‚Ąī“ī€ ī‚‰īĻī‚ƒīŖī¨ī€  ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚ƒīĒī‚›īƒ‡ī¤ī‚ƒīĨī€ īƒąī‚¯ī‚Ąī“ī€ īƒ…ī‚ˆīŖīƒ„īƒ™ī‡ī€ īžī‚„ī™ī€ ī‚ŋīĒīžī¤ī‡ī€ ī‚™ī‚”īĄī€ īžī‚ģīƒžī€ ī‘īƒ„ī‚ˆīŖīžī¤ī‡ī€ ī‚ŋīĨī€ ī‚šīŖī€ ī‚ēī‚ƒī‚¯ī‚ˆīīƒ•ī‡ī€ ī‚ĸī“īƒī‡ī‚™īŠī¨ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚ēī…ī‡ī€ īƒ…ī‚Ąī“ī€ īŠīƒī‡ī€ īƒ…īˆīƒī‡ī€ ī‚ĸī“ī‚ƒīĻī€ ī¨īƒĢīˆ ī€Žī‚™ī‚Ąī‚ŸīĨī€ ī‚ēī…ī‡ī€ īƒ…ī‚Ąī“ī€ īŠīƒī‡ī€ īƒ…īˆī€ ī‚ĸī“ī‚ƒīĻī€ ī¨īƒĢīˆī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī€ īƒ‰ī‚˜īƒ‡ī‚¯ī‚žī‚ˆī¤ī‡ī€ ī‚ĸī‚īƒ‡ī†ī‚™ī¤ī‡ī€ īƒ˛īĨīƒī‡ī€ īƒļī‡ī€ īžī‚„ī™ī€ īžī‚ģīƒžī¨

ī€ ī‚‡ī‚Ąī‚īĄī‚ƒī‚žīƒ™ī‡ī€ ī‚‡īĒī‚ƒī‚ģīī€ ī’ī‚ƒīƒī‚Žī ī¤ī€ īžīŖī„īƒ„īŠī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’ī¨ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚Ēīƒ‡īˆī€ īƒ”ī€ īžī™ī‡īƒ„ī‚˛ī¤ī‚ƒīˆī€ ī‚ƒīƒīĨī‡ī‚›ī‚ˆī¤ī‡ ī€ ī‚Šī‚ƒī‚Ąī“ī‘ī‚ƒī‚ģīƒ™ī‡ī€ ī‚Ēī‚žīĨī¨ī€ ī‚‡ī‚Ąī‚īĄī‚ƒī‚žīƒ™ī‡ī€ ī‚‡īĒī‚ƒī‚ģīī€ ī’ī‚ƒīƒīŒī€ ī‚ĸī‚īƒ‡ī†ī‘ī€ ī‚ąī‚™īƒ–ī‡ī€ īƒ…ī‚žīĨī€ ī‰ī‘īƒ„ī‚ˆīŖīžī¤ī‡ī€ ī‚‰ī¤ī‚ƒīĸ ī€ ī‰ī‘ī‡ī’īƒ„ī¤ī‡ī€ ī‚Ŋī‡ī‚›ī‚ˆī™ī‡ī€ ī‚Ŋīžī™ī€ īžīƒ‡ī‚¯īĒī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’ī¨ī€ ī‚ŋīĨī€ ī‡īžīƒ‡īŖīƒī‚ƒīŠī€ īƒ…ī‚˛ī‚¸īŠī€ ī’ī‚ƒīƒīƒ–ī‡ī€ īƒ€ī…ī‡ī€ ī‚‡īĒī‘ī‚ƒī‚ĩī‚ˆīīƒ•ī‡ ī€ īƒ˛ī‚Ąī‚īĄī‚ƒī‚žī‚ˆīƒ™ī‡ī€ ī‚ŋīĨī€ īƒ‰īƒīƒ•ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ īī‡īƒąī‚ˆī‚Ąī“ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ īƒ”ī€ ī‚‡īƒ‡ī‚Ąī‚īĄī‚ƒī‚žī‚ˆī¤ī‡ī€ ī‰ī‘īžī‚˛ī¤ī‡ī€ ī‚ąī‚ƒī‚Šī‚Ąī–ī…ī‡ ī€ ī€Žī‚™īŽī‚īƒ•ī‡ī€ ī‚†ī‚ƒī‚Ąī‚īī€ īƒ…ī‚¸ī™ ī€ ī’ī‚ƒīƒīƒ–ī‡ī€ ī‘ī‚ƒī‚Ąī‚ī‚¯ī‚ˆī‚Ąī“ī‡ī€ ī‚ēīƒ„īī€ ī‰ī‘ī‡ī’īƒ„ī¤ī‡ī€ ī‚ŋīĨī€ ī‚‡īˆī‚ƒī‚Žī‚ˆī‚Ąī“ī‚ƒīŖī€ īī‚ƒīŒī€ ī‡ī‚˜ī§ī€ īƒ€īƒī‡ ī€ īƒ€ī‚ƒīƒ‡īˆī€ īƒ”ī€ ī‚Šī‘ī‚ƒī‚Ąī”īƒī‡ī¨ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĨī€ ī‚Šī‚ƒīƒ‡ī‚ģīŖī€ īī‡īƒąī‚ˆī‚Ąī“ī‡ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’ī¨ī€ ī‚Ŋī‡ī‚›ī‚ˆī™ī‡ī€ īžīƒ‡ī‚¯īŠī€ ī‚Šī‚ƒīĨīƒ„ī‚¸ī‚ŠīĨī€ ī‚ŋīĨī€ īƒ‚īƒ‡ī¤ī…ī‡ī€ ī‚ƒīƒ¤ī€ ī‚ƒī‚ģī™ ī€Žī‚´īƒ„ī‚Ąī‚ī¤ī‡ī€ ī‚Šī‡īī€ īƒ”ī€ ī‚‡ī‚Ąī‚īĄī‚ƒī‚žī‚ˆīƒ™ī‡ī€ ī‚ĸī•ī‚ƒī‚”ī‚Ąī”īƒīƒŽī¤ī€ ī‚‡īŠī¨ī‚ƒī‚¯ī‚ˆīĨī€ ī‘ī‚ƒī‚Šī‚Ąī“īƒī‚ƒīˆī€ ī‚ƒīƒī‚Šīƒ‡īˆī¨ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ ī€ ī‚ƒīƒ‡īˆī‚ƒī‚ŽīĒī…ī‡ ī€ ī‡ī‚™ī ī īĨīƒī‡ ī€ īƒ‚īŠīƒŠī‚ˆī™ī‡ī€ ī‚Œīƒ‡īī€ ī’ī‚ƒīƒī‚Žī‚¸ī¤ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‰ī‘ī‡ī’ī¨ī€ īī‚™īˆī€ ī‚ąī‚™ī ī īƒ–ī‡ī€ ī‚‰ī‚„īī‘ī¨ī€  ī€ ī‚Šī‚ƒī‚Ąī‚žīĸī‚ƒī‚žīƒ™ī‡ī€ īƒ”ī€ ī’ī‚ƒīƒīƒ–ī‡ī€ īƒ‰īƒī‡ī‚™īˆī€ ī‚˜īŽīƒīƒ•ī‡ī¨ī€ ī‚‡īĨīī‚ƒī‚˛ī¤ī‡ī€ ī‚‡ī‚¸īī‚™īƒ™ī‡ī€ ī‚ēīƒŽīŽī€ īƒ˛ī‚ˆīƒīƒ–ī‡ī€ īƒ˛īˆī€ īƒ€ī¨ī‚ƒī‚Šī‚ˆī‚¸ī¤ ī€ ī€Žīƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ īƒąī‚Šī‚Ąī‚īŠī€ ī‚‡īĨīƒ„ī‚Ļī‚žīĨī€ ī‚Ēī‚Ąī–īƒ„ī¤ī€ ī‚‡ī‚Ąī•ī‚ƒīƒ˜ī‡ ī€ ī‰ī‚›īƒīŒīƒīƒ•ī‡ī¨ī€ ī‚Šī‡ī‘ī‡ī’īƒ„ī¤ī‡ī€ ī‚‡īĄī‚ƒīŖī€ ī‚ĒīĨī€ ī‚ŗīƒ‡ī‚Ąī‚ī‚žī‚ˆī¤ī‡ī¨ī€ īƒ€ī¨ī‚ƒī‚Šī‚ˆī‚¸ī¤ī€ īƒ…ī‚Šī‚Ąī‚īĒī€ ī’ī‚ƒīƒīƒ–ī‡ī€ īƒ€īƒī‡ī€ īƒ›ī…ī‡ī€ ī‚Šī‘ī‚ƒī‚Ąī”īƒī‡ī¨ ī€Žī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚‡ī‚Ąī‚īĄī‚ƒī‚žī‚ģī‚¸ī¤ī€ ī‚‡ī¤ī‚ƒī‚ŠīĄī¨ī€ ī‚‡īƒ‡ī‚˛īƒ‡ī‚˛īī€ ī‚‡īĨīƒ„ī‚Ļī‚žīĨī€ ī‚ŗīƒ‡ī‚˛ī‚‘ī‚ˆī¤ī€ ī‚‡īƒ‡īĨīƒ„ī‚ĩīƒ—ī‡

ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚‡īī‚ƒī‚Ąī‚īĨī€ īƒœī‚ƒī‚ģīŒī…ī‡ī€ ī‚ŋīĨī€ ī€Ĩī€ĩī€ĩ ī‚‡īƒ‡ī¤ī¨īƒĢīˆī€ ī‚Šī‚ƒīƒ‡īĸī‚ƒī‚¯īŠī‚ƒīˆī€ ī‰ī‚ƒī‚Ŗī‚ŦīĨ ī€ ī€Ĩī€ĩī€ĩ ī€ īƒ€īƒī‡ ī€  ī€ ī‚ŋī™ ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ ī€ ī‚‡ī‚€īƒ‡īƒī¤ ī€ īƒ‰ī‚˜īƒ‡ī‚¯ī‚žī‚ˆī¤ī‡ ī€ ī‚ĸī‚īƒ‡ī†ī‚™ī¤ī‡ ī€ īƒ…īī‚ƒī‚Ąī– ī€ īƒĻī‚ƒī§ ī€ ī‚°ī‚Ąī‚žīŖ ī€ ī€ąī€ąī€´ī€ ī‚ƒīƒ‡ī¤ī‚ƒīī€ ī‚ƒī‚žīĒīžī¤ī¨ī€ ī‚‡īƒ‡ī¤ī¨īƒĢīˆī€ ī‚Šī‚ƒīƒ‡īĸī‚ƒī‚¯īŠī‚ƒīˆī€ ī‰ī‚ƒī‚Ŗī‚ŦīĨī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚‡īī‚ƒī‚Ąī‚īĨī€ īƒœī‚ƒī‚ģīŒī…ī‡ ī€ ī‚ŋīĨ ī€ ī€¸ī€´ī¨ ī€ ī‚Œī‚‘īˆ ī€ ī‚Šī‚ƒīƒ‡īĸī‚ƒī‚¯īŠī‡ ī€ ī€ąī€°ī¨ ī€ ī‚‡īƒ‡ī‚ģī‚žīŠī¨ ī€ ī‚Œī‚‘īˆ ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠī‡ ī€ ī€˛ī€° ī€ ī‚ƒīƒī‚žīĨ ī€ ī‚‡īĒī‘ī‚ƒī‚Ąī“ ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠī‡ ī€ ī‚Ĩī‚ƒī‚Ąī‚žī‚žī¤ī‡ī€ īƒ”ī€ ī‚‡ī‚¸īĨī‚ƒī‚Šī¤ī‡ī€ ī‚‡īƒ‡ī‚„ī‚žīŒīƒīƒ•ī‡ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īīžī™ī€ īƒ€īƒī‡ī¨ī€ ī‚Šī‚ƒīĄī‚ƒī‚Ąī‚žī‚ˆīŖīƒ•ī‡ī€ ī‚‡īƒ‡ī‚ģī‚žī‚ˆī¤ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠī‡ ī‚‡īŖī‚™ī‚Ąī”ī€ ī€ˇī€ˇī€ ī‚­ī‚¸ī‚„īĒī€ ī‚™ī‚Ąī‚ŸīƒŒī€ īƒœī¨īƒĢī‚„ī¤ī‡ ī€ ī€´ī¨ī€ŗī€ ī‚­ī‚¸ī‚„īĒī€ ī‚Šī‚ƒī‚¯ī‚‹ī‚ĩī‚ˆīƒ™ī‡ī¨ī€ ī‚‰īĒī‚›ī¤ī‡ī€ ī‚ŋīĨī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ īƒˆī—ī‚ƒīƒ‡ī‚ˆīīƒ•ī‡ī€ īƒ€īƒī‡ ī€ ī€ īƒˆīī‚ƒī‚Ąī–ī€ īžīŖīƒī‡ī¨ ī€ ī‚ēīƒŽīŽī€ īƒ“ī¨ī€ ī‚šīƒ‡īĨī‚™īˆī€ ī‚°ī¤īƒī‡ ī€ ī€ļī€ˇī€°ī€ īƒˆīĨīƒ„īƒ‡ī¤ī‡ī€ ī‚ī‚ƒī‚ˆīĻī…īƒ•ī‡ī€ ī‚¤ī‚Ąī“īƒ„ī‚ˆīĨī€ ī‚­ī‚¸ī‚„īĒī¨ī€ ī‚šīƒ‡īĨī‚™īˆī€ ī‚Šī‡ī‘ī‚ƒīƒ‡ī‚¸īĨ ī€ ī€Žī‚Šī‚ƒī‚¯ī‚‹ī‚ĩī‚ˆīƒ™ī‡ī¨ī€ ī‚‰īĒī‚›ī¤ī‡ī€ ī‚ŋīĨī€ ī‚šīƒ‡īĨī‚™īˆī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ ī€˛ī€°ī€°ī€ ī‚‡īĄī‚ƒī‚Ąī–ī…ī‡ī€ īƒˆī‚Ąī–ī‚ƒīƒ™ī‡ī€ īƒœī‚ƒīƒ™ī‡ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī¨ī€ ī‚‰īĒī‚›ī¤ī‡ī€ ī‚ŋīĨī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚ī‚ƒī‚ˆīĻī…ī‡ ī€ ī‚­ī‚¸īˆī€ īƒ‚īĻīƒī‡ ī€ ī‚‡īƒ‡ī‚¯ī‚‘ī‚Ąī•ī€ ī‚Šī‚ƒī‚‘īĒī‚™ī‚Ąī‚ŸīŠī€ īƒ”ī€ ī‚’ī‚Ąī–ī¨īƒī‡ī¨ ī€ īƒˆī‚Ąī–ī‚ƒīƒ™ī‡ī€ īƒœī‚ƒīƒ™ī‡ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ī€ ī‚ēīƒŽīŽī€ ī‚īĄī‚ƒī‚ĩīĨī€ ī‚ŋī—ī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ ī€¸ī€ąīžī€˛ī€ ī’ī‚ƒīŒī‚ƒīŠīƒ„ī‚„ī¤ī‡ī¨ī€ ī‚Šī‚ƒī‚¯ī‚‹ī‚ĩī‚ˆīƒ™ī‡ī¨ ī€ ī€ąī€ĩī€ ī‚ŧī‚ĄīƒŠīŠī€ ī‰īžīĒīžīŒī€ ī‰īžīĒī‡ī‚›īĨī€ ī‚“ī‚™ī—ī€ īƒœī‚ƒīƒ—ī‡ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ī€ ī‚‡īĒī‚ƒīƒīĻī€ ī‚šī‚„īĸī€ ī‚ŧī‚ˆīƒ‡ī‚Ąī“ī€ īƒ‚īĻī‡ī€ īƒ›ī…ī‡ī€ ī‡īƒąī‚Ąī‚žīĨ ī€Žī‚‡īƒ‡īĸī‚™ī‚Ąī‚žī¤ī‡ī¨ī€ ī‚‡īƒ‡īˆī‚™ī‚Ŧī¤ī‡ī€ īī‡ī‚™ī‚‘ī‚Ąī‚Ÿī¤ī‡ī¨ī€ ī‚™ī‚ģīīƒīƒ•ī‡ī€ ī‚™ī‚‘ī‚„ī¤ī‚ƒīˆī€ ī‰īžīĒīžīŒī€ ī‚‡ī‚˛ī‚Ŗī‚žīĨ

ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚•īĒī‘ī‚ƒīŠī€ īƒ…īĄī€ ī‰ī‚™īĨī€ ī‚ēī¨īƒīƒ• ī€ ī‚™ī‚Ŗīĸī€ ī‚ŋīĨī€ ī‚ēī‚ƒī‚Ąī‚īƒ™ī‡ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ īī‡īƒąī‚ˆī‚Ąī“īƒ•ī€ ī€ ī‚‡īĒī‚™ī‚Ŗīĸī€ ī€­ī€ ī‚‡īĒī‚™ī‚Ąī‚ŸīĨī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚ĸī‚īƒ‡ī‚Ąī“īƒī‚ƒīŠ ī€ īƒ…ī‚¸ī™ī€ ī‚‡īī¨īžī¤ī‡ī€ ī‚‡īĒī‚™ī‚Ŗī‚˛ī¤ī‡ī€ ī‚‡ī‚ģī‚Ąī•ī‚ƒī‚Šī¤ī‚ƒīˆī€ īƒ˛īĒī‚™ī‚Ŗīĸī¨ī€ īƒ˛īĒī‚™ī‚Ąī‚ŸīĨī€ ī‚ŋīĒī‚™ī‚ģī‚‹ī‚ˆī‚Ąī‚īĨī€ ī‚‡ī™īƒ„ī‚ģīƒī€ īƒ˛īˆī€ ī‚´ī‚ƒī‚¯īŠī…īƒ•ī‡ī€ īƒ“ ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ī€ īƒ”ī€ īƒ‚īƒ‡ī‚¸ī™ī€ īžīĒī‡ī‚›ī‚ˆīƒ™ī‡ī€ ī‚…ī‚¸ī‚Ŗī¤ī‡ī€ ī‚‡īƒ‡ī‚Ŗī‚ŦīŠī¨ī€ ī‚™ī‚Ąī‚Ÿīƒ™ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ īī‡īƒąī‚ˆī‚Ąī“īƒ•ī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚‡īĨī‚ƒīĸī…ī‡ ī€ ī‰īī‚ƒī™ī…ī‡ī¨ī€ ī‚ēī‚ƒī‚Ąī‚īƒ™ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĒī‚›ī‚”īŠī¨ī€ ī‚ēī‚ƒī‚„ī‚˛ī‚ˆī‚Ąī“īƒ•ī€ ī‚‡ī‚ģī†ī‚ƒī™ī€ ī‰īžīī¨ī€ ī‚‡īĨī‚ƒīĸī…ī‡ī¨ī€ ī€˛ī€°ī€ąī€ŗī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ī€ ī‚°ī‚Ąī‚Ÿī‚ˆī‚žīĨī€ ī‚ēīƒ„ī‚¸ī‚‘īˆ ī€Žī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ īƒ‚ī‚˛īĒīƒ„ī‚Ąī‚īŠī¨ī€ īƒƒīƒąīƒ‡ī‚ŦīŠ ī€ ī‚‡ī‚Ąī‚ī‚Ąī“ī„īƒ„īĨī€ ī‚ĒīĨī€ īƒ€ī¨ī‚ƒī‚Šī‚ˆī¤ī‡ī€ ī‚ƒī§ī‚ƒī‚ĄīƒŠī‚ˆī‚˛īƒŒī€ ī‚ŧī‚ˆīĒī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠī‡ī€ ī‚Ēīƒ‡īĸīƒ„īŠī€ ī‚ŋī™ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚‡ī‚Šī‚¸ī‚˛ī¤ī‡ī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚‰ī‚žī‚¸ī™īƒī‡ī¨ ī€ īī‚ƒī‚Ąī‚žīĻī…ī‡ ī€ ī‚ĸī–ī‚™ī‚Ŧīˆ ī€ ī‚‡īŖī‚™ī‚Ąī” ī€ ī‚ĸī‚īƒ‡ī‚Ąī“īƒī‚ƒī‚ˆī¤ ī€ īƒ˛īĒī‚™ī‚Ŗī‚˛ī¤ī‡ ī€ ī‚ŋīĒī‚™ī‚ģī‚‹ī‚ˆī‚Ąī‚īƒ™ī‡ ī€ ī‚ŋīĨ ī€ ī‚‡ī™īƒ„ī‚ģīƒī¨ ī€ ī‚‡īĒī‚™ī‚Ŗī‚˛ī¤ī‡ ī€ ī‚‰ī‚Ąī‚ī‚¯īĻī…ī‡īƒ„īƒ‡īŖ ī€ īƒ‚ī‚ˆī¤ī‚ƒīƒ—ī€ īƒ‚īŠīī‚ƒī™ī…ī‡ī¨ī€ ī‚ēī‚ƒī‚Ąī‚īƒ™ī‡ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĒī‚›ī‚”īŠī¨ī€ ī‚ēī‚ƒī‚„ī‚˛ī‚ˆī‚Ąī“īƒ•ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚‡ī‚ģī†ī‚ƒī™ī€ ī‰īžīī¨ī€ ī‚ˇīƒŽī‚ˆīĨī‡ī¨ ī€ ī‚Šī‡īī‡īžīĨī…ī‡ ī€ īƒąīĄīƒ„īŠī€ ī‚ąīžīƒīˆī€ īƒ‚ī‚˛īĒīƒ„ī‚Ąī‚īŠī¨ī€ ī’ī‚ƒī‚Ŧī‚¸ī¤ī€ ī‚‡īƒ‡īĨīƒ„ī‚˛ī¤ī‡ī€ ī‚‡ī‚ĩī‚„ī‚Ąī‚žī¤ī‡ī€ ī‚ēīƒŽīŽī€ ī‚ŋīĨī€ īƒ‚ī‚¸ī‚˛īĻī¨ī€ ī€¨FSRUī€Šī€ ī‚‡īĒī’ī‚ƒī‚Ŧī¤ī‡ ī€Žīƒˆī‚¸ī‚‘īƒ™ī‡ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‚ƒīˆī€ ī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ īƒˆī‚ĩī‚¸īƒī‚ˆī‚Ąī‚īĨī€ īƒˆī‚¯īƒ‡ī‚‹īŖī¨ī€ ī‘ī‚ƒī‚„īŖī€ īƒ›ī…ī‡ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ ī€ ī‚ļī‚¸ī‚ˆīƒ’ī€ īƒ€īƒī‡ī€ īƒ…ī‚¸ī™ī€ ī‰īžīĒīžīƒ–ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚ŧīƒī‚Ąī“īƒī‡ī€ ī‚ŋīĨī€ ī€Ĩī€ĩī€ąī€ īƒ‰ī‚™ī‚Ŗī‚˛ī¤ī‡ī€ ī‚…īĻī‚ƒīƒ–ī‡ī€ ī‚ļī‚¸ī‚ˆīƒ§ī€ īƒ€īƒī‡ī€ ī‘ī‚™ī‚˛īƒ™ī‡ī€ ī‚ŋīĨī¨ ī€ ī‚‡ī‚¯ī‚¸ī‚ĩī‚ˆī¤ī‡ī€ ī‚Šī‡ī‚™īĒīžī‚˛īŠī€ ī¨īƒī‡ī€ ī‚Ģī¨ī‚™ī‚Ąī‚žī‚ģī‚¸ī¤ī€ ī‚¤ī‚Ŗī‚”īƒ™ī‡ī€ ī‚Ēīĸīƒ„īƒ™ī‡ī€ ī‚ŋī™ī€ īžī‚Šīˆī€ ī‚ŋī‚¸ī‚ŠīĒī€ īƒšī¨ī€ ī‚‡īƒ‡ī‚˛ī‚„ī‚ˆīƒ™ī‡ī€ ī‚‡ī‚Ąī‚Ÿīƒ—ī‡ī€ ī‚‡ī‚Šī‚¸ī‚˛ī¤ī‡ī€ ī‚‡īŖī‚™ī‚Ąī” ī€ ī‡īƒ„ī¤ī‚ƒīĸī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ īī‡īƒąī‚ˆī‚Ąī“ī‡ī€ ī‚Ģī‚ƒī‚Ŗīĸī€ īƒ”ī€ īƒ˛ī‚¸īĨī‚ƒī™ī€ ī‚ŋī‚ĩī¤ī€ ī‚Ģīƒ„īĄīžīƒ™ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚ēī‚ƒī‚ģī‚Ąī“īƒī‡ī‘ī€ ī¨īƒī‡ī€ īƒ‚īˆī€ ī‚‡ī‚Ąī•ī‚ƒīƒ˜ī‡ī€ ī‚‡īĒī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“īƒ•ī‡ ī€Žī‚Šī‡ī‘īƒ•ī¨īžī¤ī‡ī€ ī‚Šī‡ī‘ī‚ƒīƒ‡ī‚¸īĨī€ īƒ›ī…ī‡ī€ ī‚‡īŒī‚ƒīī€ īƒ”ī€ ī‚Šī‚ƒī™ī¨ī‚™ī‚Ąī‚žīƒ™ī‡ī€ īƒƒī‚˜ī§ī€ īƒ€ī…ī‡ ī€ īī‡īƒąī‚ˆī‚Ąī“ī‡ī€ ī‚ĸī‚Ÿīƒ‡īŽī‡ī‚™īŠī€ ī‚‡īĨīƒ„ī‚Ļī‚žīĨī€ ī‘ī‚ƒī—ī…ī‡ī€ īƒ”ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ī€ īƒ”ī€ ī‚ƒīƒī—ī‚ƒī‚Ąī‚žīĻī€ ī‰īžīĒīžīƒ–ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚ĸī“ī‘ī‚ƒīƒ’ī¨ ī€Ž"ī‚ĸī“ī‚ƒī‚ŽīĒī…ī‡"ī€ ī‚‡īƒ‡ī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī‚Šī‡ī’ī‚ƒī‚Ŧī‚¸ī¤ī€ ī‚‡ī‚ĄīƒŠīˆī‚ƒī‚˛ī¤ī‡ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‡īĢ ī‚™īŽī„īƒ„īĨī€ ī‚ƒīƒī‚žī™ī€ ī‚‰ī‚žī‚¸ī™īƒī‡ī€ īƒˆī‚ˆī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ Petroleum Today

- November 2012

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ī‘īƒ„īƒī‚Ąī”ī€ ī€šī€ ī‚ēīƒŽīŽī€ ī€Ĩī€ˇīžī€ĩī€´ī€ īƒ„ī‚‘ī‚žīˆī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĨī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚Šī‡ī‘īī‚ƒī‚Ąī•ī€ ī‚Ģī‚ƒī‚¯īŠī‘ī‡

ī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ ī€ ī‚Šī‡ī‚™ī ī ī‚Ąī  ī”ī„īƒ„ī  īƒ™ī‡ ī€ ī‰ī‚™ī ī ī‚Ąī ī‚žī īĻ ī€ ī‚‰ī ī ī‚‘ī  ī‚Ąī  ī–ī¨īƒī‡ī¨ ī€ īƒ…ī‚¸ī‚‘īƒ™ī‡ ī€ ī‚ˇīƒŽīƒī‚ˆī‚Ąī“īƒ•ī‡ ī€ ī‰īī‚ƒī ī īĒī’ ī€ ī‚›īŖī‚™ī‚ģī‚¸ī¤ ī€ ī‚‡īƒ‡ī™ī‚ƒī‚ģī‚ˆīŒīƒ•ī‡ī¨ ī€ ī€˛ī€´ī€ ī‚­ī‚¸ī‚„īƒ‡ī¤ī€ ī€Ĩī€ąīžī€ĩī€ īƒ‚ī‚ˆī‚„ī‚Ąī‚īĻī€ ī‚ƒīƒŒī€ ī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ī€ ī‚Šī‚ƒī‚Žī‚ˆī‚žīƒ™ī‡ī€ ī‚ŋīĨ ī€ īƒŠī‚ģī‚ˆī‚„ī‚Ąī“ī€ īƒ›ī…ī‡ī€ ī‚™īĒī‚ƒī‚žīĒī€ ī‚ŋīĨī€ ī‰īƒĢī‚¯ī¤ī‡ī€ īƒ”ī€ īƒ€ī‚ƒī‚žī—īƒī‡ī€ ī€ļī€°ī€ļī¨ī€ ī‚ƒī‚¯ī¤īƒī‡ ī€ ī‰īƒĢī‚¯ī¤ī‡ ī€ ī‚ēīƒŽī ī īŽ ī€ ī‚ƒī‚žī— ī€ ī€˛ī€´ī€ĩī¨ ī€ ī‚ƒī ī ī‚¯ī ī¤īƒī‡ ī€ ī€˛ī€´ ī€ ī‚šīˆī‚ƒī‚˛īĨ ī€ ī€˛ī€°ī€ąī€˛ ī€Žī€˛ī€°ī€ąī€ąī€ ī‚ŋīĨī€ ī‰ī‚™ī˜ī‚ƒī‚žīƒ™ī‡

ī€ ī‚‡ī‚„ī‚Ąī‚īĻī€ ī‚‰ī‚Šī‚¯īŠī‘ī‡ī€ ī‚ƒī‚ģīŖī€ ī€˛ī€°ī€ąī€ąī€ ī‚ŋīĨī€ īƒ›ī¨īƒīƒ•ī‡ī€ ī‚™īƒī‚Ąī”īƒī‡ī€ ī‚‡ī‚Šī‚Ąī‚ī‚ˆī¤ī‡ī€ ī‚ēīƒŽīŽ ī€ ī‚ēīƒŽīŽī€ ī‚ļī‚¸īƒī‚ˆī‚Ąī‚īƒ™ī‡ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĨī€ īī‚ƒīˆī‚™īƒī‚ĩī¤ī‡ī€ ī‚ˇīƒŽīƒī‚ˆī‚Ąī“ī‡ ī€ ī€Ĩī€ĩī€šīžī€ŗ ī€ ī‚šī‚Žī‚Ąī‚ī‚ˆī¤ ī€ ī€Ĩī€ąīžī€˛ ī€ īƒ„ī‚‘ī‚žīˆ ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ ī€ ī‚ŋīĨ ī€ ī‰īƒĢī‚¯ī¤ī‡ ī€ ī‚ļī‚¸īŠ ī€Žīƒˆī‚Ąī–ī‚ƒīƒ™ī‡ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ī€ ī‚ŋīĨī€ ī‚ƒīƒīŠī‡īī€ ī‰īƒĢī‚¯ī¤ī‡ī€ ī‚ēīƒŽīŽī€ ī€Ĩī€ĩī€¸īžī€ąī€ ī‚šīˆī‚ƒī‚˛īĨ ī€ ī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ ī€ ī‚Šī‚ƒī‚Žī‚ˆī‚žīƒ™ī‡ī¨ ī€ ī‚Ŋī‚ƒī ī īƒ˜ī‡ ī€ ī‚‰ī ī īĒī‚›ī ī ī¤ī‡ ī€ ī‚Ģī‚ƒī‚Ŗīĸ ī€ īƒ…ī ī īĄī¨ ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚Šī‡ī‘īī‚ƒī‚Ąī‚Ÿī¤ī‡ī€ ī‚‡ī‚ģīƒ‡īĸī€ ī‚ĒīŒī‡ī‚™īŠī€ īƒ›ī…ī‡ ī€ ī‰ī‚™ī‚Ąī‚žī‚žī¤ī‡ī€ ī‚Šī‘ī‚ƒī‚Ąī”īƒī‡ ī€ ī‰īƒĢī‚¯ī¤ī‡ ī€ ī‚ēīƒŽīŽ ī€ ī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ ī€ ī‚Šī‚ƒī‚Žī‚ˆī‚žīƒ™ī‡ī¨ ī€ ī‚Ŋī‚ƒīƒ˜ī‡ ī€ ī‚‰īĒī‚›ī¤ī‡ ī€ ī‚ŋīĨ ī€ ī€Ĩī€ąī€´īžī€˛ī€ ī‚‰ī‚Ŧī‚¸īˆī€ ī‚‡ī‚„ī‚Ąī‚ī‚žīˆī€ īƒ˛īƒ‡ī‚Ąī–ī‚ƒīƒ™ī‡ī€ īƒŠī‚ģī‚ˆī‚„ī‚Ąī“ī€ īƒ›ī…ī‡ ī€ ī‚™īĒī‚ƒī‚žīĒī€ ī‚ŋīĨ ī€ ī‘īƒ•ī¨ī ī€ ī‚°ī ī ī¤īƒī‡ ī€ ī€ąī€šī€ļī¨ ī€ īƒ˛īĒīƒŽīĨ ī€ ī€´ ī€ īƒ„ī‚‘īĻ ī€ īƒ›ī…ī‡ ī€ ī‚ƒīƒī‚ˆī‚ģīƒ‡īĸ ī€ ī‚šī‚Ąī‚Ÿī‚ˆī¤ ī€ ī‚™īƒī‚Ąī”īƒī‡ī€ ī‚‡ī‚Šī‚Ąī‚ī‚ˆī¤ī‡ī€ ī‚ēīƒŽīŽī€ ī‘īƒ•ī¨īī€ ī‚ƒī‚¯ī¤īƒī‡ī€ ī€ļī€¸ī€ˇī¨ī€ īƒ˛īĒīƒŽīĨī€ ī€´ī€ ī‚šīˆī‚ƒī‚˛īĨ ī€Žīƒˆī‚Ąī–ī‚ƒīƒ™ī‡ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ī€ ī‚ŋīĨī€ īƒ›ī¨īƒīƒ•ī‡ ī€ ī‚Ŋī‚ƒīƒ˜ī‡ī€ ī‚‰ī ī īĒī‚›ī ī ī¤ī‡ī€ ī‚ī‚ƒī ī ī‚ˆī  īĻī…ī‡ ī€ ī‚Ģī‚ƒī ī ī‚¯ī  īŠī‘ī‡ī€ īƒ›ī…ī‡ ī€ ī‚Šī‘ī‚ƒī ī ī‚Ąī  ī”īƒī‡ ī€ ī‚ƒī ī ī‚ģī īŖ ī€  ī€ ī‚™īƒī‚Ąī”īƒī‡ī€ ī‚‡ī‚Šī‚Ąī‚ī‚ˆī¤ī‡ī€ ī‚ēīƒŽīŽī€ ī€Ĩī€ąīžī€ŗī€ ī‚‡ī‚„ī‚Ąī‚ī‚žīˆī€ ī’ī‚ƒīŒī‚ƒīŠīƒ„ī‚„ī¤ī‡ī¨ī€ ī‚Šī‚ƒī‚¯ī‚‹ī‚ĩī‚ˆīƒ™ī‡ī¨ ī€ ī‚ƒī‚žī—ī€ ī€´ī€ĩī€ŗī¨ī€ ī‚ƒī‚¯ī¤īƒī‡ī€ ī€˛ī€ļī€ īƒ„ī‚‘īĻī€ ī‚šī‚Žī‚Ąī‚īƒ‡ī¤ī€ īƒ‰ī‘ī‚ƒīƒ–ī‡ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ī€ ī‚ŋīĨī€ īƒ›ī¨īƒīƒ•ī‡ ī€ ī€Žī‚‡īĻī‘ī‚ƒī‚˛īƒ™ī‡ī€ ī‰īƒĢīĄī€ ī‚ēīƒŽīŽī€ ī‚ŋī—ī€ ī€ąī€˛ī€ąī¨ī€ ī‚ƒī‚¯ī¤īƒī‡ī€ ī€˛ī€ļī€ ī‚šīˆī‚ƒī‚˛īĨ

ī€ ī‚Ēīˆī‚ƒī‚ˆī¤ī‡ī€ ī‘ī‡ī‚™ī‚˛ī¤ī‡ī€ īī‚ƒī‚”īŠī‡ī€ ī‚ŧī™īī¨ī€ ī‚Šī‚ƒīĨīƒ„ī‚¸ī‚ŠīĨī€ ī‚›īŖī‚™īĨī€ ī‚°ī‚Ąī‚žīŖ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĨī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚Šī‡ī‘īī‚ƒī‚Ąī•ī€ ī‚Ģī‚ƒī‚¯īŠī‘ī‡ī€ ī‚ŋī™ī€ īī‡ī‘ī’īƒ„ī ī ī¤ī‡ī€ ī‚ĸī‚ī‚¸ī‚Žīƒ™ ī€ ī‚ŋīĨ ī€ īƒ›ī¨īƒīƒ•ī‡ ī€ ī‚™īƒī‚Ąī”īƒī‡ ī€ ī‚‡ī‚Šī‚Ąī‚ī‚ˆī¤ī‡ ī€ ī‚ēīƒŽīŽ ī€ īƒ‚īŠī‚ƒī‚˛ī‚ˆī‚Ąī‚žīĨī¨ ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ ī€ īƒ›ī…ī‡ ī€ ī‚ƒīƒī‚ˆī‚ģīƒ‡īĸī€ ī‚šī‚Ąī‚Ÿī‚ˆī¤ī€ ī€Ĩī€ˇīžī€ĩī€´ī€ īƒ‚ī‚ˆī‚„ī‚Ąī‚īĻī€ ī‚ƒīƒŒī€ īƒ‰ī‘ī‚ƒī ī īƒ–ī‡ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ ī€ īƒ€īƒ„īƒ‡ī‚¸īĨ ī€ ī€ŗī€ąī€šī¨ ī€ ī‘ī‚ƒīƒ‡ī‚¸īĨ ī€ ī‚šīˆī‚ƒī‚˛īĨ ī€ ī‘īƒ•ī¨ī ī€ īƒ€īƒ„īƒ‡ī‚¸īĨ ī€ ī€´ī€ąī€¸ī¨ ī€ ī‘ī‚ƒīƒ‡ī‚¸īĨ ī€ ī‚Ēī‚¯īŠīƒĢī¤ī€ ī€˛ī€°ī€ąī€ąī€ ī‚Ŋī‚ƒī ī ī™ ī€ ī‚ŋī ī īĨ ī€ ī‚ƒī ī īƒī īŠī‡īī€ ī‰īƒĢī ī ī‚¯ī ī¤ī‡ī€ ī‚ēīƒŽī ī īŽ ī€ ī‘īƒ•ī¨ī ī€Žī‘īƒ•ī¨īī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ ī€šī€šī€ ī‘ī‡īžī‚˛īƒŒ ī€ ī‚‡īĒīī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ ī€ ī‚Šī‡ī‚™ī‚Ąī”ī„īƒ„īƒ™ī‡ ī€ ī‰ī‚™ī‚Ąī‚žīĻ ī€ īƒ” ī€ ī‚›īŖī‚™īƒ™ī‡ ī€ ī‚’ī‚Ąī–ī¨īƒī‡ī¨ ī€  ī€ ī‚ēīƒŽīŽ ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ ī€ ī‚ī‚ƒī‚ˆīĻī…ī‡ ī€ ī‚ēīžī‚ŠīĨ ī€ īƒ€īƒī‡ ī€ ī‚‡īƒ‡ī™ī‚ƒī‚ģī‚ˆīŒīƒ•ī‡ī¨ ī€ ī‚‡ī‚¯īƒ‡ī‚¯ī—ī€ ī‚‡ī‚„ī‚Ąī‚ī‚žīˆī€ īī‡ī’ī€ ī€˛ī€°ī€ąī€˛ī€ īƒŠī‚ģī‚ˆī‚„ī‚Ąī“ī€ īƒ›ī…ī‡ī€ ī‚™īĒī‚ƒī‚žīĒī€ ī‚ŋīĨī€ ī‰īƒĢī‚¯ī¤ī‡ ī€ ī€ŗī€´ī€ ī‚šīˆī‚ƒī‚˛īĨī€ ī‚ƒī‚žī—ī€ ī€´ī€šī€ˇī¨ī€ ī‚ƒī‚¯ī¤īƒī‡ī€ ī€ŗī€´ī€ īƒ›ī…ī‡ī€ ī‚šī‚Ąī‚Ÿīƒ‡ī¤ī€ ī€Ĩī€°īžī€°ī€ĩī€ ī‚‰ī‚Ŧī‚¸īˆ ī€Žī‚‡īĻī‘ī‚ƒī‚˛īƒ™ī‡ī€ ī‰īƒĢīĄī€ ī‚ēīƒŽīŽī€ ī‚ƒī‚žī—ī€ ī€´ī€¸ī€ąī¨ī€ ī‚ƒī‚¯ī¤īƒī‡ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĨī€ īƒ…ī‚¸ī‚‘īƒ™ī‡ī€ ī‚ˇīƒŽīƒī‚ˆī‚Ąī“īƒ•ī‡ī€ īƒ€īƒī‡ ī€ ī‰ī‚™ī‚Ąī‚žī‚žī¤ī‡ī€ ī‚Šī‚™īƒī˜īƒī‡ī¨ ī€ ī€Ĩī€ˇīžī€ˇī€´ ī€ ī‚‡ī‚„ī‚Ąī‚ī‚žīˆ ī€ ī‰ī‘īƒ„īŖī‚˜īƒ™ī‡ ī€ ī‰īƒĢī‚¯ī¤ī‡ ī€ ī‚ēīƒŽīŽ ī€ īī‡ī’ ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ ī€ ī‚ƒī‚žī—ī€ ī€ĩī€ĩī€¸ī¨ī€ ī‚ƒī‚¯ī¤īƒī‡ ī€ ī€˛ī€ˇī€ ī‚šīˆī‚ƒī‚˛īĨī€ ī‚ƒī‚žī—ī€ ī€ļī€šī€ąī¨ī€ ī‚ƒī‚¯ī¤īƒī‡ ī€ ī€˛ī€šī€ īƒŽī‚Žī‚Ąī‚īĨ

ī‚Šī‡īƒ„ī ī‚žī‚Ąī“ī€ ī€ąī€°ī€ īƒ€īƒ„ī ī‚ĄīƒŠīšī€ īƒ…ī īĄī€ ī‚¤ī‚¯ī‚žī‚¸ī¤ī€ ī‚ī ī‚ˆī‚žīĨī€ ī‚™ī ī‚„īŖīƒī‡ī€ ī€ ī‚ƒī‚ĩīĒī‚™īĨīƒī‡ ī€ īƒ”ī€ īƒ‚ī¤ī€ ī‚ī‚ˆī‚žīĨī€ īƒŠīŖīƒī‡ ī€ ī‚’ī‚„ī‚Ąī‚ŸīŠī¨ī€ ī‚šīˆī€ ī‚¤ī‚¯ī‚žī¤ī‡ī€ ī‚ŋīĨī€ īƒˆīŠī‡ī‚˜ī¤ī‡ī€ īī‚ƒī‚¯ī‚ˆīŖīƒ•ī‡ī€ ī‚ŗī‚˛īƒī€ ī‚ƒīƒŒī‘ī€ ī‰īžī‚‘ī‚ˆīƒ™ī‡ī€ ī‚Šī‚ƒīĒīƒ•īƒ„ī¤ī‡ī€ īƒ€īƒī‡ ī€ ī‰īžīĒīžīŒī€ ī‚Šī‡ī‚™īĒīžī‚˛īŠī€ ī‚‰ī‚¯ī‚Ąī‚žīŖ ī€ ī€Žīƒ˛ī‚Ąī‚Ÿī¤ī‡ī€ īƒ›ī…ī‡ī€ ī‚…ī§ī‚˜īƒ‡ī‚Ąī“ī€ ī‚¤ī‚Ąī“ī¨īƒīƒ•ī‡ī€ ī‚´ī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚¤ī‚¯īĻī€ ī‚ŋīĨī€ ī‚ƒī‚„īĒī‚™ī‚˛īŠī€ ī€Ĩī€šī€°ī€ īƒ€īƒī‡ī€ īƒ˛īī€ īƒ”ī€ ī‚Šī‡īƒ„ī‚žī‚Ąī“ī€ ī€ąī€°ī€ ī‚ēīƒŽīŽ ī€ ī‚‡ī‚ĩī‚¸ī‚ģīƒ™ī‡ī€ īƒ…ī‚¸ī™ī€ ī‚šīĒīƒ„ī—ī€ īžīĨīƒī‡ ī€ ī‚˜ī‚žīĨī€ ī‚ƒī§īī‚ƒī‚ģī‚ˆī™ī‡ī€ īƒ…īƒī‚žīŠī€ ī‚ƒīƒŒī‘ī€ ī‰īžī‚‘ī‚ˆīƒ™ī‡ī€ ī‚Šī‚ƒīĒīƒ•īƒ„ī¤ī‡ī€ īƒ€ī…ī‡ ī€ ī‚‡īƒ‡ī¤ī¨īžī¤ī‡ī€ ī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ ī‚‡ī¤ī‚ƒīŖī¨ī€ īƒ‚īŠī‘īžī‚Ąī•īƒī‡ ī€ ī‡ī‚™īĒī‚™ī‚˛īŠī€ ī‚ēī‚ƒīĸī¨ ī€ ī‚Ģī‚ƒī‚¯īŠī‘ī‡ī€ īƒ”ī€ ī‚Ģī‘ī‚ƒī‚Ąī‚īŠī€ īƒ›ī…ī‡ī€ īŠīī„īƒ„īĒī€ ī‚ƒīƒŒī‘ī¨ī€ īƒšī‚ƒī‚Šī¤ī‡ī€ īƒ”ī€ ī‚‡īƒ‡ī‚Ąī“ī‚ƒīƒ‡ī‚Ąī‚ī¤ī‡ī€ ī‚ŧī‚Ļī‚žī¤ī‡ī€ ī‚‡īšī‚ƒīƒ‡ī‚Ąī•ī€ īžīƒ‡ī‚ŠīĒī€ ī‚ƒīƒŒī€ īƒ€ī‚ƒīĨī‚›ī¤ī‡ī€ ī‚ŋīĨī€ īžī‚˛ī™ī€ ī‚ēīƒŽīŽī€ ī‚¤ī‚¯ī‚žī¤ī‡ī€ īƒ”ī€ ī‚‡īĒīīƒ„ī‚Šī‚Ąī‚ī¤ī‡ ī€Žī‚ƒīƒ‡īƒ™ī‚ƒī™ī€ ī‰ī‘ī‡ī‚™īƒ—ī‡ī€ ī‚Šī‚ƒīŒī‘ī ī€ īƒ‰ī‚™ī‚”ī‚Ąī‚Ÿī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚šī‚ģī‚Ąī‚žīŠī€ īƒˆī‚ˆī¤ī‡ī¨ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī¨ī€ ī‚¤ī‚¯ī‚žī‚¸ī¤ī€ ī‚‡īĒīžīƒ‡ī‚¸ī‚˛īŠī€ īƒąīšī€ ī‘īī‚ƒī‚Ąī‚ŸīĨī€ īƒ…ī‚ģī‚Ąī‚īĒī€ ī‚ƒīƒ ī€ īžīƒ‡ī‚¯ī‚ˆī‚Ąī‚īŠī€ ī‚ƒīƒŒī‘ī€ ī‰īžī‚‘ī‚ˆīƒ™ī‡ī€ ī‚Šī‚ƒīĒīƒ•īƒ„ī¤ī‡ī€ īƒ€īƒī‡ī€ ī‚™īĒī‚™ī‚˛ī‚ˆī¤ī‡ī€ ī‚’ī‚Ąī–ī¨īƒī‡ī¨ ī€Žī‚ƒīƒī‚¸īŽī‡īī€ ī‚™ī‚Ąī•ī‚ƒī‚‘īƒ™ī‡ī€ īƒ‰ī‚™ī‚¯īƒ—ī‡ī€ īīƒ„īĸīƒ„ī¤ī‡ī€ ī‘īƒ„īƒī˜ī€ īƒ›ī…ī‡ī€ īŠīī„īƒ„īĒī€ ī‘īƒ„ī‚”ī‚Ąī‚Ÿī‚¸ī¤ī€ ī‚°īƒ‡ī‚‹īŖī€ īƒąī‚Žī‚¯īŠī€ īƒąī‚Ąī‚ī‚ĩī‚ˆī¤ī‡ī€ ī‚ŋīĨī€ īžī‚ģī‚ˆī‚Ąī‚īƒ™ī‡ī¨ī€ īƒ‰ī‚™ī‚”ī‚Ąī‚Ÿī¤ī‡ī€ ī‚¤ī‚¯ī‚žī¤ī‡ī¨ ī€ īƒ”ī€ ī‚¤ī‚¯ī‚žī‚¸ī¤ī€ ī‚ī‚ˆī‚žīĨī€ īƒŠīŖīƒī‡ī€ ī‚ƒīƒī‚¸ī‚ŠīƒŽī¨ī€ ī‰īžī‚‘ī‚ˆīƒ™ī‡ī€ ī‚Šī‚ƒīĒīƒ•īƒ„ī¤ī‡ī€ īƒ”ī€ ī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ ī‚ēīƒŽī‚˛ī‚ˆī‚Ąī“ī‡ī€ īžīĒī‚›īŠī€ īƒ€īƒī‡ī€ ī‘īī‚ƒī‚Ąī‚Ÿīƒ™ī‡ī€ īƒƒī‚˜īƒī¤ī€ ī‚ŋī‚ĩīƒ§ī€ īƒ‚īĻī‡ī€ ī‚™īĒī‚™ī‚˛ī‚ˆī¤ī‡ī€ ī‘ī‚ƒī‚Ąī”īƒī‡ī¨ ī€ ī‚Šī‡ī’ī‚ƒīšī€ ī‚Šī‚ƒī‹ī‚ƒī‚Šī‚„īĻī‡ī€ īƒ”ī€ ī‚ƒī‚ĄīƒŠīĒīƒī‡ī€ ī‰īƒąī‚„īŖī€ ī‰īī‚ƒīĒī’ī€ īƒ›ī…ī‡ī€ īŠīī„īƒ„īĒī€ īƒ€īƒī‡ī€ ī‚ŋī‚ĩīƒ§ī€ īƒ‚īĻī…ī‚ƒīĄī€ ī‰īƒ„ī‚˛īˆī€ ī‘ī‚ƒī‚Ąī‚īƒ™ī‡ī€ ī‡ī‚˜ī§ī€ ī‚Ģī‚ƒī‚„īŠī…ī‡ī€ īƒ“ī€ īƒ„ī¤ī€ ī‚ŋī‚ĩī¤ī€ ī€˛ī€°ī€ąī€ˇī€ ī‚Ŋī‚ƒī™ī€ ī‚ēīƒ„ī‚¸ī‚‘īˆī€ īƒšī‚ƒī‚Šī¤ī‡ ī€ ī€Žī‚ēī‚ƒī‚žīƒ™ī‡ī€ ī‰īžīƒ‡ī‚Šīˆī€ īƒąī‚Ŗīƒ˜ī‡ī€ īƒˆīŽī‚ƒī‚žīƒ™ī‡ī€ īƒąīƒ‡ī‚Ŧī‚ˆī¤ī‡ī€ ī‚ŋīĨī€ īžīƒ—ī‡ī€ īƒ…ī‚¸ī™ī€ ī‚‡ī‚˛ī‚¸ī‚Šīƒ™ī‡ī€ ī‚ēī‚ƒīĨī‚īƒ•ī‡ī€ ī‚šī‚ŠīƒŽī€ īƒ€īƒī‡ī€ ī‚ƒīƒīĻīƒī‚ƒī‚Ąī”ī€ ī‚ŋīĨī€ īƒˆī‚ˆī¤ī‡ī¨ī€ īƒ‰ī‘ī‡ī‚™īƒ—ī‡ī€ ī‚ĸī“ī‚ƒī‚„ī‚ˆīīƒ•ī‡ ī€ ī‚…ī§ī‚˜īĒī€ īžīĸī€ ī‚¤ī‚Ąī“ī¨īƒīƒ•ī‡ī€ ī‚´ī‚™ī‚Ąī‚žī¤ī‡ī€ ī’ī‚ƒīšī¨ī€ ī‚¤ī‚¯īĻī€ ī‚ŋīĨī€ ī€Ĩī€šī€°ī€ ī‚ŋīĨī€ īƒ­īŖīƒī‡ī€ īƒ€ī…ī‚ƒīĄī€ ī‡ī‚˜ī§ī€ ī‚ī¨īžīī€ ī‚ēī‚ƒīī€ īƒ”ī€ īƒ‚īĻīƒī‡ī€ ī‚‡īƒ‡ī¤ī¨īžī¤ī‡ī€ ī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ ī‚‡ī¤ī‚ƒīŖī¨ī€ ī‚‰ī‚Šīĸīƒ„īŠī¨ ī€ ī€Žīƒˆī‚žīĨī‚›ī¤ī‡ī€ ī‘ī‚ƒī—ī…īƒ•ī‡ī€ ī‚ĸī‚ī‚¯īĻī€ ī‚ēīƒŽīŽī€ ī‚ļī¤īī¨ī€ īƒ˛ī‚Ąī‚Ÿī¤ī‡ī€ ī‚šī‚‹īĨī€ ī‚ĒīĒī‚™ī‚Ąī“ī€ ī‚šī‚ĩī‚Ąī‚žīˆī€ īƒ„ī‚ģī‚žīŠī€ īƒˆī‚ˆī¤ī‡ī€ ī‚ēī¨īžī¤ī‡ī€ īƒ›ī…ī‡ī€ īƒˆī‚Ąī“ī‚ƒī‚Ąī“īƒī‡ī€ ī‚šī‚ĩī‚Ąī‚žīˆī¨ī€ ī‚ƒīƒ‡ī‚Ąī“ī‚ī‡ī€ īƒ›ī…ī‡ ī€ ī‚‡īƒ’ī‚ƒīĸī€ īƒˆīŽī‚ƒī‚žīƒ™ī‡ī€ īƒąīƒ‡ī‚Ŧī‚ˆī¤ī‡ī€ ī‚ŋīĨī€ īžī‚‘ī‚¸ī¤ī€ ī‚šī‚ģī‚Šī¤ī‡ī€ ī‚´ī‚ƒīĄī‚ī‡ī€ īƒ€ī…ī‡ī€ ī‚‡īƒ‡ī¤ī¨īžī¤ī‡ī€ ī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ ī‚‡ī¤ī‚ƒīŖīƒ„īˆī€ īƒˆī‚Ąī‚īƒ‡ī†ī‚™ī¤ī‡ī€ īƒ‰īī‚ƒī‚Ąī‚Ÿī‚ˆīĸīƒ•ī‡ī€ īƒąī‚„īƒ˜ī‡ī€ ī‚ēī¨īƒąīˆī€ īƒ‘ī‚ƒīĄī€ ī€ ī‚ēī‚ƒīĸī¨ ī€ īƒąī‚„īŖī€ īƒąī‹īƒī‚ƒīŠī€ ī‡ī‚˜īƒī¤ī€ ī‚ĸī‚īƒ‡ī¤ī¨ī€ ī‰īžī‚žīŒīƒīƒ•ī‡ī€ ī‚šī‚¯ī‚Ąī“īƒī‡ī€ īƒ›ī…ī‡ī€ ī‚ŗī¤ī‚›ī‚žīĒī€ īžīĸī€ ī‚–ī‚ƒī‚žīƒ™ī‡ī€ īƒąīƒ‡ī‚ŦīŠī€ īƒ€īƒī‡ī€ īƒ›ī…ī‡ī€ ī‡īƒąī‚Ąī‚žīĨī€ ī‚ƒīƒī§ī‚ƒīƒŽī‡ī€ ī‚ŋīĨī€ ī‰īžī‚‘ī‚ˆīƒ™ī‡ī€ ī‚Šī‚ƒīĒīƒ•īƒ„ī¤ī‡ī€ īƒąī‚ŦīŠī€ īƒšī€ ī‚ƒīĨ ī€Žī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ īƒ‰ī‚™ī‚ģī‚‹ī‚ˆī‚Ąī‚īĨī€ īƒ…ī‚¸ī™ ī€ īƒ”ī€ ī‚Ēī‚Ąī“ī‡ī¨ī€ ī‚™īĒīƒ„ī‚Ŗī‚ˆī¤ī€ ī‚Ēī‚ĄīƒŠīŽī€ īƒ‰ī‚˜ī¤ī‡ī¨ī€ īƒ‰ī‚™ī‚”ī‚Ąī‚Ÿī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ī‚ƒī‚ˆīĻī…ī‡ī€ ī‚ēī‚ƒī‚ģī‚ˆīīƒ•ī€ ī‚‰ī‚Ąī‚ī‚ģīƒī€ īžīĸī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚ŋīĨī€ īžīĒīžī‚Šī¤ī‡ī€ ī‚Šī‚ƒīŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒ€īƒī‡ī€ ī‚™īŖī‚˜īĒī€  ī€ ī‚ƒī‚˛īĄī¨ī€ ī‚™ī§īī‚›īƒ‡ī¤ī€ īƒąī‚‹ī‚ĩī¤ī‡ī€ īƒ‚īĨī‚ƒīĨīƒī‡ī€ ī‚ŋī‚ĩī¤ī€ ī‚īžīīƒī‡ī€ ī‚ƒīƒ‡īŒīƒ„ī¤īƒ„ī‚žī‚ĩīŠī€ īƒ…ī‚¸ī™ī€ īžī‚ģī‚ˆī‚ŠīĒī€ īƒ‰ī‚˜ī¤ī‡ī€ īƒ‰ī‚™ī‚”ī‚Ąī‚Ÿī¤ī‡ī€ ī‚¤ī‚¯ī‚žī¤ī‡ī¨ī€ īƒˆī‚Ąī–ī‚ƒīƒ™ī‡ī€ īžī‚˛ī‚Šī¤ī‡ī€ īƒ”ī€ ī‰īžī‚‘ī‚ˆīƒ™ī‡ī€ ī‚Šī‚ƒīĒīƒ•īƒ„ī¤ī‡ ī€Žī‚‡īƒ‡ī¤ī¨īžī¤ī‡ī€ ī‚‡īĸī‚ƒī‚Ŗī¤ī‡ī€ ī‚‡ī¤ī‚ƒīŖī¨ī€ ī‚šīƒ‡ī‚¸ī‚‘ī‚ˆī¤

ī‘ī‚ƒīƒ‡ī‚¸īĨī€ ī€˛īžī€¸ī€ ī‘īžīƒīĒī€ ī‚‡ī‚‘ī‚Ąī–ī‡ī¨ī€ ī‚Šī‚ƒīƒ‡ī¤ī‚ī‡ī€ īƒ€ī¨īī€ ī’ī‚ƒīŒī‚ƒīŠīƒ„ī‚„ī¤ī‡ī€ ī‚…īƒ‡īˆī‚ƒīĻīƒī‡ī€ ī‚ĒīĒī’īƒ„īŠī€ ī‚Ŋī‚ƒī‚ĻīĻī€ ī‚ŗīƒ‡ī‚„ī‚ŖīŠī€ īƒ€īƒī‡ī€ īžīŖī„īƒ„īŠī€ ī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ī€ īī‡īƒ„īƒ™ī‡ī€ ī‚‡ī‚„ī‚Šī‚Ąī” ī€ īī‚ƒī‚žī‚„ī¤ī‡ ī€ ī‚°ī ī īĸī¨ ī€ ī‚ēīƒ„ī ī ī ī€ īī‡ī‘ī’īƒ„ī ī  ī¤ī‡ ī€ ī‚ĸī‚ī‚¸īƒ ī€ ī‚ĸī‚īƒ‡ī†ī‘ ī€ ī‚šīĒīžī‚žīĸ ī€ īī‚ƒī‚žī‚‹ī‚ˆī‚Ąī“ī‡ī€ īƒ€ī¨īī€ ī‘īƒ„īƒī‚Ąī”ī€ ī€ļī€ ī‰īžīƒ™ī€ ī‚‡īƒ‡ī™ī‡ī‘ī‚›ī¤ī‡ī€ īƒˆī‚Ąī–ī‡ī‘īƒīƒ•ī‡ī€ īƒ…ī‚¸ī™ ī€ ī‚Šī‚ƒī™īīƒ„ī‚ˆī‚Ąī‚īƒ™ī‡ī€ īƒ€īƒī‡ī€ īƒ›ī…ī‡ī€ ī‡īƒąī‚Ąī‚žīĨī€ ī‘ī‡ī‚™ī‚˛ī¤ī‡ī€ ī‚ŋīĨī€ ī‚Šī‚ƒī™īīƒ„ī‚ˆī‚Ąī‚īƒ™ī‡ ī€ ī‚‡īƒ‡ī™ī‡ī‘ī‚›ī¤ī‡ ī€ īƒˆī ī ī‚Ąī ī–ī‡ī‘īƒīƒ•ī‡ ī€ īƒ…ī‚¸ī™ ī€ īī‚ƒī‚žī‚„ī‚¸ī¤ ī€ ī‚‡īī‚ƒī‚Ąī‚īĨ ī€ ī‚ƒīƒī¤ ī€ īƒ€ī‚ƒīŖ ī€ ī‚ļī¤īī¨ ī€ ī‚ƒī‚Šīˆī‚™īĨ ī€ ī‡īƒĢī ī īĨ ī€ ī€˛ī€´ī€ĩ ī€ ī‚‡īī‚ƒī‚Ąī‚īĨ ī€ īƒ…ī‚¸ī™ ī€ īī‚ƒī‚žī‚‹ī‚ˆī‚Ąī“ī‚ƒīŖ ī€ ī‚‡ī‚¸ī‚ˆī‚ĩī¤ī‡ī€ ī‚ī‘ī‚ƒī ī īŽ ī€ ī‚ƒī ī īƒī īŒī¨ī‚™ī ī īŽī¨ī€ īƒ‰īƒ„ī ī īƒ‡ī īƒ—ī‡ī€ īƒ€ī‚ƒī ī  īĨīƒīƒ•ī‡ī€ īī‚ƒī ī ī‚Šī  īˆīƒīƒ• ī€Žī‚‡īƒ‡ī‚žī‚ĩī‚Ąī‚ī¤ī‡ 3

Petroleum Today

ī€ ī‚Šīžī‚˛ī‚ˆīĻī‡ī€ īƒˆī‚ˆī¤ī‡ī€ ī‚‡ī‚„ī‚Šī‚Ąī‚žī‚¸ī¤ī€ īžī‚˛ī™ī€ ī‚Ģī‚ƒī‚ģī‚ˆīŒī‡ī€ ī‚ļī¤īī€ īī‚ƒīŒī€  ī€ ī‚Šī‚ƒī‚ĻīĄī‚ƒī‚‘īƒ™ī‡ī€ īƒ”ī€ ī’ī‚ƒīŒī‚ƒīŠīƒ„ī‚„ī¤ī‡ī€ ī‚ĒīĒī’īƒ„īŠī€ ī‚Šī‚ƒīĻīƒ„īˆīƒ„īŖī€ ī‘ī‡ī‚™īĸī€ ī‚˜īƒ‡ī‚¯ī‚žīŠ ī€ īīƒ„īŒī¨ī€ īƒ€ī¨īī€ ī‚ƒīƒīˆī€ ī‚‡īˆī‚™ī‚Žī‚ˆī¤ī‡ī€ ī‚ŗīƒ‡ī‚„ī‚ŖīŠī€ ī‚‡īĨīƒ„ī‚ĩīƒ—ī‡ī€ ī‚‰ī‚žī‚¸ī™īƒī‡ī€ īƒˆī‚ˆī¤ī‡ ī€ ī‚™ī‚Šī‚Ąī“ī€ ī‚Šī¨ī‚ƒī‚¯īŠī€ ī‚šī˜ī€ īƒ”ī€ ī‚‡ī‚Ąī•ī‚ƒīŽī€ ī‚˜īƒ‡ī‚¯ī‚žī‚ˆī‚¸ī¤ī€ ī‚‡ī‚‘ī‚Ąī–ī‡ī¨ī€ ī‚Šī‚ƒīƒ‡ī¤ī‚ī‡ ī€ ī‘ī‚ƒī‚Šī‚Ąī“īƒīƒ•ī‡ī€ ī‚“ī¨ī‡īƒĢī‚ˆī¤ī€ ī‚›īŖī‚™īĨī€ īƒ›ī…ī‡ ī€ ī‚›īŖī‚™īĨī€ ī‚ŋīĨī€ ī‚‡īĻī‡īƒ„ī‚Ŗī‚Ąī“īƒ•ī‡ ī€Žī‚Ģīīƒ„ī‚ˆī‚Ąī‚īƒ™ī‡ī€ ī‚ŧīƒ‡ī‚¸ī‚Ąī‚īŠī€ ī‚Šī‚ƒīƒīƒ‡ī‚žīŒī€ ī€ąī€°ī¨ī€ ī€ĩī€ īƒ˛īˆ ī€ ī‚Ŋī‚ƒī‚Ąī‚žī§ ī€ ī‘īƒ„ī ī ī‚ˆī īŖīžī ī ī¤ī‡ ī€ ī‚Šī‚ƒī‚‘īĒī‚™ī‚Ąī‚ŸīŠ ī€ ī‚Šī‚ƒī ī īĄī‚™ī ī ī™ ī€ īžī‚˛ī‚ˆīĻī‡ī¨

- November 2012

ī€ īī‡īƒ„ī‚ģī‚¸ī¤ī€ ī‚‡īĨī‚ƒī‚Šī¤ī‡ī€ ī‚‡ī‚„ī‚Šī‚Ąī‚žī¤ī‡ī€ ī‚ĸī‚īƒ‡ī†ī‘ī€ ī‚Šī‚ƒīĄī‚™ī™ī€ ī‚Ŋī‚ƒī‚Ąī‚īī€ ī‚ēī‚ƒīĸī¨ ī€ īžī‚ŠīĒī€ īƒœī‚ƒīƒ—ī‡ī€ ī‚Ŋī‚ƒī‚Ļī‚žī¤ī‚ƒīˆī€ ī‚ĒīĒī’īƒ„ī‚ˆī¤ī‡ī€ ī‚ŗīƒ‡ī‚„ī‚ŖīŠī€ īƒ€ī…ī‡ ī€ ī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ ī€ ī‚‡īĨīƒ„ī‚ĩīƒ—ī‡ ī€ īƒ‚ī¤īƒŽīŽ ī€ ī‚ŋīĨ ī€ ī‚ąīžīƒīŠī¨ ī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ ī€ ī‚ēī‚ƒī‚ģī‚¸ī¤ ī€ ī‡ī‘ī‡īžī ī ī§ī…ī‡ ī€ ī‚‡īƒ‡īĻī‚ƒīƒ™īƒŠī¤ī‡ī€ ī‚Šī‚ƒīˆī‚ƒī‚”ī‚ˆīĻīƒŽī¤ī€ ī‡īžīƒ‡īƒīƒ’ī€ ī‚‰īĸī„īƒ„īĨī€ ī‘ī‡ī‚™ī‚˛ī‚ˆī‚Ąī“ī‡ī€ ī‚ŗī‚¸īƒ˜ ī€ īžī‚„ī‚ĩīƒ‡ī‚Ąī“ ī€ ī‚šī‚ĩī‚Ąī‚žī¤ī‡ ī€ ī‡ī‚˜ī ī īƒī īˆ ī€ ī‚ŗīƒ‡ī‚„ī‚Ŗī‚ˆī¤ī‡ ī€ īƒ€īƒī‡ ī€ īƒ›ī…ī‡ ī€  ī€ ī‡īƒąī ī ī‚Ąī ī‚žī īĨ ī€ īƒ‚īƒ‡ī‚žīŒ ī€ ī‘ī‚ƒīƒ‡ī‚¸īĨ ī€ ī€˛īžī€¸ ī€ īƒœī‡īƒ„ī‚‘īˆ ī€ ī‘īžī‚˛īŠ ī€ ī‚™ī†ī‚ƒī‚Ąī‚īŽ ī€ ī‚‡īĨīƒ„ī‚ĩīƒ—ī‡ ī€Žīƒœī‚ƒīƒ—ī‡ī€ ī‚Ŋī‚ƒī‚Ļī‚žī¤ī‡ī€ ī‚ŋī™ī€ īžīĒīžīƒ–ī‡ī€ ī‚Ŋī‚ƒī‚Ļī‚žī¤ī‚ƒīˆī€ ī‚ŧī™īžī¤ī‡ī€ ī‚´ī‚™īĄ


ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Šī‚ƒī™ī¨ī‚™ī‚Ąī‚žīĨī€ īƒ…īĄī€ īƒ€ī¨ī‚ƒī‚Šī‚ˆī‚¸ī¤ī€ ī‚Šī‚ƒīƒ‡īĸī‚ƒī‚¯īŠī‡ī€ ī‚ĸī‚ī‚ģīŽī€ īƒ€ī‚ƒī‚Šīĸīƒ„īŠī€ ī‚™ī†ī‡ī‚›īƒ–ī‡ī¨ī€ ī‚™ī‚Ąī‚ŸīĨ ī€ ī‚šī‚ĩīƒ‡ī§ī¨ ī€ īƒˆī‚ģīƒ‡ī‚Ļī‚žī‚ˆī¤ī‡ ī€ ī‚šī‚ĩīƒ‡īƒī¤ī‡ī¨ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‚ēī‚ƒīĨ ī€ ī‚ĸī ī ī“īƒī‡ī‘ ī€ ī‚Ēī‚Ąī–īƒ„ī¤ ī€ īƒ€īƒ„ī‚ĩīŠ ī€ īƒ€īƒī‡ ī€ īƒ…ī‚¸ī™ ī€ ī‚´ī‚ƒī‚¯īŠīƒ•ī‡ ī€ īƒ“ ī€ īƒ‚īĻīƒī‡ ī€ īƒ›ī…ī‡ ī€ ī‡īƒąī‚Ąī‚žīĨī€Žī€Žīƒ˛ī‚ģī§ī‚ƒī‚Ąī‚īƒ™ī‡ ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚…īĻī‚ƒī‚Žī‚¸ī¤ī€ ī‚‡ī†ī‚ƒīƒ™ī‡ī€ īƒ”ī€ ī€¯ī€ĩī€°ī€¯ī€ īƒ…ī§ī€ ī‚‡īŖī‘ī‚ƒī‚Ąī‚žīƒ™ī‡ī€ ī‚‡ī‚„ī‚Ąī‚īĻ ī€Žīƒ‰ī‚™ī†ī‡ī‚›īƒ–ī‡ī¨ ī€ īŠī‚™īŽīƒī‡ ī€ ī‚‡īŖī‚™ī‚Ąī” ī€ īī‚ƒī‚Ąī‚žīĻī…ī‡ ī€ īƒ…ī‚¸ī™ ī€ ī‚ĸī‚Ÿī‚žīŠ ī€ ī‚‡ī‚‹ī¤ī‚ƒī‚‹ī¤ī‡ ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠīƒ•ī‡ ī€ īŠī¨īžīƒ–ī‡ ī€ ī‚Šī‚ƒī ī ī‚Ąī ī“ī‡ī‘īī¨ ī€ ī‚‡īƒ‡ī‚Ąī“īžī‚žīƒī¤ī‡ ī€ ī‚Šī‚ƒī‚Ąī“ī‡ī‘īžī¤ī‡ ī€ ī‚ēī‚ƒī ī īƒ ī€ īƒ…īĄ ī€ ī‚ēī‚ƒīƒī€ īƒ”ī€ īī‡īƒ„ī ī ī‚Ąī  ī“ ī€ ī‚Šī‚ƒī ī ī™ī¨ī‚™ī ī ī‚Ąī ī‚žī īƒ™ī‡ī€ īī‚ƒī ī ī‚Ąī  ī‚žī  īĻī…ī‡ī¨ī€ ī‚‡ī ī īĒīī‚ƒī ī ī‚Ąī ī‚Ÿī ī‚ˆī īĸīƒ•ī‡ ī€ ī‚Ŋī‚ƒīƒ‡īĸ ī€ īƒ›ī…ī‡ ī€ ī‚‡īĄī‚ƒī‚Ąī–ī…ī‡ ī€ ī‚Šī‚ƒīĒī¨ī‚ƒī‚ģīƒ‡īŖī¨īƒĢī‚„ī¤ī‡ ī€ ī¨īƒī‡ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ ī€ ī¨īƒī‡ ī€ ī‚¤ī‚¯ī‚žī¤ī‡ ī€ ī‚‡īƒ‡ī™ī‚ƒī‚žī‚Ąī‚Ÿī¤ī‡ī€ ī‚Šī‚ī‚ƒī‚Ąī‚žī‚žīƒ™ī‡ī€ ī‚šīƒ‡ī‚Ŧī‚Ąī‚žīŠī¨ī€ ī‚‡īĻī‚ƒīƒ‡ī‚Ąī‚Ÿī¤ī‡ī€ ī‚ēī‚ƒī‚ģī™īƒī‚ƒīˆī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€Žī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ī¨ ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ī€ īžīĒī¨ī‚›īŠī€ īƒ…ī‚¸ī™ī€ ī‚ĸī‚Ÿī‚žīŠī€ ī‚‡ī‚Šīˆī‡ī‚™ī¤ī‡ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠīƒ•ī‡ ī€ īƒ‰ī‚™ī†ī‡ī‚›īƒ–ī‡ī€ ī‚…īĻī‚ƒīƒ–ī‡ī€ īī‚ƒī‚Ŗī™ī…ī‡ī€ īƒ“ī¨ī€ ī‚ēī‚ƒī‚Ąī‚īƒ™ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĨī€ ī‚Šī‚ƒīƒ‡ī‚ģī‚ĩīˆ ī€ īŠī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ ī€ ī‚ƒīƒīŒī‚ƒī‚ˆī‚‘īĒ ī€ īƒ…ī‚ˆī¤ī‡ ī€ ī‚Šī‚ƒīĻī‚ƒīƒ‡ī‚„ī¤ī‡ī¨ ī€ ī‚Šī‚ƒī‚¯ī‚Ąī•ī‡īƒ„īƒ™ī‡ ī€ ī‚ēī‚ƒī‚Ąī‚īƒ™ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ŋīĨ ī€ ī‚Šī‚ƒī‚žīƒ‡ī™ī€ īžīĒī‘īƒ„īŠī€ īƒ…ī‚¸ī™ī€ ī‚´ī‚ƒī‚¯īŠīƒ•ī‡ī€ īƒ…ī‚¸ī™ī€ ī‚‡ī‚Ąī‚īĨī‚ƒīƒ˜ī‡ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠīƒ•ī‡ ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€ ī‚šīĨī‚ƒī‚Šīƒ™ī‡ ī€ īƒ›ī…ī‡ ī€ īƒ‰ī‚™ī ī ī†ī‡ī‚›ī ī īƒ–ī‡ ī€ ī‚Ŋī‚ƒī ī īƒ˜ī‡ ī€ ī‚¤ī‚¯ī‚žī¤ī‡ ī€ ī‚ŋī ī īĨ ī€ ī‚Šī‚ƒī‚žīƒ‡ī‚Šī¤ī‡ī€ īƒƒī‚˜ī§ī€ ī‚‰īĻī‚ƒīŖī€ īī‡īƒ„ī‚Ąī“ī€ ī‚ƒī§ī‚™īĒī‚™ī‚ĩīŠī€ īƒ…ī‚¸ī™ī€ ī‚†ī‘ī‚ƒīƒŽī€ īī‡ī‚™īŒī…īƒ• ī€ īƒ…ī‚ˆīī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚Ŋī‚ƒīƒ˜ī‡ī€ ī‚¤ī‚¯ī‚žī¤ī‡ī€ ī‚ŋīĨī€ ī‚Ģīƒ„ī‚žīˆī€ ī‚¤ī‚¸ī‚”īŠī€ ī¨īƒī‡ī€ ī‰īī‚™ī‚¯ī‚žīĨ ī€ īīƒ„ī‚Ąī–ī€ īƒ”ī¨ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚™īĒī‚™ī‚ĩī‚ˆī¤ī‡ī€ ī‚šīĨī‚ƒī‚ŠīĨī€ ī‚‡īƒ‡ī‚Šīƒ‡ī‚„ī—ī€ ī‚ĒīĨī€ ī‚…ī‚Ąī“ī‚ƒī‚žī‚ˆīŠ ī€ ī‚Ēīƒ‡ī‚Ŗī‚ˆī‚Ąī‚īŠī€ īƒˆī‚ˆī¤ī‡ī€ ī‚Šī‚ƒīƒ‡ī‚ģī‚ĩī¤ī‡ī€ īƒ…ī‚¸ī™ī€ ī‚´ī‚ƒī‚¯īŠīƒ•ī‡ī€ ī‚ŧī‚ˆīƒ‡ī‚Ąī“ī€ ī‚ī†ī‚ƒī‚ˆī‚žī¤ī‡ī€ īƒƒī‚˜ī§ ī€Žī‚™ī†ī‡ī‚›ī‚Žī‚¸ī¤ī€ ī‚ƒī§ī‚™īĒī‚™ī‚ĩīŠī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚šīĨī‚ƒī‚Šīƒ™ī‡

ī€ ī’ī‚ƒī‚Ŧī‚¸ī¤ī€ ī‚°ī‚Ąī‚žīŖī€ ī‚ŋī™ī€ ī‚ŋī‚¸ī‚ŠīŠī€ ī’ī‚ƒīšī€ ī‚‡īĻī‡ī ī€ ī‘ī‚ƒīƒ‡ī‚¸īĨī€ ī€ļī€ ī īˆī€ īƒ‚ī‚ģī‚Žīī€ ī‘īžī‚˛īĒī€ ī‚ƒī‚ˆī¤īžī¤ī‡ī€ īƒ…īĄ ī‚…ī‚Šī‚ĩīĨī€ ī‚Ŋīžīĸ ī€ ī’ī‚ƒī‚Ŧī¤ī‡ ī€ ī‚‰ī‚¯ī‚Ąī‚žī‚ˆīŖī‡ ī€ ī‚ƒīƒīĻī…ī‡ ī€ ī‚‡ī ī īƒ‡ī īŠī‡ī‘ī‚ƒī ī īĨī…īƒ•ī‡ ī€ ī’ī‚ƒī ī īš ī€ ī‚‡ī ī īĻī‡ī ī€ ī‚‰ī¤ī‚ƒīĸ ī€ ī‚ŋī‚ģī‚ĩīƒ™ī‡ī€ ī‚ŧī‚Žīī€ ī‚Šī‘īžī ī īĸī¨ī€ ī‚™ī‚Ąī‚ŸīƒŒī€ ī‚šīƒ‡ī‚žī¤ī‡ī€ ī‚ƒī‚ˆī¤īī€ īƒ”ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ ī€ ī‚Ŋīžīĸī€ ī‚Šī‡ī‘ī‚ƒī ī īƒ‡ī ī‚¸ī īĨ ī€ ī‚‡ī‚ˆī‚Ąī“ī€ īƒ›ī…ī‡ ī€ ī‚‡ī ī ī‚Šī  īˆī‘īƒī‡ ī€ īī¨īžī ī  ī ī€ īƒ”ī€ īžī ī īĒīžī ī īƒ–ī‡ ī€ ī€Žī‚‡ī‚„ī‚Šī‚ĩīĨ ī€ ī‚°ī‚Ąī‚žī‚ĩī¤ī‡ ī€ ī‚™īĒīƒ„ī‚Ŗī‚ˆī¤ ī€ ī‚‡ī‚ŖīŽ ī€ īžī‚ŠīŠ ī€ ī‚ƒīƒīĻī…ī‡ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ ī€ ī‚‰ī¤ī‚ƒīĸī¨ ī€ ī‚‡ī‚Ŗī‚‘īƒŒī€ īƒ‚ī‚ŖīˆīƒĢī‚Ąī“ī¨ī€ ī€ąī€ ī‚ƒī‚ģī‚Ąī“ī€ ī‚†ī‚™īšī€ ī‚Ēīĸīƒ„īƒ™ī‡ī€ īƒ”ī€ īƒ‚ī‚ˆī‚˛ī‚˛īī€ īƒ‰ī‚˜ī¤ī‡ ī€ ī€Žī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚‡īƒ–ī‚ƒī‚Šīƒ™ī€ ī‚‡ī‚„īĒī‚™īĸ ī€ īƒ”ī€ ī‚ƒīƒī¤ī€ īƒĻī‚ƒī‚‹ī¤ī‡ī€ īƒ„ī§ī€ ī‚ąī‚ƒī‚Ąī‚žī‚ˆīŖīƒ•ī‡ī€ īƒ€ī…ī‡ ī€ ī’ī‚ƒīšī€ ī‚‡īĻī‡īī€ ī‚‰ī¤ī‚ƒīĸī¨ ī€ ī‚ēī‚ƒī‚ģī™īƒī‡ ī€ īžī‚Šīˆī€ ī‚Ŋī‚ƒī‚Šī¤ī‡ī€ ī‡ī‚˜ī§ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚ēī‚ƒīƒ ī€ īƒĻī‚ƒī‚‹ī¤ī‡ī€ ī‚Ēīˆī‚™ī¤ī‡ī€ īƒ”ī€ īƒ„ī‚„īĨīƒī‡ī€ ī‚Ŋīƒ„īŖī€ ī’ī‚ƒīƒ‡ī‚ˆīĨī‡ī€ īƒ”ī€ ī‚‡ī‚‘īŒī‚ƒī‚žī¤ī‡ī€ ī‚…īƒ‡ī‚˛ī‚žī‚ˆī¤ī‡ ī€Žī‚Ŋī‚ƒī‚Šī¤ī‡ī€ ī‚ŋīĨ ī€ ī‚‰ī¤ī‚ƒīĸī¨ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‰īƒąī‚„īŖī€ ī‚‡ī‚Ŗī‚Ąī‚žīĻīƒī‡ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī‚¸ī¤ī€ īƒ€īƒī‡ ī€ ī‚™īŖī‚˜īĒ ī€ īƒ‰ī‘ī‚ƒī‚Žī‚ˆī¤ī‡ī€ ī‚ī‚ƒī‚ˆīĻī…īƒ•ī‡ī€ ī‚Šīƒī‡īžīˆī€ ī‚ƒīƒī¤ī€ ī‚‡īĒī‚™ī‚Ąī‚ŸīĨī€ ī‰īžīī¨ī€ īƒ€ī…ī‡ ī€ ī€ ī‡ī‚™īŽī„īƒ„īĨ ī€Žī‚ˇī‚ƒī‚žī§ī€ īƒˆī‚Šīƒ‡ī‚„ī‚Ŗī¤ī‡ī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ ī‚šī†ī‡īƒ„ī‚Ąī‚ī¤ī€ ī‚Ēī‚žī‚Ąī‚ŸīƒŒ

ī€ ī‚Šīƒ•īƒ„īŖīƒ„īŠī¨ī‚™īˆī¨ī€ ī‚Šī‚ƒīƒ‡īĸī‚ƒī‚¯īŠī‡ī€ ī‚ĸī‚ī‚ģīŽī€ ī‚™ī†ī‡ī‚›īƒ–ī‡ī¨ī€ ī‚™ī‚Ąī‚ŸīĨī€ ī‚‰ī‚Šīĸī¨ ī€ ī‚ąīžīƒīŠī€ ī’ī‚ƒī‚Ŧī¤ī‡ī¨ī€ ī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ī€ ī‚Šī‚ƒī™ī¨ī‚™ī‚Ąī‚žīƒ™ī‡ī€ ī‚ēī‚ƒīƒī€ īƒ”ī€ īƒ€ī¨ī‚ƒī‚Šī‚ˆī‚¸ī¤ ī€Žī‚‡īĨīī‚ƒī‚˛ī¤ī‡ī€ ī‰īƒĢī‚¯ī¤ī‡ī€ ī‚ēīƒŽīŽī€ ī‚ƒī‚ģīƒī‚žīƒ‡īˆī€ īƒ€ī¨ī‚ƒī‚Šī‚ˆī¤ī‡ī€ ī‚›īĒī‚›ī‚ŠīŠī€ īƒ›ī…ī‡ ī€ ī‚ŋī™ ī€ ī‚‡ī ī īĒī‚™ī ī ī†ī‡ī‚›ī ī īƒ–ī‡ ī€ ī‚‡ī‚ģī‚Ąī•ī‚ƒī‚Šī¤ī‡ ī€ īƒ” ī€ ī‚Šī‚ƒī ī īƒ‡ī  īĸī‚ƒī ī ī‚¯ī  īŠīƒ•ī‡ ī€ ī‚Ēī ī īĸī¨ ī€ ī‚‡ī‚€īƒ‡īƒī¤ī‡ī€ ī‚ĸī‚īƒ‡ī†ī‘ī€ īƒˆīī‚ƒī‚Ąī–ī€ īƒĻī‚ƒī§ī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚…īĻī‚ƒīƒ–ī‡ ī€ īƒ‰ī‚™ī†ī‡ī‚›īƒ–ī‡ī€ ī‚…īĻī‚ƒīƒ–ī‡ī€ ī‚ŋī™ī€ ī‚ƒīƒī‚Šīĸī¨ī€ ī‚ƒī‚ģīƒ‡īĄī€ ī€Žī€Žī€ ī‚ēī¨īƒĢī‚„ī‚¸ī¤ī€ ī‚‡īĨī‚ƒī‚Šī¤ī‡ "ī€ ī‚ˇī‡ī‚™ī—ī‚ƒīĻīƒ„ī‚Ąī“ "ī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚Ŋī‚ƒī™ī€ ī‚™īĒīžīĨī€ īƒ˛īĄī‘ī’ī€ īžīƒ‡ī‚ģīƒ—ī‡ī€ īžī‚„ī™ ī€Žī‚‡īĒī‚™ī†ī‡ī‚›īƒ–ī‡ī€ ī‚‡īƒ‡īĨīƒ„ī‚ĩīƒ—ī‡ī€ ī‚¤ī‚¯ī‚žī¤ī‡ī€ ī‚‡ī™ī‚ƒī‚žī‚Ąī•ī€ ī‚´īƒŽī‚ģī™ ī€ ī‚ŋīĨī€ ī’ī‚ƒī‚Ŧī¤ī‡ī€ īžīĒī‘īƒ„īŠī€ ī‰īī‚ƒīĒī’ī€ īƒ…ī‚¸ī™ī€ ī‚ĸī‚Ÿī‚žīŠī€ īƒ›ī¨īƒīƒ•ī‡ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠīƒ•ī‡ ī€ ī‚ēī¨īƒī‡ ī€ ī‚ŋīĨī€ ī‡ī‘ī‚ƒī‚„ī‚ˆī™ī‡ī€ īƒ‰īƒĢīĨī€ ī‚ŋī—ī€ īƒ€īƒ„īƒ‡ī‚¸īƒ™ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ›ī…ī‡ ī€ ī‚™ī†ī‡ī‚›īƒ–ī‡ ī€ ī‚ēīƒŽīŽī€ ī‚ŋī—ī€ ī‚°ī¤īƒī‡ ī€ ī€¯ī€¸ī€°ī€°ī€¯ī€ ī‚‰īĻī‚ƒīŖī€ īƒ€īƒī‡ ī€ īžī‚Šīˆī€ ī‚šī‚„ī‚˛īƒ™ī‡ī€ īƒŠī‚ģī‚Ąī‚īĒī ī€ īƒ‰ī‘ī‚ƒī‚Ąī“ī€ ī‚’ī‚„ī‚Ąī•īƒī‡ī¨ī€ īƒˆī‚Ąī–ī‚ƒīƒ™ī‡ī€ ī‚šīĒī‚™īˆīƒī‡ī€ īƒ”ī€ īƒ‚ī‚Šīƒ‡īĸīƒ„īŠī€ īƒ“ī€ īŠī‚˜ī¤ī‡ī€ īžī‚˛ī‚Šī¤ī‡ ī€ ī‚ŧī‚ˆīĒ ī€ īƒ€īƒī‡ ī€ īƒ‚ī‚¸īĨīƒī‡ ī€ ī‚ŋī™ ī€ ī‚ƒīˆī‚™ī‚ŠīĨ ī€ ī€Žī€Ž ī€ īƒˆī‚Ąī–ī‚ƒīƒ™ī‡ ī€ īƒ„īƒ‡ī¤īƒ„īĒ ī€ ī‚ŋīĨ ī€ ī‚ēīƒ„ī‚Šī‚¯īƒ™ī‡ ī€ ī‚Šī‚ƒīƒ‡ī‚ģī‚ĩī¤ī‡ī€ ī‰īī‚ƒī ī īĒī’ī€ ī€˛ī€°ī€ąī€´ī€ ī€¯ī€ ī€˛ī€°ī€ąī€ŗī€ īžīĒīžīƒ–ī‡ī€ īžī‚˛ī‚Šī¤ī‡ī€ ī‚ēīƒŽīŽ ī€Žīƒ‰īƒĢīĨī€ ī‚ŋī—ī€ ī‚°ī¤īƒī‡ī€ ī€¯ī€ĩī€°ī€°ī€¯ī¨ī€ īƒ€īƒ„īƒ‡ī‚¸īĨī€ īƒ›ī…ī‡ī€ ī‰īī‘īƒ„īƒ™ī‡ ī€ ī‚ĸī‚Ÿī‚žīĒ ī€ ī‚ēīƒ„ī ī īŖīƒ„ī ī īŠī¨ī‚™ī ī īˆ ī€ ī‚Ēīƒ‡īĸīƒ„īŠ ī€ ī‚šī‚ģī‚Ąī‚žīŠ ī€ ī‚‡īƒ‡īĻī‚ƒī‚‹ī¤ī‡ ī€ ī‚‡īƒ‡īĸī‚ƒī‚¯īŠīƒ•ī‡ ī€ ī‚‡īĨī‚ƒī‚Šī¤ī‡ī€ ī‚‡ī‚€īƒ‡īƒī¤ī‡ī€ īƒ˛īˆī€ ī‚‡īŖīƒĢī‚Ąī‚žīĨī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚ĸī‚īƒ‡ī‚Ąī“īƒī‚ƒīŠī¨ī€ īī‚ƒī‚Ąī‚žīĻī…ī‡ ī€ īƒ…ī‚¸ī™ ī€ ī‚ƒīƒī‚¸ī‚ģī™ī€ ī‚ēī‚ƒīƒī€ īƒ€īƒ„ī‚ĩīĒī€ ī‚ˇī‡ī‚™ī—ī‚ƒīĻīƒ„ī‚Ąī“ī€ ī‚‡īŖī‚™ī‚Ąī”ī¨ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚ēī¨īƒĢī‚„ī‚¸ī¤ ī€ īƒ›ī…ī‡ ī€ ī‚‡īĄī‚ƒī‚Ąī–ī…ī‡ ī€ ī‚ŋīĒīžī‚¸ī‚„ī¤ī‡ī€ īƒŽīŖī€ īƒ”ī€ ī‚ī‚ƒī‚ˆīĻī…īƒ•ī‡ī¨ī€ ī‚Šī‚ƒīĄī‚ƒī‚Ąī‚žī‚ĩī‚ˆī‚Ąī“īƒ•ī‡ī€ īƒ…īĄ ī€ īƒ€īƒī‡ ī€ īƒ…ī‚¸ī™ī€ īƒ˛ī‚ˆī¤ī¨īžī¤ī‡ī€ īī¨īžī ī ī ī€ ī‚ī‘ī‚ƒī ī īŽ ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚šī‚ģī™ī€ ī‚‡īƒ‡īĻī‚ƒī‚ĩīĨī…ī‡ ī€ ī‚šī‚ģī™ ī€ ī‚ŗīĒī‚™īĄ ī€ ī‚šīƒ‡ī‚ĩī‚Ąī‚žīŠ ī€ ī‚‡īĨīī‚ƒī‚˛ī¤ī‡ ī€ ī‚‡ī‚¸īƒ‡ī‚¸ī‚˛ī¤ī‡ ī€ ī‰īƒĢī‚¯ī¤ī‡ ī€ ī‚ēīƒŽīŽ ī€ ī‚ŧī‚ˆīĒ

ī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‚ŠīƒŽī‚ĩī‚Ąī‚žīĨī€ ī‚šīī€ ī‚ĸī“ī‘īžīŠī€ ī‚‡īĨīƒ„ī‚ĩīƒ—ī‡ ī€ īƒ‰ī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ī€ īƒ”ī€ ī‚šīƒ‡īˆīƒ„īĨī€ īƒ€īƒ„ī‚Ąī‚īŖīƒī‡ "ī‚šīƒ‡īˆīƒ„īĨī€ īƒ€īƒ„ī‚Ąī‚īŖīƒī‡"ī€ ī‚‡īŖī‚™ī‚Ąī”ī€ ī‰ī‘ī‡īī…ī‡ ī€ ī‚ĸī‚ī‚¸īƒī€ ī‚ĸī‚īƒ‡ī†ī‘ī€ īī‡ī‘ī’īƒ„ī¤ī‡ī€ ī‚ĸī‚ī‚¸īƒī€ ī‚ĸī‚īƒ‡ī†ī‘ī€ ī‚šīĒīžī‚žīĸī€ ī‚Ŋī‚ƒī‚Ąī‚žī§ī€ ī‘īƒ„ī‚ˆīŖīžī¤ī‡ī€ ī‚šī‚„ī‚˛ī‚ˆī‚Ąī“ī‡ ī€Žī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚™īĒī’ī¨ī€ ī‚ēī‚ƒī‚ģīŖī€ ī‚‡īĨī‚ƒī‚Ąī“īƒī‡ī€ ī‚ĸī“īžī‚žīƒīƒ™ī‡ī€ ī‘īƒ„ī‚ĄīƒŠī‚‘īˆī€ ī‚›ī‚¸īĒī¨ī€ īŠīžīĻīƒī‡ī€ ī‚‡īĒī‚›īƒ‡ī‚¸īƒĸī…īƒ•ī‡ ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ī€ īƒ”ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ īƒ‚īŒī‡īƒ„īŠī€ īƒˆī‚ˆī¤ī‡ī€ ī‚Šī‚ƒīĒīžī‚‘ī‚ˆī¤ī‡ī€ ī‚‡īĄī‚ƒīŖī€ ī‚‡ī‚Ąī“ī‡ī‘īžīˆī€ ī‚ƒīĢ īƒ‡ī¤ī‚ƒīī€ ī‚Ŋīƒ„ī‚˛īŠī€ ī‚ƒīƒīĻīƒī‡ī€ ī‚ƒīƒī¤ī€ īƒ€ī‚ƒīƒ‡īˆī€ īƒ”ī€ ī‚‡īĨīƒ„ī‚ĩīƒ—ī‡ī€ ī‚‰ī‚žī‚¸ī™īƒī‡ī€ ī¨ ī€ ī‚ļī¤īī¨ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚ƒīƒīŠī‡ī‘ī‚ƒī‚ģī‚‹ī‚ˆī‚Ąī“ī‡ī€ ī‰īī‚ƒīĒī’ī€ īƒ‚īŒī‡īƒ„īŠī€ īƒˆī‚ˆī¤ī‡ī€ ī‚ŠīƒŽī‚ĩī‚Ąī‚žīƒ™ī‡ī¨ī€ ī‚Šī‚ƒī‚„ī‚˛ī‚Šī¤ī‡ī€ ī‚‡īĄī‚ƒīŖī€ ī‚šīƒ‡ī¤ī‚˜īŠī€ īƒ…ī‚¸ī™ī€ ī‚šī‚ģī‚Šī¤ī‡ī¨ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ ī€Žī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚Šī‚ƒī‚Šī‚¸ī‚ŖīŠī€ īƒ…ī‚Ąī–ī‚™īŠī€ ī‚‡īƒ‡ī‚¸ī‚ģī™ī€ ī‚ēīƒ„ī‚¸īī€ īƒ›ī…ī‡ī€ ī‚ēīƒ„ī‚Ąī•īƒ„ī‚¸ī¤ī€ ī‚‡īƒ‡ī‚žī‚Šīƒ™ī‡ī€ ī‚Šī‚ƒīƒīƒ–ī‡ī¨ī€ ī‚Šī‡ī‘ī‡ī’īƒ„ī¤ī‡ī€ ī‚‡īĄī‚ƒīŖī€ ī‚ĒīĨī€ ī‚ŗīƒ‡ī‚Ąī‚ī‚žī‚ˆī¤ī‚ƒīˆ ī€ ī‚´īƒ„ī‚Ąī“ī€ īƒ”ī€ ī€ ī‰īƒąī‚„īŖī€ ī‚‡īĻī‚ƒī‚ĩīĨī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚šī‚ˆīƒī€ ī‚Ŋīƒ„īƒ‡ī¤ī‡ī¨ī€ ī€ąī€šī€°ī€˛ī€ ī‚Ŋī‚ƒī™ī€ īƒ›ī…ī‡ī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚Ĩī‚ƒī‚Ąī‚žīĻī€ ī‚•īĒī‘ī‚ƒīŠī€ īīƒ„ī‚ŠīĒī¨ī€  ī€ ī‚†ī‚˜ī‚Žīˆī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚Ŋī‚›ī‚ˆī‚¸īŠī€ ī‚Œīƒ‡īī€ ī‚™ī‚Ąī‚ŸīĨī€ īƒ”ī€ ī‚Šīƒ„īĒī‚›ī¤ī‡ī¨ī€ īīƒ„īĸīƒ„ī¤ī‡ī€ ī‚´ī‡īƒ„ī‚Ąī“īƒī‡ī¨ī€ ī‚ēī¨īƒĢī‚„ī¤ī‡ī€ ī‚Šī‚ƒī‚˛ī‚ˆī‚Ąī‚žīĨī¨ī€ ī‚‡īƒ‡ī‚Ŗī‚¯ī‚žī¤ī‡ī€ ī‚Šī‚ƒī‚Žī‚ˆī‚žīƒ™ī‡ ī€Ŧī‚‡īƒ‡īƒ™ī‚ƒī‚Šī¤ī‡ī€ ī‚Šī‚ƒīƒ‡īŒīƒ„ī¤īƒ„ī‚žī‚ĩī‚ˆī¤ī‡ī€ ī‚īžīīƒī‡ī€ ī‚ŋīĨī€ īžīĒī‚›īƒ™ī‡ īĢ ī€ ī‚‡īĻī‚ƒī‚Šī‚ˆī‚Ąī“īƒ•ī‡ī€ ī‚ēīƒŽīŽī€ ī‚ŋīĨī€ ī‚Šīƒ„īĒī‚›ī¤ī‡ī¨ī€ īīƒ„īĸīƒ„ī¤ī‡ī¨ī€ ī‚¤ī‚¯ī‚žī¤ī‡ī€ ī‚ēī‚ƒīƒī€ īƒ”ī€ ī‚ƒīƒ‡īƒ™ī‚ƒī™ī€ ī‚ŗī‚„ī‚Ŗīƒ™ī‡ī€ ī‰īīƒ„īƒ–ī‡ī€ ī‚Ŋī‚ƒī‚ĻīĻī€ ī‚Ŋī‡īžī‚”ī‚ˆī‚Ąī“ī‡ī¨ ī€ ī‰īīƒ„īƒ–ī‡ī€ ī‚‡īƒ‡ī¤ī‚ƒī™ī€ ī‚Šīƒ„īĒī‚›ī¤ī‡ī¨ī€ ī‚‡īƒ‡ī¤ī¨īƒĢī‚„ī¤ī‡ī€ ī‚Šī‚ƒī‚˛ī‚ˆī‚Ąī‚žīƒ™ī‡ī€ ī‚ŋīĨī€ ī‚‡ī‚¸īĨī‚ƒī‚ĩī‚ˆīĨī€ ī‚‡ī™īƒ„ī‚ģīƒī€ īƒ¨īžī‚˛ī‚ˆī¤ī€ ī‚‡īƒ‡īƒ™ī‚ƒī‚Šī¤ī‡ī€ ī‚Šī‡īī‚ƒī‚¯ī‚ĩī¤ī‡ī€ ī‚šī‚ĄīƒŠīĄīƒī‚ƒīˆ ī€ ī‚‡īĒī‚™ī‚Ąī‚Ÿīƒ™ī‡ī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ī€ ī‚Šī‚ƒīŒī‚ƒīƒ‡ī‚ˆīī‡ī€ ī‚‡īƒ‡ī‚„ī‚¸ī‚ˆī¤ ī€ ī€˛ī€ĩī€ īƒ›ī…ī‡ ī€ ī‚‡īĄī‚ƒī‚Ąī–ī…īƒ•ī‚ƒīˆī€ ī‚´īƒ„ī‚Ąī‚ī¤ī‡ī€ ī‚Šī‚ƒīŒī‚ƒīƒ‡ī‚ˆīī‡ī€ ī‚‡īƒ‡ī‚„ī‚¸ī‚ˆī¤ī€ ī‚‡īĨīžī‚”ī‚¸ī¤ī€ ī‚‡ī‚Ŗīƒžī€ ī€ŗī€ĩī€°ī€ ī‚ŋīĨī€ ī‚†ī‚™ī‚˛īĒī€ ī‚ƒīĨī€ ī‚‡īŖī‚™ī‚Ąī‚žī¤ī‡ī€ ī‚ļī‚¸īƒ’ī¨ ī€ ī‚ƒī‚ģīŖī€ ī‰ī‚›īƒ‡ī‚ģī‚ˆīĨī¨ī€ ī‚‡ī‚ŠīĒī‚™ī‚Ąī“ī€ ī‚Šī‚ƒīĨīžīŽī€ ī‚™īĄīƒ„īŠī€ ī‚‡īĒī‘īžī‚žī‚ĩī‚Ąī“ī…īƒ•ī‡ī¨ī€ īŠīƒŠī‚ĩī¤ī‡ī€ ī‰ī‚™ī§ī‚ƒī‚˛ī¤ī‡ī€ īƒˆī‚ˆī‚ĻīĄī‚ƒīƒžī€ īƒ”ī€ ī€ On the Runī€ ī‚™ī‚Žī‚ˆīĨ ī€ īƒąīĒī‚ƒī‚ŠīĨī€ ī‚ĒīĨī€ ī‚‡ī‚˛ī‚¯ī‚ˆīĨī€ ī‚Šī‚ƒī‚Ŗī‚‘īƒ™ī‡ī€ īƒ›ī…ī‡ī€ ī‰ī‚™ī‚Ąī”ī‚ƒī‚„īĨī€ ī‚Šī‚ƒī‚žīī‚ƒī‚Ąī‚žī¤ī‡ī€ ī‚šī‚˛ī‚žī¤ī€ ī‚‡īƒ‡ī¤ī‚ī‡ī€ ī€ĩī€°ī€ ī‚ŋīĨī€ īƒ€īƒ„ī‚ĩīĨī€ īƒąī‚„īŖī€ ī‚šī‚˛īĻī€ ī‚ēīƒ„ī‚Ŗī‚Ąī“īƒī‡ī€ ī‚ŧī‚ĄīƒŠīŠ ī€Žī€ ī‚‡īƒ‡īƒ™ī‚ƒī‚Šī¤ī‡ī€ ī‚‡īĨīƒŽī‚Ąī‚ī¤ī‡ Petroleum Today

- November 2012

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safety & security sector. mechanical tools co.

33458059

Available in each sector all range with it s different models and sizes. Hand Tools, Power Tools, Electric Chain Hoist, Manual Chain Block, Generators, Welding Machine, Welding Equipment, Measuring Equipment, PPE-Safety Equipments, and Fire Fighting.

62, Gomhuria St., Cairo - Egypt Tel. : (+2) 25915955 (+2)25919971 Fax : (+2) 259119934 Mob. : (+2) 01003449872 E-mail : mtsheid@link.net E-mail : info@mechanicaltoolsco.com E-mail : safety @mechanicaltoolsco.com

www.mechanicaltoolsco.com


Industrial Power Diesel or gas, 9kW to 30MW, bought, rented or paid for by kWh, we can provide your power solution. To locate your nearest distributor visit our website www.cumminspower.com

TM

Our energy working for you.

Autostrad Road, Mokattam, Cairo P.O.Box 33 El Kalaa

Tel. : +202 25061600/ 1/ 2/ 3 Ext. 181 Dir : +202 25090034 Fax : +202 25065620

Mob. : +2 012 23163266 E-mail: azanaty.cum@eim-eg.com E-mail: manany.cum@eim-eg.com



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