BizBahrain Magazine Nov-Dec 2017

Interview | Licorne Energy
experience in Bahrain since now nearly
10 years, this US corporation rely on me
to identify and introduce them potential
local partners to invest in.
Moreover, we have also an advance
relation with several Houston oil & gas
banks and final coal funds which would
be more than welcome to study Bahrain
and Saudi Arabia oil & gas projects for
investments, M & A, credit lines, etc.
This is our added value and we hope
the contribution we could add to local oil
& gas industries.
What are the risks and challenges to
growing volumes and margins of the
O&G trading business?
The risks are usually based on the
volume of the trade and the hedging
of the contracts which extend to the
bank supports extra credit lines as well
as capacities of ou usual clients in the
trading part to absorb the quantities
provided by GCC refineries.
Actually and exclusively through
our trading department, GCC is a
buyer market where we tend to acquire
products from local refineries to export
to our clients in Africa and Asia for most
of them.
What do you see as the next big energy
challenges?
If you have a quick look in the
last four weeks, oil prices increased
drastically to reach nearly 55$ per barrel
of WTI with tends to be very profitable
for USA shale gas coupled with US bank
support for local producers as well as
new technologies optimizing the cost of
production.
This is might tempt US producers
to restart drilling and extracting and
could overflow again the market and
contribute to the slump of oil prices
while at the same time OPEC members
tempt to reduce their productions to
preserve their market share.
Keep in mid also that several non-
OPEC low producers such as African
or South American countries get their
economy shrinking if its not dying
because of the lo oil price.
This could by extension create social
and economical problems, riots and
destabilization, etc.
For that reason, as experts in
royalties sales Licorne Energy and
Flamnigo Oil are really for a balance of
price where an average between 50-60
dollars per barrel would be beneficial for
all industries as well as all consumers
and government. Below this price
its killing the industry and above
the consumer and especially non-oil
countries face difficulties.
www.licorne-energy.com
www.flamingointl.com
Alexandre Katrangi, a French businessman present in the Gulf Saudi Arabia
and Bahrain for the last past 15 years and reputed for his international business
development & investment strategy for several member of the Saudi Royal
family and Forbes Fortune private families from UAE is among the founding
partners of Licorne Energy.
Olga Seelig, Former Judge at the Texas Court and Senior lawyer specialized in
international investments of large US conglomerates is also a founding member
of Licorne Energy
Jaime Castilla, Chairman & CEO of Flamingo Intl / is co-Founder of Flamingo
Oil - 32 Years of Experience in Upstream and Services business in Oil & Gas
Successful entrepreneurship who has built Flamingo Oil a production services
and EPC company in Colombia & Texas
56 November-December 2017