SAMIRS PROJECTS

27 March 2012 By Mr. Abdulrahman Al- Jushaah

Planning & Distribution Director

Strategic Positioning of SAMIR

SAMIR Strategic Role:

Moroccan Global Energy Demand

Provide continuous and permanent supply of all Petroleum Products for the Kingdom of Morocco Ensure strategic inventory Undertake all necessary investments to develop the refining industry and the logistic infrastructure for the supply in line with the guidance of sustainable development Contribute to Economic development and Human initiatives.
2010

3 4 10

Oil

GDP Consumption MTEP Production MTEP

*Source: MEM Annual report 2010

7% 16.1 1.1

Coal
Other

Positioning in the Regional Economy

SAMIR refinery is in top ten refineries of Southern Europe in terms of technological progress.

SAMIR is one of the most modernised refineries in Africa and oil-producing Arab countries, in term of technology for production of Gasoil 50ppm.
SAMIR occupies the third rank in Africa as classified by Jeune Afrique, after Sonatrach (Algeria) and Sonangol (Angola).

Position within Coral Corporation

Sheikh Mohammed Hussein Al Amoudi
100%

Medroc Group of Companies (Cyprus)

100%

Corral AB (Sweden) 67% 100%

SAMIR Morocco capacity 10 million tons per year

Sweden PREEM capacity 15 million tons per year

Group SAMIR - Morocco

Engineering And Configuration

LPG

Transportation Logistics And Storage

Refining

Distribution

ACAFE 100%

Salam Gaz 50%

TSPP 100%

Mohammedia 100%

SDCC 100%

Pegasus Eng 34%

Somas 38%

AFRIC BITUM 50%

Sidi Kacem (storage site) 100%

Business Model

Crude Oil Supply

Refining

Storage & Logistic

Marketing & Sales

Marine

Trading

Refining

Distributors National Market

Export

Market

Investment of 18.6 Billion Over 15 Years

Phase 1 2002-1997 Phase 2 2005-2003 Phase 3 2006-2004 Phase 4 2009-2006 Phase 5 2012-2009

Completion of the privatisation process integration of refineries Mohammedia, Sidi Kacem Modernisation of management and governance

Rehabilitation and modernisation of Mohammedia refinery after the floods that have defined the city of Mohammedia and the region in November 2002

Modernising the technology of control, guidance and safety Repair and restoration of tanks and modernise and develop the infrastructure facilities and logistics

Modernisation project Mohammedia refinery

Expansion of refining capacity, 4 + million tons per year Double the capacity of asphalt production to 560 thousand tons per year

1.2 Billion DH

1.4 Billion DH

1 Billion DH

13 Billion DH
Match the quality of products to the specifications of Euro4 Euro5 The first compound for refining in Africa and the Arab world

2 Billion DH
Meet the growing demand on the subjects: industrial fuel oil and asphalt at the request of ministries commandment

SAMIR the first company in Morocco achieved as a result more than one billion DH in the year 2000

Refinery upgrade according to the European standards in the field of safety and early marketing of 350 ppm

Increase the safety level of the process units

Key Events
1959: Creation of "SAMIR" by Morocco and the Italian office of fuel ENI
1997: Privatisation of "SAMIR" and conversion of 67% of the capital to "Corral. 1999: Merge of SAMIR and SCP September 2005: Commencement of Mohammedia refinery modernisation November 2008: Commencement of Topping 4 project to increase refining capacity

June 2009: Production of Gasoil 50 ppm

March 2010: Operation of the Hydrocracker July 2011: Production of Bitumen from the new unit of 280 K tons per year June 2012: Expected commissioning of Topping 4 unit (raising the national Refining capacity to 10 million tons per year or 200 thousand barrels per day).

2010 Indicators
Dirham
Turnover Value-added EBITDA Inventory Investment Total capital Long-term debt Short-term debt Net result Refining Sales in the national Market Export 37 billion 2.3 billion 2 billion 7.3 billion 0.9 billion 4.7 billion 4.5 billion 9.8 billion 836 million 6.5 million tons 6 million tons 0.7 million tons 75 2.26 6.2 5.4 20

Percentage %

2010 Sales
Global Sales 000 Tons
7000
6800 6600

Local sales

000 Tons

6 787 6 516

6400
6200 6000

707 814

Export

5800
5600 5400

6 080

Domestic Sales

5200
5000

5 702
2009 2010

HSE Performances
Health, Safety, Security & Environment
12 10 8 6 4 2 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Frequency Rate Refinery Target

Product Specifications
Gas oil: Euro 4 and 5 Gasoline: Euro 3

Emission Upgrade Unit

SO2 Emission Evolution
Evolution SO2 - T/J
93 73 68 63 32

Certifications
ISO 9001 (2000); ISO 14001 (2004);

Reduction - SO2%

ISO 17025 (2006);

56 39 43

53

50 46

OHSAS 18001 (2007); NM 00.5.801 (2009);

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27

2002

2006

2007

2008

2009

2010

2011

Current Configuration of SAMIR Refinery

Composite / Unit
Hydro skimming refinery Hydrocracker Complex Hydro treatment plant Hydrocraking Lubes Complex Bitumen Complex Cogeneration Plant Reverse Osmosis Unit Sour water treatment unit Storage Capacity Pipeline 14 (Mohammedia / Sidi Kacem) 55 000 bbl /d 36 000 bbl/d 120 000 tons 560 000 tons 40 MW 2 million cubic meters

Annual production capacity

10 million tons

1 million cubic meters

2 million tons 1.5 million tons Multiple

Pipes: Production sites, Tank Farm and port

Upgrade Project
Key Contributors
PMC/Feed: Foster Wheeler

Technology
Hydrocracker: Chevron

Key Units
VDU: 360m3/h

Detailed Engineering: Saipem

Construction: Tekfen Cogen Contractor: Litwin

Hydrotreater: UOP
Hydrogen: KTI Sulfur: Parsons DCS: Yokogawa

HCK: 239 m3/h

Distillate Hydrotreater: 364 m3/h Hydrogen production: 220 TPD Sulfur Recovery: 470 TPD Amine Regeneration: 382 m3/h Sour Water Stripper: 109 m3/h

Project Cost
Engineering services: 149 M Procurement: 410 M Construction: 262 M Commissioning services: 37 M Owner cost: 41 M Total: 899 M Budget over run: 35%

Commissioning
Phase 1: All units except VDU & HCK June 2009 Phase 2: All Complex March 2010 Schedule deviation: 15 months

New Configuration

Post Upgrade Yields

SAMIR will secure supplying of local market till 2025
Before Upgrade 3% 8% 40% 5% LPG Gasoline Jet Gasoil 27% After Upgrade

1%
7% 6%

36%
8%

Naphta Others

9% 50%

14

Bitumen Blowing Unit

Key Contributor
EPC :Porners

Technology

Key Units
Unit 16A - Bitumen Blowing:

Biturox Licence

800 TPD or 280 K tons /year Unit 84A - Bitumen Storage and Loading

Project Cost

Commissioning

BBU Unit

LSTK Contract : 21 M

All units: July 2011

Crude Distillation Unit n4 Project

Key Contributors
Detailed Engineering: Tecnicas & Reundas

Technology
Merichem:

Key Units
CDU 4: 4 million tons Merox kerosene unit: 600 000 Tons

Construction: Tekfen Revamping of LPG units

Project Cost
Engineering services: 23 M Procurement: 63 M

Expected Commissioning
All units: June 2012

Products of Topping 4 Units

LPG: 365 K tons /y Stabilised Naphtha: 617 K tons/y Kerosene : 600 K tons/ y

Construction: 44 M
Commissioning services: 3M Owner cost: 7 M Total: 140 M

Gasoil to Hydrotreater: 1 150 KT/Y

Atmospheric Residue: 1 268 K T/Y

Management Information System

SAMIR has strong Information technology accompanying the modernisation of the company:

SAP : 10 modules PI : Plant Information system LIMS: Laboratory Management system Sigma fine 4 EDMS & Technical EDMS

Operational Excellence
SAMIR singed a Technical Services Agreement (TSA) with Beicip Franlab to help increase its profitability and technical excellence. The following Work Orders will be completed in the next 3 years:

Technical assistance
3000

TSA cost and potential gain (2012 budget prices)

300 250 2500
Cost ink

Maximum & optimal HC feedstock Maximum jet fuel production Maximum LPG production H2 management Maximum diesel production Minimum Fuel oil Integration HC & lubes

2000
1500 1000

200
150 100

500
0 0 1 2 3 4 5 6 Month Cost WO1 Cost WO 2 to 8 Cost all WO 7 8 9 10 11 12

50
0

Gain WO 2 to 8

Gain in M$/y

Future Projects for SAMIR

1. Project to establish a company for distribution: waiting for the company's license from the Ministry of Energy, Mines and Water and the Environment since June 2011 2. Natural gas project: SAMIR is a strategic partner for the project as its natural gas consumption may range from 1 to 1.5 billion cubic meters. 3. Contributes to the establishment of the national network for the transfer of petroleum products through pipelines: Linking Mohammedia refinery with Mohammed V Airport. The project of building a regional third party storage Tensift Haouz Marrakech and Mohammedia refinery linked through a pipe.

Development of SAMIR Group

SAMIR is developing its partnership to reinforce and diversify the activities.

Transport & Storage of Petroleum Products : TSPP

Activities : SAMIR logistics
Transport of oil products, Operation and maintenance of pipeline 14, Transport of liquid sulphur by tracks, Development of pipeline networks, Development of oil storage and terminal in Morocco.

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Acadmie Africaine de lEnergie: ACAFE

SAMIR created the ACAFE with the support of the African Refiners Associations:

Reinforcement and corporation between the African Operators in energy and

refiners

Partners: IFP Training, Hassan II, IRA Africa university, Johannesburg, CNPP

university, Francis Lefebvre, ESSEC, HEC-Paris, ISCAE, Abidjan Management school,

Veolia Campus university, Alger university, Mohammedia school of engineers,

ENIM, Euro-Mediterranean Institute in Risk Sciences, Welding Institute of France.

Mission: Development of managerial and technical skills of National and African

refiners

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PSI Engineering S.A

Engineering company created in partnership between SAMIR and Pegasus TSA Inc (Pegasus TSI Inc is a private company in Floride, USA, and worldwide):

Projects of engineering, procurement, construction, management and commissioning

Support to SAMIR refinery and other activities in Morocco and its regions

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Afric Bitumes

Company created in partnership between SAMIR and a major operator in the bitumen sector :

Export of Bitumen, mainly to African countries Grasp opportunities and present interesting margins Establish regional storage mainly in West Africa

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Socit de Distribution Carburant et Combustibles - SDCC

SDCC created to develop down stream integration to reach end consumers and increase SAMIR competitiveness:

Ensure direct distribution Target the big consumers: ONE, RAM, OCP,...etc Increase revenues Develop smart synergies between SAMIR Subsidiaries (TSPP, SALAMGAZ, AFB..);

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Thank you for your attention

www.samir.ma