PROJECT PROFILE SUMMARY SHEET

Transcription

1 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Base Oil 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: Base Oil 4. Location: Free Zone Economic Special Zone Industrial State Main Land khuzestan 5. Project description : Base oil is general base for most lubricant oil like white oil, transformer oil, automobile oil, industrial oil, etc. The main raw material for base oil is lubcut which is produced in refineries. 6. Annual capacity: tons 7. Local / internal raw: 100% 8. Anticipated sell in foreign markets: Construction Period : 3YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

2 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 44 million euro Value of local equipment/machinery 23 million euro Value of foreign technical know how 10 million euro Value of local technical know how 20million euro Net Present Value (NPV) million euro for 0Year Internal Rate of Return (IRR) 31 % Pay backperiod (PP) 3.5 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : Industrial Development & Renovation Organisation Company Name: Industrial Development & Renovation Organisation Address : Vali e Asr Building, Jam e Jam St., Vali e Asr Ave, Tehran, Iran Tel: Fax: info@imdro.org Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

3 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Shahryar Oil Refinery Project 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: vehicle gasoline,aircraft gasoline,kerosene,gasoil 4. Location: Free Zone Economic Special Zone Industrial State Main Land east azarbayjan 5. Project description : Shahriar Oil Refinery: Shahriar Oil Refinery is to be located in Iran East, Azerbaijan province, near town of Tabriz, in a 200 hectare area. The refining capacity is 158,000 bbl/day (acc. to EUROV standard ) and it is intended to produce over 7,000,000 tons of gasoline (aircraft and normal), kerosene and gasoil. The feedstock, raw crude oil, is transferred to the refinery via three different pipelines, with total flow rate of 54,000,000 bbl/year, one from North 25% the second from North Dezful Maroon (25%) and the third from Kashgan of Kazakhstan (50%). The selection of this combination of feedstocks has been done among many alternatives between North Dezful, Maroon and Kashgan crude oils based on results of software PETROSIM, sample crude oil cuts and information from licensors. The refinery is intended to add to the capacity of seven similar refineries now in line to reply the increasing demand for gasoline and other petroleum based products to reduce the need for import in near future. The Project : The project basic design was performed by Nargan of Iran and KBC of England with utilization of Axens' of France, Topsoe of Denmark, TechnipKTI of Italy and RIPI of Iran as licensors. The Refinery products The goal from implementation of this project is to produce the following products out of 54,000,000 tons of raw petroleum feedstock: 1,825,000 tons of vehicle gasoline 900,000 tons of aircraft gasoline 1,000,000 tons of kerosene 3,500,000 tons of gasoil 6. Annual capacity: 158,000 bbl/day 7. Local / internal raw: 54,000,000 bbl/year% 8. Anticipated sell in foreign markets: 4050% 9. Construction Period : 4YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

4 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 2420 million euro Value of local equipment/machinery 3797 million euro Value of foreign technical know how 1 million euro Value of local technical know how 1million euro Net Present Value (NPV) 3000 million euro for 5Year Internal Rate of Return (IRR) 20 % Pay backperiod (PP) 5.1 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : Mr.Mehdi Shad Company Name: Alborz Industrial Development Investment Co. Address : No 85 Shariati St. Khaje Abdolah Ansari Ave. Tel: Fax: info@aidigroup.com Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

5 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : PERSIAN GUIF GAS CONDENSATE REFINERY 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: LPG, CASOLIM,JET FUEL A1,GAS OIL,HEAVY GAS OIL, 4. Location: Free Zone Economic Special Zone Industrial State Main Land KHALIJ FARS 5. Project description : THIS REFINERY IS LOCATED TO THE EXISTING CRUDE REFINERY. 6. Annual capacity: 360/000 BARRAL PER DAY (BPD) 7. Local / internal raw: 0% 8. Anticipated sell in foreign markets: 0 9. Construction Period : 0YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

6 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 1143 million euro Value of local equipment/machinery 381 million euro Value of foreign technical know how 117 million euro Value of local technical know how 145million euro Net Present Value (NPV) million euro for 25Year Internal Rate of Return (IRR) 19 % Pay backperiod (PP) 0 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : PERSIM GULF STAR OIL COMPANI Company Name: ESTABLISHMENT OF GAS CONDENSATE REFINERY Address : NO.30,EAST ROODSAR AVE,TALEGHANI AVE,TEHRAN,IRAN Tel: Fax: Web site: / Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

7 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : KHUZESTAN EXTRA HEAVY CRUDE OIL REFINERY 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: LPG, CASOLIM,JET FUEL A1,GAS OIL,HEAVY GAS OIL, 4. Location: Free Zone Economic Special Zone Industrial State Main Land hormozgan 5. Project description : THIS REFINERY IS LOCATED IN NORTH OF ABADAN 6. Annual capacity: 180/000 BARREL PER DAY 7. Local / internal raw: 0% 8. Anticipated sell in foreign markets: 0 9. Construction Period : 0YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

8 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 0 million euro Value of local equipment/machinery 0 million euro Value of foreign technical know how 17 million euro Value of local technical know how 6million euro Net Present Value (NPV) 8836 million euro for 25Year Internal Rate of Return (IRR) 23 % Pay backperiod (PP) 0 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : MR.M.ZALI Company Name: FINALIZING BASIC ENGINEERINGPACKAGE Address : 7TH FLOOR,NO.1,OSTADNEJATOLLAHI ST.,ENGHELAB Tel: Fax: Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

9 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : ANAHITA OIL REFINERY 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: LPG,GASOLINE (90 &95 RON) 4. Location: Free Zone Economic Special Zone Industrial State Main Land KERMANSHAH 5. Project description : GRASSROOTS CRUDE OIL REFINERY IN KERMANSHAH. 6. Annual capacity: 150/000 BARREL PER DAY 7. Local / internal raw: 0% 8. Anticipated sell in foreign markets: 0 9. Construction Period : 0YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

10 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 1100 million euro Value of local equipment/machinery 100 million euro Value of foreign technical know how 10 million euro Value of local technical know how 0million euro Net Present Value (NPV) 1.21 million euro for 25Year Internal Rate of Return (IRR) 18 % Pay backperiod (PP) 16 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : MR.SHAHROKH DARVISH Company Name: SITE &FEED PREPARATION Address : NO.12,ST 3,GANDI AVE,TEHRAN,IRAN Tel: Fax: Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

11 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : LIGHT CRUDE OIL REFINERY PROJECT 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: OIL REFINERY 4. Location: Free Zone Economic Special Zone Industrial State Main Land hormozgan 5. Project description : QESHMS DEVELOPED INFRASTRUCTURE AND GEOPILITICAL HAVE PROVIDED 6. Annual capacity: b p d 7. Local / internal raw: 100% 8. Anticipated sell in foreign markets: Construction Period : 0YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

12 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery million euro Value of local equipment/machinery 0 million euro Value of foreign technical know how 0 million euro Value of local technical know how 0million euro Net Present Value (NPV) 0 million euro for 0Year Internal Rate of Return (IRR) 18 % Pay backperiod (PP) 3.5 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : FOAD SHAKOURI INVESTMENT MANAGMENT Company Name: Qeshm free area organization Address : floor 2 investment management central offic of qeshm free area organization beside of pardis complexqeshm island IRAN Tel: Fax: Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

13 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Lube Oil Plant 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: Base Oils GII/GIII,LPG,Naphtha,Gasoil,Gasoline,Ker 4. Location: Free Zone Economic Special Zone Industrial State Main Land east azarbayjan 5. Project description : Establishing a new Lube Plant employing most recent technology to produce base oil GroupII/III for the first time in Iran, to be capable of making high tech lubricants for new automotives as well as industrial lubricants. The mentioned plant will also produce by products same as ; LPG,Naphtha,Gas oil,gasoline,kerosein,parafin Waxes. 6. Annual capacity: BPSD Based on feed 7. Local / internal raw: 100%% 8. Anticipated sell in foreign markets: 30% 9. Construction Period : 4YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

14 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery million euro Value of local equipment/machinery 218 million euro Value of foreign technical know how 3.35 million euro Value of local technical know how 0million euro Net Present Value (NPV) 800 million euro for 15Year Internal Rate of Return (IRR) 23 % Pay backperiod (PP) 3.5 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : Mahmod Ghanbari Shamsabad Company Name: Azarsun Shetab Co. Address : No.47,Dastgerdi St.Shariati Ave,TehranIran Tel: Fax: ghanbari@azarsunco.com Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

15 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Condensate Refinery Project 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: gasoline, jet fuel, fuel gas and LPG 4. Location: Free Zone Economic Special Zone Industrial State Main Land qeshm 5. Project description : Qeshm s developed infrastructure and geopolitical location have provided an excellent situation for developing oil and gas opportunities. In this regard, a condensate refinery which can produce high level value added products is investigated 6. Annual capacity: 120,000 bpd 7. Local / internal raw: 100% 8. Anticipated sell in foreign markets: Construction Period : 0YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

16 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 462 million euro Value of local equipment/machinery 0 million euro Value of foreign technical know how 0 million euro Value of local technical know how 0million euro Net Present Value (NPV) 0 million euro for 0Year Internal Rate of Return (IRR) 20 % Pay backperiod (PP) 4 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : Foad Shakouri Investment Managment Company Name: Qeshm Free Area Organization Address : Floor 2 Investment Management Central Office of Qeshm Free Area Organization Beside of Pardis Complex Qeshm Island Iran Tel: Fax: Investment@qeshm.ir Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

17 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Light Crude Oil Refinery Project 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: Oil Refinery 4. Location: Free Zone Economic Special Zone Industrial State Main Land qeshm 5. Project description : Qeshm s developed infrastructure and geopolitical location have provided an excellent situation for developing oil and gas opportunities. In addition, enhancing trend of petroleum products consumption and the essential equilibrium between supply and demand for keeping the price were convincing reasons to investigate a light crude oil refinery in Qeshm island 6. Annual capacity: 120,000 bpd 7. Local / internal raw: 100% 8. Anticipated sell in foreign markets: Construction Period : 5YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

18 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery million euro Value of local equipment/machinery 0 million euro Value of foreign technical know how 0 million euro Value of local technical know how 0million euro Net Present Value (NPV) 0 million euro for 0Year Internal Rate of Return (IRR) 18 % Pay backperiod (PP) 3.5 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : Foad Shakouri Investment Managment Company Name: Qeshm Free Area Organization Address : Floor 2 Investment Management Central Office of Qeshm Free Area Organization Beside of Pardis Complex Qeshm Island Iran Tel: Fax: Investment@qeshm.ir Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

19 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Gheshm naftenik gas condensate refinery 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: LPGRon 90 Gasoline Jet A1Diesel 4. Location: Free Zone Economic Special Zone Industrial State Main Land Tehran 5. Project description : In this project they will produce bbl/day after that they will extended it up to bbl/day 6. Annual capacity: bbl/day 7. Local / internal raw: 99%% 8. Anticipated sell in foreign markets: 20% 9. Construction Period : 6YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

20 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 28 million euro Value of local equipment/machinery 75 million euro Value of foreign technical know how 40 million euro Value of local technical know how 0million euro Net Present Value (NPV) 318 million euro for 15Year Internal Rate of Return (IRR) 0 % Pay backperiod (PP) 0 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : Gheshm naftenik gas condensate refinery Company Name: Address : TehranKhoramshahr St.No.114 Tel: Fax: info@togico.com Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

21 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Persian Gulf star gas condensate refinery 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: LPG Gasoline (Ron 90, 95)DieselHDieselJet Fuel 4. Location: Free Zone Economic Special Zone Industrial State Main Land hormozgan 5. Project description : Build one refinery in Bandar abbas to produce maximum light distillate product 6. Annual capacity: bbl/ per day 7. Local / internal raw: 99% 8. Anticipated sell in foreign markets: 20% 9. Construction Period : 6YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

22 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 851 million euro Value of local equipment/machinery 174 million euro Value of foreign technical know how 117 million euro Value of local technical know how 141million euro Net Present Value (NPV) 2713 million euro for 25Year Internal Rate of Return (IRR) 23 % Pay backperiod (PP) 4 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : Persian Gulf star gas condensate refinery Company Name: oil and gas refinery Address : Hafez Ave west rodsar St No.30 Tel: Fax: info@togico.com Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

23 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Construction pars gas condensate refinery 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: gasoline,kerosene,gas oil,heavy gas oil,sulfur 4. Location: Free Zone Economic Special Zone Industrial State Main Land shiraz 5. Project description : according to feasibility study, the construction of pars refinery with the capacity of bpd with the construction of 18"gas condensate pipeline with 430km length, from Assaluyeh to shiraz has been approved by the NIORDC board of directors the project is planned to be funded through Joint Venture Agreement between NIORDC, Iranian private section and foreign partner.the following conditions describe the main characteristics of the refinery:a) The new refinery is considered independent. b) The current gas oil and kerosene from existing refinery will be imported to new refinery to improve quality. 1based on feasiblity study results,market predictiction as a whole which price is based on FOB ( PERSIAN GULF )and it is not divide in two market as local or foreign 2part of Agreement with local / foreign contractor(s) concluded 6. Annual capacity: bpd 7. Local / internal raw: 100%% 8. Anticipated sell in foreign markets: 0 9. Construction Period : 0YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

24 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 17 million euro Value of local equipment/machinery 0 million euro Value of foreign technical know how 0 million euro Value of local technical know how 0million euro Net Present Value (NPV) 494 million euro for 25Year Internal Rate of Return (IRR) 0 % Pay backperiod (PP) 0 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : pars petrofield refining company Company Name: company Address : first floor Sepahan buildingahmad Gheisar intersection,beheshti ave Tel: Fax: yzarchi@pprefc.ir Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :

25 PROJECT PROFILE SUMMARY SHEET Project Introduction Project Code : Project Title : Construction of Persian Gulf gas condensate refinery 2. Sector : Oil & Gas Sub Sector : Oil & Gas 3. Products/Services: LPG,GASOLINE,KEROSENE,GAS OIL,HEAVY GAS OIL,SULFUR 4. Location: Free Zone Economic Special Zone Industrial State Main Land hormozgan 5. Project description : according to feasibility study,the construction of Persian gulf refinery with the capacity of bpd with the construction of 36"feed pipeline with 420km length,from Assaluyeh to Bandar Abbas has been approved by the NIORDC board of directors the project is planned to be funded through Joint Venture Agreement between NIORDC, Iranian private section and foreign partner.the objective of the project is to maximize gasoline so the hydro skimming scheme is the choice in which upgraded RON of gasoline. The finish product of gas condensate (feed) is to meet the Euro 2009specification 1as the figure of equipment is not determined based on foreign and local so we figured it ou zero. 2market is not divided into local and foreign because in feasibility study we mentioned market as a whole which price is FOB in Persian Gulf 6. Annual capacity: BPD 7. Local / internal raw: 100%% 8. Anticipated sell in foreign markets: 0 9. Construction Period : 0YEAR 10 Feasibility study available? Yes No Required land provided? Yes No Legal permissions (establishment license, foreign currency quota, environment, etc) taken? Yes No Partnership agreement concluded with local/foreign investor? Yes No Financing agreement concluded? Yes No Agreement with local / foreign contractor(s) concluded? Yes No Infrastructural utilities (electricity, water supply, telecommunication, fuel, road, etc) procured? Yes No List of Know How Yes No Purchase agreement for machinery, equipments and know Yes No

26 Financial Structure 11.» Financial Table Local Currency Required Description Million Rials Rate Equivalent (Million Euro) Foreign Currency Required ( Million Euro) Total Million Euro Fix Capital Working Capital Total Investment Value of foreign equipment/machinery 0 million euro Value of local equipment/machinery 0 million euro Value of foreign technical know how 0 million euro Value of local technical know how 0million euro Net Present Value (NPV) 926 million euro for 25Year Internal Rate of Return (IRR) 20 % Pay backperiod (PP) 0 Year(s) General Information 12. Mode of Financing /Investment: Finance Investment 13. Project Type : Establishment Expansion and completion 14. Company Profile : Name (legal /natural persons) : persian gulf star company Company Name: COMPANY Address : No30,western of Roadsar street,hafez ave,talaghani ave Tel: Fax: Info@pgsoc.ir Web site: Local entrepreneur : private sector public sector other Please attach follow document if available Per feasibility study: Per feasibility study Feasibility study Legal permissions(establishment license, Ministry of Economic Affairs and Finance Organization for Investment Economic and Technical Assistance of Iran (OIETAI) Foreign Investment Center Tel : Fax : Website :