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USED OIL REFINERY FOR SALE AND RELOCATION Price on request

JV-Team for Planning, Construction, Service, Trading in the Energy Business

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

HISTORY oft he Hydroskimming Refinery

1969 1975 1990 1997 1999 2005 Feedstok Location

Construction Shut down and mothballed Main Revamp Change of Ownership Second Revamp and Extension (Pre-Flash Tower) Shut Down and Preservation under Nitrogen Atm. SWEET NORTH SEA CRUDE OIL (Forties, Oselberg, Ekofisk, etc.) Europe

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

Product Yields / Specifications with 2 North Sea Crude Oil Types (Brent)

Products Cap.Mt/a x 1000 Oseberg Crude Oil

Cap.Mt/a x 1000 Forties Crude Oil

Product Specification

H2 10 12 Refinery Spec.

Refinery Gas 50 82 Refinery Spec.

LPG Feed 83 84 Refinery Spec.

Light Virgin Naphtha 215 280 Refinery Spec. (IBP 30 C-FBP 90 C)

Reformate 300 365 Refinery Spec. (IBP 30 C-FBP 185 C)

Kerosene 350 315 EN 589 Gasolin 650 585 EN 589

Heavy Distillate 240 300 Refinery Spec. (IBP 375 C-FBP 400 C

Atmos Residue 625 445 Refinery Spec. ( +400 C)

OVERVIEW MAIN UNITS

Construction Date

Unit Capacity Remarks Technology Supplier

1969 � Atmospheric

Crude Distiller 65.000 pbsd 8500 mt / d

Revamped ioct/nov 1999 Original capacity 40.000 bpsd

LUMMUS

1969 � Naphtha Hydrotreater/Splitter

22.500 bpsd 2500 mt/d

High cutpoint heavy naphtha to exclude benzene precursors from the platformer feed

LUMMUS

1969 � Platformer (Semi Reg.)

11.500 bpsd 1400 mt/d

Capacity limited by low heavy naphtha yield of the naphtha splitter

LUMMUS

1960 � Distillato Hydrotreater

12.500 bpsd 1700 mt/d

Kero and gasoil treated in blocked operation, no ULSD production

SOLEMCA

1961 � LPG Recovery

TECHNIP

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

OVERVIEW MAIN UNITS

Unit Capacity Remarks

� ATMOSPHEREIC CRUD DISTILLER 65.000 BPSd 8500 mt/d

Revamped in oct/nov. 1999 Original capacity 40,000 BPSD

� NAPHTHA HYDROTREATER/SPLITTER

22.500 BPSD 2500 mt/d

High cutpoint heavy naphtha to exclude benzene precursors from the platformer fecd

� PLATFORMER (SEMI REG.) 11.500 BPSD 1400 mt/d

Capacity limited by low heavy naphtha yield of the naphtha splitter

� DISTILLATE HYDROTREATER 12.500 BPSD

Kero and gasoil treated in blocked operation, no ULSD produktion

STRICTLY CONFIDENTIAL Location the Refinery currently enjoys contracts with several strategic parties, including Butagaz (LPG) Shell (gasoline, diesel, intermediates and bitumens) and BASF (naphtha for petrochemical feed). Additional contracts exist with local marketers, commercial users, hypermarkets and other major oil companies who have marketing activities in the region. Most of the term contracts expire in 2010, providing an opportunity for a potential new owner to assess commercial alternatives. Location the Refinery is currently undergoing its most significant maintenance and revamping in many years. Over the period from Q2 2008 until end of August 2010, the program will result in an investment of $111.5m. The investment will increase reliability, reduce maintenance costs, and implement improvements in key refinery units that will improve yields and processing capability. It will also provide the foundation for additional investment opportunities that could further enhance profitability. These investment opportunities are discussed in more detail in Section V. Following the completion of this turnaround program, the next turnaround will not be required for five to xix years. B. Process & Unit Description The Refinery has 12 main units that provide operating flexibility and allow secondary processing of all atmospheric cuts in a range of operating modes. An overview of the Refinery’s main units is detailed below in Table 13. Refinery complexity index is 7.7

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

Capacity of Main Units (capacities in b/sd unless otherwise stated)

Capacity Original Construction

Major Revamp

Design Unit Description

Atomospheric Crude Distillation

84,800 1963 Shell Single train unit with heat recovery

Vacuum Distillation

50,600 1983 Shell High vacuum unit; revamp planned to increase lift by going to damp operation

Visbreaking Distillation

11,900 1963 2005 Shell Soaker-type unit integrated combi-tower and fractionators with thermal cracker

Termal Cracking

8,800 1963 2005 Shell High conversion thermal cracker

Catalytic Reforming

15,800 1983 Planned June 2010

Shell Side-by-side reactor/regenerator with Shell tertiary separator and power recovery turbine; planned revamp in June 2010 to install latest feed injection nozzle techno-logy, short contact riser + termination device and high efficiency stripper allowing increased resid-cracking and improved yields

Catalytic Reforming

16,900 1963 UOP 3 reactor semi-regeneration unit

Hydrogen Purification, knm³/d

286 1986 Linde

Desulphurisation and Treating

50,500 1963 1986 Shell 27,000 bpd full range naphtha desulphurisation; 23,500 bpd distillate desulphurisation; second reactor added in 1086, additional revamp planned for 2011

Sulphur Recovery Unit, MT/d

108 1963 Planned 2011

Comprimo Two-stage Claus sulphur recovery; planned revamp using Lurgi sub-dewpoint Claus design, to be accomplished in 2011, will achieve 99,4% recovery

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

STRICTLY CONFIDENTIAL

The single train crude and vacuum distillation units can process a wide variety of crude oils. Sweet and sour crude oils are processed in a block operation primarily dictated bitumen production. The unit has sufficient metallurgy to process acidic crude oils and other challenging crude oils like CPC. The high vacuum unit recovers gas oils from the long atmospheric residue and the residue is either further processed in the visbreaker for heavy fuels production or routed to bitumen blending. The vacuum residue processed in the visbreaker is routed to either heavy fuel oil or used to produce the harder grades of bitumen. The visbreaker allows the Refinery to reduce the production of heavy fuel oil and broaden the types of crude oils that can be used to produce bitumen. All naphthas from the atmospheric distillation unit are desulphurised in the 27,000 bpd naphtha treater. After fractionation, the light virgin naphtha (LVN) is either blended to finished gasoline or sold as petrochemical feedstock. The heavy naphtha fraction is further processed in the catalytic reforming init (Platformer). The reformate product is either blended into finished or sold as petrochemical feedstock, typically for aromatics production. Simplified Flow Diagram

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

A single medium pressure distillation hydrodesulphuriser treats kerosene, straigkt-run and cracked gas oils (from catalytic and thermal cracking inits as well as visbreaker) to produce finished diesel and heating oils. Location of the refinery has a unique flexibility in the conversion of gas oils with both a fluid catalytic cracking unit (FCC) as well as a thermal cracking unit (integrated with the residue visbreaker). The FCC processes straight-run and vacuum gas oils to produce LPG, gasoline, distillates and a small amount of heavy fuel oil. In the current configuration the FCC processes some vacuum residue from sweet crude oils and the planned revamp in June 2010 will expand this capability. The thermal cracker processes primarily vacuum gas oils producing mostly distillation; unconverted material is routed to the visbreaker for further processing.

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION

65,000 bpsd USED OIL REFINERY FOR SALE AND RELOCATION