In The Name of God

National Iranian Oil Refining & Distribution Company

NIORDC
23 June 2009- Moscow

Irans Refinery Projects; A Hub of Opportunities

Ministry of Petroleum

National Iranian Oil Company

National Iranian Oil Refining & Distribution Company

National Petrochemical Company

National Iranian Gas Company

Subsidiary Companies
National Iranian Oil Refining & Distribution Company
National Iranian Oil Products Distribution
Oil Refining Industries Development

National Iranian Oil Pipeline and Telecommunication

National Iranian Oil Engineering and Construction

Bandar Abbas

Esfahan

Arak

Abadan

Lavan

Kermanshah

Shiraz

Tehran

Tabriz

Persian Gulf

Anahita

Caspian

Pars

Shahriyar

Khozestan

Hormuz

Existing Refineries
Tabriz

110
Kermanshah

Caspian Sea

25
Arak

Tehran

240 160
Esfahan Abadan

360
Shiraz

380 60
Refinery Operating Capacity kbpd Persian Gulf Lavan Bandar Abbas

30

320

Strategies
Employing advanced technologies to boost efficiency Expanding refining capacity to give addedvalue to our crude oil and to be self-sufficient in Gasoline production Upgrading the quality of products to meet new environment requirement

Strategies (cont.)
Growing presence in regional markets & collaborating with neighboring countries Attracting the participation of local and foreign private sectors in refining projects Expanding pipeline and storage networks to meet our import/export requirements

Refinery Projects
Gasoline Capacity Increase Projects Expansion & Upgrading of Existing Refineries Construction of New Refineries Pipeline Projects

Gasoline Capacity Increase Projects

Bandar Abbas Refinery Gasoline Production Increase Project

Location : Capacity increase: Feed: Total investment : Project status: Total progress : Production date :
Bandar Abbas , Hormuzgan Province From 65,415 to 95,000 Kharg Exported Heavy Crude Oil & Condensate 440 Million Under implementation 27 % 2011

Bandar Abbas Refinery Gasoline Production Increase Project

Products
.No Product Existing Capacity )MMLit/d( Future Capacity )MMLit/d(

1 2

Gasoline Sulfur

10 TPD 130

15 TPD 250

Licensors
Licensors Axens Prosernat )Unit (s HNHT , CCR , LNHT , ISOM , GOHT SRU

Abadan Refinery Cat Cracker Project

New units : Gasoline production growth: Propylene production Investment : Physical progress : Start up date : :
cat cracker, alkylation, lsomerization, sulphur, sulphuric acid recovery, amine, LPG treatment unit

6 MMLit/d 0.5 MMLit./d 466 million 74 % 2010

Tabriz Refinery Gasoline Production Upgrading Project

New units : Gasoline production growth: Investment : Latest status : Progress : Start up date :
heavy naphtha treatment, CRU , Benzene Extraction 1 MMLit/day 180 Million EPC Contract 33% 2010

Tehran Refinery Gasoline Production Increase Project

New units: Gasoline production growth: Investment: Latest status: Start up date : Physical Progress :
ight Naphtha treatment, isomerization MMLit/d

116 million

nder implementation

Esfahan Refinery Gasoline Production Increase Project

New units: Gasoline production growth: Investment : Start up date : Physical Progress :
314 Million &H naphtha treatment, CCR, isomerization, LPG Recovery

million liter/day

010

Expansion Upgrading of & Existing Refineries

Esfahan Refinery Process Improvement and Capacity Optimization Project

Location : Capacity : Feed: Total investment: Project status: Total progress : Production date :
2010 Esfahan , Esfahan Province 360,000 bpd Light Crude Oil of Maroon 2.7 Billion Under implementation 6%

Esfahan Refinery Process Improvement and Capacity Optimization Project

Products
.No Product Existing Capacity )(MMLit/d Future Capacity )(MMLit/d

1 2 3 4 5 6 7 8 9

LPG Propylene Gasoline PREM Gasoline REG Kerosene Gas oil Fuel oil Asphalt Sulfur

2 0 0 8 7 19 17 3 TPD 80

3 1 4 15 7 18 3 3 TPD 600

Esfahan Refinery Process Improvement and Capacity Optimization Project

Licensors
Licensors Linde Axens Technip KTI Topsoe Technip UOPL )Unit (s Hydrogen Plant RFCC Gasoline Treatment , NAPHTA HDT , HN CCR , RHU , RFCC Sulfur Recovery Unit Gas Oil HDT CDU LPG Merox , LN ISOMERIZATION

Abadan Refinery Upgrading Project

Location : Capacity : Feed: Total investment: Project status : Total progress : Production date :
Abadan , Khuzestan Province 210,000 bpd Crude of Ab- Taymoor , Ahwaz Bangestan , 2 Billion Basic Design 4% 2014

Abadan Refinery Upgrading Project

Licensors
Licensors Axens Haldor Topsoe Technip KTI )Unit (s NHT,CCR,Isomerization, Kerosene HDT , Gas Oil HDT VGO HDT, HC, H2 SRU + SSU + TGT

Abadan Refinery Upgrading Project

Products
.No 1 2 3 4 5 6 7 8 Product LPG Jet / Kerosene Gasoline Fuel oil Gas oil Naphtha Oil Lub Cut Sulfur Current Capacity )MMLit/d( 1.5 4 8 24 16 3 0.3 TPD 0 Future Capacity )MMLit/d( 2 8 13 9 19 3 1 TPD 360

Tehran Refinery Process Optimization and Products Quality Improvement Project

Location : Capacity : Feed: Tehran 240,000 bpd Crude of Maroon, Ab-Taymoor, Bangestan Ahwaz, Total investment: Project status: Total progress : Production date : 330 Million Under implementation 33 % 2010

Tehran Refinery Process Optimization and Products Quality Improvement Project

Licensors Axens Technip KTI

Tehran Refinery Process Optimization and Products Quality Improvement Project

Arak Refinery Expansion & Upgrading Project

Location : Capacity increase: Feed: Total investment: Project status : Total progress: Production date :
Arak , Central Province From 170,000 to 250,000 bpd A Blend of Ahwaz and Certain Iranian Mixed Crude Oil 2.4 Billion Under implementation 63 % 2010

Arak Refinery Expansion & Upgrading Project

Licensors
Licensors )RIPI (IRAN Axens Technip Benelux KTI UOPL )Unit (s ISOM NHT2 , OCT ,KHT , GHT , CGH HPU2 SRU2/TGT/ Solidification RCD , RFCC , LMRX , PRU

Arak Refinery Expansion & Upgrading Project

Products
.No 1 2 3 4 5 6 7 8 9 Product LPG Propylene Gasoline PREM Gasoline REG Kerosene Gas oil Fuel oil Asphalt Sulfur Existing Capacity )(MMLit/d 1 0 0 4 3 9 7 1 TPD 60 Future Capacity )(MMLit/d 4 1 4 12 5 9 3 1 TPD 650

Arak Refinery Expansion & Upgrading Project

Construction of New Refineries

New Grass-root Refineries

Shahriar Caspian

Anahita

Khuzestan Pars Hormuz Persian Gulf

Persian Gulf Refinery Project

Location : Capacity : Feed: Total investment : NIORDC share: Project status : Total progress : Production date :
Bandar Abbas , Hormuzgan Province 360,000 bpd South Pars Gas Condensate 2.4 Billion 40 % Under implementation 21% 2011

Persian Gulf Refinery Project

Licensors
Licensors UOP Axens Haldor Topsoe Technip KTI )Unit (s LPG Merox , ISOM NHT , CCR KHT , GOHT SRP

Persian Gulf Refinery Project

Products
.No 1 2 3 4 5 6 7 Product LPG Gasoline PREM Gasoline REG Jet fuel Gas oil Heavy diesel Sulfur )Capacity (MMLit/d 3 8 27 3 14 1 TPD 130

Pars Refinery Project

Location : Capacity : Feed: Total investment: NIORDC share : Project status:
Total progress : Production date : Shiraz , Fars Province 120,000 bpd South Pars Gas Condensate 950 Million 40 % Basic Design 6.2% 2011

Pars Refinery Project

Licensors
Licensors (RIPI (IRAN Topsoe UOP Axens KTI )Unit (s LPG Treating DHT, KHT ISOM NHT, CCR SRU

Pars Refinery Project

Products
.No Products Capacity )bpd(

1 2 3 4 5

Gasoline Gas oil Kerosene LPG Sulfur

11 5 1 1 TPD 62

Caspian Refinery Project

Location : Capacity : Feed: Total investment: NIORDC share : Project status: Total progress : Production date : North of Gorgan,Golestan province 300,000 bpd CIS mixed crude oil 3.8 billion 20 % Basic Design 2% 2013

Caspian Refinery Project

Products
.No 1 2 3 4 5 6 Product LPG gasoline kerosene gas oil propylene sulfur )Capacity (MMLit/d 3 14 11 18 TPD 230 TPD 260

Anahita Refinery Project

Location : Capacity : Feed: Total investment: NIORDC share: Project status : Total progress : Production date :
Kermanshah , Kermanshah Province 150 , 000 bpd Crude of North Dezful, Naft Shahr & Sarkan Maleh Kouh 2.1 Billion 20 % Basic Design 3% 2012

Anahita Refinery Project

Licensors
Licensors RIPI Technip KTI Haldor Topsoe UOP )Unit (s LPG SRU MDHT , HPU NHT , ISOM , HCU . CCR

Anahita Refinery Project

Products
.No 1 2 3 4 5 6 7 Product LPG Gasoline Kerosene Gas oil Fuel oil Bitumen Sulfur )Capacity (MMLit/d 1 7 5 9 3 1 TPD 288

Shahriar Refinery Project

Location : Capacity : Feed: Total investment : NIORDC share : Project status : Total progress : Production date : Tabriz in East Azerbaijan 150,000 bpd Crude of North Dezful, MarunShadegan & Kashegan 2.3 Billion 20 % Basic Design 3.1 % 2013

Shahriar Refinery Project

Licensors
Licensors (RIPI (IRAN Axens Holdar Topsoe Technip Benelux Technip KTI )Unit (s Gas Oil HDT FCC, NHT, CCR, Isomerization VGO HDT Hydrogen SRU

Shahriar Refinery Project

.No 1 2 3 4 5 6 7 Products Products Gasoline Gas oil Fuel oil LPG Propylene Asphalt Sulfur Capacity )MMLit/d( 11 12 2 1 0.4 1 TPD 360

Hormuz Refinery Project

Location : Capacity : Feed: Total investment: NIORDC share : Project status : Production date : Bandar Abbas ,hormuzgan Province 300,000 bpd Crude of Soroush / Nowruz /South Pars and Forouzan 4.2 Billion 20 % EPC contract awarded 2012

Project Total Progress : 4.2 %

Hormuz Refinery Project

Licensors
Licensors Axens SINOPEC KBC Linde UOP KTI )Unit (s HT, CCR, ISOM,DHDT, HCR, MHC,FCC Delayed Coker CDU, VDU, SGP H2 Plant Alkylation SRP

Hormuz Refinery Project

Products
.No 1 2 3 4 5 6 7 Product LPG Propylene Gasoline Jet fuels Gas oil Sulfur Coke )Capacity (MMLit/d 4 0.4 16 3 23 TPD 840 TPD 5,800

Khuzestan Extra Heavy Crude Oil Refinery Project

Location : Capacity : Feed: NIORDC share: Project status : Total progress : Production date :
Abadan , Khuzestan Province 180,000 bpd Crude of Azadegan, Yaadavaran & Jofeir 2.9 Billion 20 % Basic Design 2.3 % 2012

Total investment:

Khuzestan Extra Heavy Crude Oil Refinery Project

Licensors
Licensors (RIPI (IRAN Topsoe UOP KTI )Unit (s HRH GHDS, HCR , H2 Plant NHT,CCR&ISOM SR&TGT

Khuzestan Extra Heavy crude Oil Refinery Project

Products
.No 1 2 3 4 5 6 Products Gasoline Gas oil Kerosene Fuel oil LPG Sulfur Capacity )MMLit/d( 9 12 8 0.5 2 TPD 410

Pipeline Projects

Neka-Jask Pipeline Project

Neka Terminal

Summary of Key Points

1)Pipeline Design Capacity: 1mbpd 2)Feed Stock: Crude Oil, Caspian sea
littoral States.

3)Length of Pipeline : 1643 km. 4)Pipeline Diameter : 42, 48, 36 inches . 5)Pump Stations : 7 Units
Jask Terminal

Neka Jask Pipeline Route

Optimization of Selected Neka-Galugah-Jask Route Incorporating Practical Pipeline Sizes

Line Pipe Size 48" 42" 36"

Approximately K.P Range 264.7 1149) & (1270.6 1643.8) (0 264.7) 1149 1270.6

Total Length (km) 1257.5 266.7 121.6

NEKA Existing Facilities Existing Capacity: 370,000 bpsd

STORAGE AND UNLOADING FACILITIES CRUDE STORAGE TANKS BLENDING TANKS : 6* 28000 M3 : 3* 28000 M3

CRUDE OIL MARINE UNLOADING ARMS : 6NOS.

NEKA Existing Facilities (cont.)

Utility Steam :
Steam Generation System :2 Utility Boilers(2*10t/h) Electrical Power System : 2500KW (National Grid) Fire Water System

Auxiliary Systems :
Waste Water Treatment System Control System Fire Fighting System

Jask Terminal Phase-1 (SPM)

STORAGE CAPACITY: 10 MM BBLS

CAPACITY OF EACH SPM: 1.5 MM bpsd

Jask Terminal Phase-2 (Jetties)

Overseas Projects
Project Kedah Refinery Malaysia Johor Refinery Malaysia Bantan Refinery Indonesia Alfuroglus Syria
Capacity
)(kbpd Investment $ )Billion US(

Shareholders Percentage NIORDC: SKSC: 30% 70%

Status FEED BFS BFS

Feed by NIORDC )kbpd(

250 120 300

4.8 2.3 5.7

250 120 150

NIORDC: 30% Petrofield: 70% NIORDC: 40% Petrofield: 20% Pertamina: 40% NIORDC: PDVSA: Petrofield: MOPMAR: 26% 26% 26% 15%

140

2.6

BFS

28

Collaboration Schemes
Equity Contribution for New Grass-root Refinery Projects Project Financing Loan Facility Agreement Unincorporated Joint Venture Product Off-taking Agreement Strategic Partnership

Incentives & Risk Mitigations

5 % discount on feed stock Feed Stocks are Secured by Contract with NIOC Tax exemption and duty free for 8 years offered at free zones Off- take Purchasing Based on International Price are Secured by NIORDC All Projects Investment / Financing Arrangements will be Guaranteed by NIOC / NIORDC

Projects for JV & Financing

Project Location Capacity (kbpd) Investment Progress (Billion Euro)

Persian Gulf Refinery Hormuz Refinery Pars Condensate Refinery Anahita Refinery Caspian Refinery Khozestan Refinery Shahriar Refinery

Bandar Abas Bandar Abas Shiraz Kermanshah North of Iran Abadan Tabriz

360 300 120 150 300 180 150

3 4 1 2 4 2 2

21 4 6 3 2 2 3

Projects for Financing

Project Bandar Abbas Refinery Gasoline Production Increase Project Abadan Refinery Upgrading Project Tehran Refinery Process Optimization and Products Quality Improvement Project Investment 440 Million 2 Billion 330 Million progress % 27 %4 % 33

Esfahan Refinery Process Improvement 2.7Billion and Capacity Optimization Project Arak Refinery Expansion & Upgrading Project 2.4 Billion

%4

% 63

Thanks
For Your Attention