looking inverter 700000 bpd refinery in Morocco

Mr. XXXXXX as Executive Presiden XXXXX seeks the implementation of the design, construction and commissioning of an oil refinery in Morocco, located on Fés Country.

The main objective of this facility, it is to satisfy part of the national and international demand for refined products, almost entirely covered currently export
pathway (especially diesel, kerosene and to a lesser extent, petroleum coke ), giving proper effect to the product specifications that came into force in 2009.

This document, presented as a complement to the other documents comprising
the construction and commissioning of the refinery project, an economic valuation in constant prices of 2010. This assessment is an estimate, since it is based on average costs of the different units analyzed and should not be considered more in that sense a
first approximation to the actual cost of infrastructure.

The final design will incorporate Refinery necessary measures to ensure compliance with environmental requirements applicable to such installation.

The Refinery of Fes will have a nominal capacity of 700,000 barrels per day ofcrude oil for conversion, and 1,200,000 barrels / day for marketing (approximately95,800,000.00 tons / year of crude most other commodities), and will 33,992,636.36 tons / year of oil. When the installation is fully operational and in accordance with the provisions of international market development, the Refinery will be one of the largestand most productive refineries petroleum products. Of these, which will be generated inthe Refinery are in amount and percentage by weight, which includes the following table:

Product
AnnualQuantity
tm/año
% on WeightRegarding to theTotalLiquefied Petroleum Gases (LPG): 1,481,136.36 4.4%
Gasoline 7,187,409.09 21.1 %
Diesel 18,252,500 53.7 %
Kerosene 3,220,636.36 9.5 %
Coke 3,205,045.45 9.4 %
Sulfur 645,909.09 1.9 %

The crude refining is carried out in facilities specifically designed for maximum
performance in each of them, called units. The main facilities in the refinery design of the Refinery presented below are grouped, according to their function in the refinery:

.
Units of Process.

o
Coker Unit
o
Hydrocraker Unit
.
Auxiliaries Service
.
Correction of the Environmental Incident.
The facility layout is as follows:

Coker Unit:

.
Vacuum Unit
.
Coker Unit


Page 1of 5


.
Gas Concentration Section.

.
Olefinic LPG

.
Hydrotreating Butadiens

.
Coker Naphta Desulfurization

.
Desulfurization of Light Gas Oil Coker

.
Amines Reger

.
Sour Water Stripper

Hydrocraker Unit
 
Crude Unit
 
Hydrocraker
 
Isomerization
.
Concentration Section Gases and Naphta Splitter
.
Coaling Straight-run Diesel
.
Amines Reger
.
Sour Water Stripper

Auxiliary Units section, storage, infrastructure.
.
Sulfur Recovery Plant
.
Hydrogen Prodution Plant
.
Reformed
.
Traetment Plant wastewater
.
Storage Volumen
.
Infrastructure

Ambient air being the most affected by the activity of a refinery, there is total consensus in the industry about the existence of three broad lines of action:
.
Improved energy efficiency, which means less fuel burned.
.
Substitution of liquid fuels by gas desulfurization previously.
.
Implementation of an Environmental Management System international

recognition.

It is known that over 60% of air emissions are caused by the fuel used in furnaces and boilers. As pointed out the "Guide to the Best Available Techniques in the petroleum
refining sector, "the best solution to reduce the impact on the atmosphere, is to reduce energy consumption.

The design and construction of Storage Terminal shall be made in compliance with existing regulations and technical instructions in the art, and include the following
facilities:
.
Storage Tanks
Be installed crude and gasoline tanks, bunds distributed security.
.
Pumping station.
The pumping station will consist of office equipment for the oil to refineries. Also, will
the pumping equipment for the dispatch of fuel to vessels, as well as all the
instrumentation, pipeline and associated equipment maintenance.
.
Ancillary facilities.

Page 2of 5

The storage terminal will have all the facilities needed to develop the operational
activities of the same: control room, warehouse, laboratory, locker rooms, parking,
etc.
.
Water treatment plant.

The storage terminal will have a water treatment plant oily. .
Drain the oil storage tanks:Carries crude from home a lot of water and solid materials Such as sand and mud.
These Are segregated in storage tanks by Decanting, and Are drained for Treatment..
Contaminated rainwater:
Rainwater likely to have suffered some contamination with hydrocarbons, for example within the basin. The treated water will be driven to the point of discharge through a pipe which tends in parallel with the pipeline of export. Inside of the Storage
will provide for a flow meter and a sampling point (point of discharge) for the monitoring of water discharges oily and treated. .
Ancillary services. .
Electricity. It provides an electrical substation to be located in the storage yard.

The design of the electrical substation will serve the existing regulation of electrical installations. .
Steam. The viscosity of the crude to be processed by the refinery does not require heating needs. .
Waters. The potable water supply Industrial Estate will provide the requirementsthat are the same.
 
Fire system Allow flow to provide five hours of technical instruction set in the application. It
will also be considered the possibility of using salt water fire fighting water when raw water reserve is gone.
.
Security area.
In the design of the storage plant shall include all requirements listed in the manual application techniques.
.
Storage Park will therefore origin and destination respectively of five differentlines.

The pipes that leave the park are:
.
The crude oil pipeline leading to the refinery .
The pipeline that transfers the products to the shipping facilities. .
Driving for the disposal of treated effluent in the Park, for its part, the pipes that

come to the park are:

o
The pipeline coming from the discharge of oil installations made from oiltanker shipper
o
The export pipeline from the refinery products.
Environmental Impact Study will consider a complete analysis of the impact ofthese facilities on the environment that welcomes them.

Page 3of 5

The total estimated cost of investment under the above conditions, is structured as follows:

Refinery Project and oil extraction
Civil Work 7.350.000.000 USD
Mechanical Work 8.526.000.000 USD
Engineering 1.176.000.000 USD
Permissions 588.000.000 USD
Materials 1.470.000.000 USD
Equipment and Storage 14.698.149.346 USD
Total 33.808.149.346 USD
Total investment for both projects: 33.808.149.346 USD
This value is estimated in the budget for the project will be an exact value.
The Refinery of Fes will have a significant thermal and electrical consumption. Inthe Basic Engineering phase will study the various options to produce heat and electricitymore efficiently, such as cogeneration, in order to determine the final scheme to supplysteam and electricity for future refinery.
This project will provide numerous opportunities for Morocco to develop new skillsand grow as an organization. For example, the project will need to develop working relationships with management companies in Engineering Projects.
The project will bring benefits to the people of Morocco. The local economy willbenefit from additional jobs both direct and indirect, especially during the construction period, so that will result, better economic opportunities for the country. In addition, localbusinesses provide goods and services to the refinery during the construction phase and
operations and providing economic opportunities to many people.
Additionally, there are other general benefits to the country: The refinery willproduce transportation fuels low sulfur content. This will create a positive impact on air quality of the environment because trucks and automobiles will be using better qualityfuel. This is a benefit that is above any improvement resulting from better pollution control measures in the refinery itself. The proposed measures are designed to meet or exceed
international standards.
When considering the effects of the expansion in air, water, gas emissions, air
emissions, solid waste, you can see that there are important issues to be embroidered on the project. The treatment plant wastewater use the best available control technology.
One of the biggest burdens on the local economy will be the flow of construction workers, who need housing, sanitation and temporary power.
Page 4of 5


The Construction of the refinery will require significant investment in time, technology and resources. This project will allow the refinery to comply with
environmental standards, while getting a very attractive economic returns and fast.Moreover the refinery will create significant value as a company and the citizens for many years in the future.

Jose Manuel Serra ForcadaLuis Gutierrez Moreno
Doctor Surgeon Industrial Engineer

Page 5of 5