Oman Oil Company S.A.O.C

Investing for the future of Oman

Oman Investment Forum Tokyo, Japan 23-24 Oct 2014

Oman Oil Company S.A.O.C. (OOC) is a commercial company wholly owned by the Government of the Sultanate of Oman.

About us

The Company was incorporated in 1996, to invest in the energy and

energy-related sectors both locally and internationally.

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Oman Oil Company plays a pivotal role in the country's efforts to diversify the economy and to promote Omani and foreign private sector investment.

Our founding pillars

Develop and invest in profitable businesses within Oman and internationally

Maximise value from Oman’s resources

Create meaningful employment within Oman

Grow talent – business leaders and professionals

Investing Maximise Create Unleash

One purpose

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OOC’s Mission To develop and invest in profitable businesses with sustainable competitive advantage in the wider energy sector, in Oman and the world, thereby maximising value from the Omani resources entrusted to OOC, creating meaningful employment and fostering talent growth and business leadership in Oman

Our Mission & Vision

OOC’s Vision To be a significant part of a strong and integrated economy in Oman,

diversified both across industry sectors and geographically

(domestically and internationally), which makes optimal use of Oman’s

natural resources, workforce and geostrategic location.

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Our business is streamlined along 3 Strategic Business Units (SBUs) and the management team prides itself with a rich and diverse set of skills and experiences.

One team

Refining &

Marketing Finance and

Accounting

Legal

Corporate Affairs

Corporate

Sustainability

Research &

Development Risk Management

Chief Executive Officer

Vice President

Upstream

Businesses

Vice President

Downstream

Businesses

Vice President

Emerging

Businesses

Chief Financial

Officer

General

Counsel

Vice President

Strategy &

Performance

Management

Deputy Chief

Executive Officer Advisors

Chief Audit

Executive

Board of Directors

Strategic Business Units

Executive Management Team

Fertilizers

Mining and

Metals

Project

Development

Exploration & Production

Midstream and

Power Petrochemicals

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Our world: Growing portfolio

Investments

40+

Countries

15+

Sectors

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Chile China Canada Germany Hungary India Kazakhstan Netherland Oman Pakistan Portugal Spain South Korea Tanzania UAE USA

As of end of March 2014 6

Our world: Growing portfolio

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Om

an/G

CC

In

tern

ational

Aluminium

100%

Vale Oman Methanol

Takamul Investment Refinery

26% Concession GS EPS

30%

Orient

Sohar 40%

Company

30%

95.1%

25%

Gulf 30.4%

Energy Maritime

Oman 20%

Shipping

Company

Musandam Power Plant 70%

30 %

42.5%

Power

25%

OTTCO 90%

DPTC 90%

10%

7.5%

15%

GNL Quintero

Regas 19.6%

Oman India 50%

Fertiliser

Salalah 90%

Sohar PTA\PET 50%

Qingdao 30%

Lidong Chemical

Perpetual 16.48%

100%

Oman Oil 49%

Marketing

Oman 25%

Refineries &

Petroleum

Industries

Oman

Trading 70% International

Duqm 50%

Bharat

Oman

Refineries

MOL 7%

Abraj

Energy 100%

Services

Mukhaizna Concession 20%

Karim 25%

Rima 25%

MGP 100%

Abu Tabul 100% UAE Gas 100% Sales

Block 42 100%

Caspian Offshore

20%

Dunga 20%

Exploration &

production

Refining &

Marketing

Base

Petrochemicals

Infrastructure Power Shipping Metals / Mining

6 7 10 3 2 4

As of end of 2013

5%

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Well-balanced

Investments by sector Investments by geography

As of June 2014

OOC’s portfolio is well-balanced by sector and geography

Exploration and Production

43%

Energy Infrastructure

12%

Power 1% Shipping

2%

Metals 11%

Refining & Marketing

12%

Petrochemicals 19%

Oman 58.1%

Germany/USA 12.1%

Hungary 6.2%

Spain 6.1%

Kazakhstan 4.4%

India 3.7%

Portugal 3.1%

Chile 2.1%

UAE 1.6%

China 1.3%

South Korea 0.8%

Pakistan 0.3% Canada

0.1%

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People are at the core of our success and we are passionately committed to them; not just our people, but the Omani population at large.

Takatuf Oman

Build and develop

human Capital

Grow local

talent

Identify

potential

leaders and

accelerate their

development

Improve

performance of

our people

Ensure readiness

for future projects

in terms of human

resources

Human Capital is key to OOC & the nation’s growth. Thus, a dedicated unit was set up to:

People: At the core of what we do

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People are at the core of our success and we are passionately committed to them; not just our people, but the Omani population at large.

Corporate Sustainability

Group allocates up to

3% net profit towards

CSR initiatives

CSR programmes

and initiatives focus

on three main

mandates

We believe in targeted sustainable programs to benefit the community. Thus, we have:

Training for Employment

Capacity Building

Entrepreneurship and SME Support

People: At the core of what we do

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Local investments: Multi-regional hubs

Projects in

development stage

Sur • Oman India Fertilizer Co:

Urea: 1.65 MTA

Surplus Ammonia: 250 KTA

Salalah • Salalah Methanol Company (SMC):

Methanol Production: 1.1 MTA

Ammonia Production: 360KTA

Oman Gas Company (OGC)

LPG Extraction Plant

Rima (E&P)

• Karim (E&P)

• Mukhaizna (E&P)

Muscat • Oman Gas Company: >2,300 km pipeline

• ORPIC-MAF Refinery: 110.6KBPD

• Oman Oil Marketing: 144 retail stations

• Takamul Investment Company

• Oman Shipping Company: 43 vessels operated

• Oman Oil Exploration and Production

• Abraj Energy Services: 13 onshore drilling rigs

• Muscat City Gas (OGC)

Musandam • Gas Processing Plant (OOCEP)

• Power Plant (100 Mw)

Sohar • Oman Oil Refineries and Petroleum Industries

Company (ORPIC):

Sohar Refinery: 117 KBPD

Aromatics Plant: 1.01 MTA

Polypropylene Plant: 340 KTA

• Sohar Aluminium Company : 370 KTA

• Vale Oman Pelletising Company: 9 MTA

• Oiltanking Odfjell Terminals : 1.29 million m3

• OAPIL: 48KTA

• OARC: 140 KTA

• Gulf Specialty Steel Industries:30KTA

• Sohar Sulphur Fertiliser: 30KTA

• Sohar Refinery Improvement Project (ORPIC)

• Liwa Plastic project (ORPIC)

• Musct-Sohar Product PL (ORPIC)

• PTA/PET: 1.2 MTA, 500KTA

• MX/PIA (Takamul)

• Ferrochrome Project (Takamul)

Abu Tubul (E&P) Duqm • Duqm Refinery & Petrochemical

• Duqm Petroleum Terminal Company

• Markaz Crude Storage Terminal

• Centralized Utilities Company (Takamul)

• Gas Pipeline to Duqm (OGC)

• Oil Gas Pipeline to Ras Markaz (OGC) • Steel cluster • Aluminium projects

• Downstream (Duqm refinery Phase II)

Khazan (E&P)

Projects in concept

stage

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Backup

Projects of over USD 15 Billion will be sponsored by OOC and its subsidiaries to further support the development of Duqm

• Special Economic Zone: 1777 km2

• Strategically located

• Fully integrated City

• Excellent Infrastructure and logistics

• Well planned Industrial Zone

• World-class projects

• Dedicated international airport

Duqm Refinery

Central Utilities

Liquid Jetty

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Duqm Refinery & Petrochemical complex (DRPIC)

Description • 50:50% JV partnership between IPIC

and OOC

• Integrated complex developed on 900 Hectare area consisting of 230,000 barrels per day capacity, and designed for petrochemicals expansion

Main products Diesel: 12,300 Naptha: 8,300 Jet A-1: 7,850 LPG: 1,100 Coke: 3,600 Sulphur: 700 Key Project upcoming Milestones

FEED awarded Q1 2014

Petrochemicals Master Plan:Q4/2014

Financial Close Out :Q4/2015

Commissioning of Refinery :Q4/2018

The investment in Duqm refinery and petrochemical complex is expected to play a key role in Duqm’s industrial transformation

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The liquid jetty will act as an important link allowing refined products to be transported in and out of Duqm

Duqm Petroleum Terminal Company (DPTC)

Description

• 90:10% JV partnership between OOC and Port of Duqm respectively

• Develop, build and operate the liquid bulk jetties and tank terminal in Duqm port.

• Provide terminal services to clients logistics requirements such us jetty operations, tank storage, blending, sampling, etc

• Construction of Jetty and related infrastructure including storage facility expected commissioning in Q1/2018

Key Project upcoming Milestones • FEED completion : Q1 2015 • EPC Award : Q1 2015 • Commissioning : Q1 2018 •

Liquid jetty

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Oman Tank Terminal Company (OTTCO)

Description • Located in Raz Markaz 70 km from Duqm port

• Natural Depth of 32m, able to accommodate

VLCC crude ships • The project aims to design , construct and

operate Crude Oil Terminal and provide the following services:

• Short & long term storage for crude oil • Strategic & Commercial Storage • Blending facilities • Export and import crude oil • Offshore facility able to accommodate

any tank size • 24/7 operation • Storage Capacity = up to 200 million

barrel

Current states • FEED to be awarded in Q4 2014

Once fully operational, Ras Markaz is expected to be the world’s largest single storage location for crude oil

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Crude oil and gas pipelines are being constructed to transport oil and gas to the refinery

Pipelines

Description

• Gas pipeline: Construction of 230 km of 36”

pipeline from Saih Nahada to Duqm Industrial

area. As well as construction of Gas supply

station capacity of 5MM sm3 /d. It is expected

to be commissioned by Q1 2018

• Crude Oil Pipelines: Construction of 2 crude

pipelines

- 440 KM crude pipeline from Nahada

booster station to Ras Markaz with

handling capacity up to 700,000 bbl/d

- 70 km crude pipeline from Ras Markaz to

Duqm Refinery with handling capacity up

to 300 bbl/d

Oil Crude pipeline

Gas pipeline

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Dedicated utilities facilities will be established to serve OOC projects & SEZAD’s industrial zones

Centralized Utilities (CUC)

Description

• Establish a Centralized Utilities Service

Company (CUC) to supply essential

utilities such as steam, industrial gases,

compressed air, process water and

waste management.

Current status

• A JV between Takamul hold (65%) and

Sembcorp (35%).

• A JV between Takamul hold (70%) and Air

Products (30%).

Centralized Utilities Company LLC “CUC”

One-stop billing, collection, customer services

Duqm SEZ Customers

Power & Steam

Purchase Agreement

Water* Purchase

Agreement

Industrial Gases

Purchase Agreement

Wastewater Treatment Purchase

Agreement

Reclaimed Water

Purchase Agreement

District Cooling

Purchase Agreement

* Inclusive of Service water, cooling water, potable water, demin. water, fire water

Asset Protection Purchase

Agreement

Haz. Waste Incineration

Purchase Agreement

SPVs

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Takamul Investment

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Metals

Minerals

Chemicals Industrial Support Services

Contribute to expanding and diversifying

Oman’s industrial base and adding value to

existing assets

Integrating business and communities to develop

profitable companies and contribute to the growth and wealth of the nation

Takamul is an investment company that builds sustainable, greenfield and brownfield industrial projects in Oman

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Strategy and objectives

Strategy Diversification beyond a resource led economy

Integration of value chains and related opportunities

Leverage existing assets in the country

Objectives Developing independent sustainable commercial entities that can contribute to

Creating direct and indirect jobs Creating further related investment opportunities Creating in-country value Displacing imports

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Our business model

Identify investment

opportunities

Develop projects up to commercial operation

Create SPV’s and retain an

equity position

Integration with existing projects Imports replacement In-Country Value (ICV)

Source technology Market study Feasibility study Partnership as required Engineering

Actively manage through Board and Board Committees

Support at functional level when needed

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Integration model and current portfolio

Facility management

Centralised utilities

Centralised maintenance

Tier 1

Tier 2

Tier 3

Inte

grat

ion

Inte

grat

ion

20 investments

US $ 425 million committed equity

847 direct jobs

9 operating assets

11 projects under construction/formation

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Thank you

www.oman-oil.com

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