“Development and Protection of SAMIR Resources ” “By Mr .... SAMIR...“SAMIR is Developing and Protecting its Resources ” By Hmida M’HAMDI GLOBAL OVERVIEW About SAMIR Creation

“Development and Protection of

SAMIR Resources ”

Date

“By Mr. Hmida M’HAMDI”

“SAMIR is Developing and Protecting its Resources ”By Hmida M’HAMDI

Présentation des résultats 2009 et perspectives de développement 2

INDUSTRY DEVELOPMENT

CORPORATE AND HUMAN CAPITAL

MAJOR PROJECTS

GLOBAL OVERVIEW

SUSTAINABLE DEVELOPMENT

CONTENT

3

5

11

14

17PARTNERSHIP

22


GLOBAL OVERVIEW

About SAMIR

Creation January 1st 1959

Corporate Name Société Anonyme Marocaine de l’Industrie du Raffinage (SAMIR)

Main Shareholder Corral Morocco Holding (67,3%)

Status

Private Company with Board of Directors

Joint Stock Company in Casablanca Stock Exchange under ticker SAM

Stock Exchange Capitalization : 7 000 Mdh on March 15 2011

GovernanceChairman: SHEIKH Mohamed Hussain AL AMOUDI

General Manager : Jamal BA-AMER

Activity

Capacity : 6,5 M T/ y under expansion to 8,2 MT/ year

Nelson Complexity Index : 12,8

Storage capacity : 2 millions Cubic meters

Installed Power : 40 MW

Staff 1 107 persons at December 31st 2010

3


34,6639,70

8,01

2009 2010

Feed Stocks

Crude Oil

47.71

Net Input ( in million bbl)Var 2010/2009 :

+38%

SAMIR PERFORMANCES

Turnover (in Mdh)

Var 2010/2009 :

+37%

Operating Result & Net Result(Mdh)

Average price of brent (in USD/bbl)

Var 2010/2009 :

+29%Var 2010/2009 :

+4%

Sales (KT)

Var 2010/2009 :

OR +481 Mdh NR+281 Mdh

5 697 6 080

814 7076 511 6 787

2009 2010

Export

Locale

970

1 452

555836

2009 2010

Résultat d'exploitation

Résultat net

61,5

79,5

2009 2010

26 951

37 030

2009 2010

34.66

2,06

8,43

2009 2010

Gross margin

Var 2010/2009 :

+309%

4


5

Industry:

Developing our financial resources by upgrading and modernising

Mohammedia Refinery


6

New Hydrocracking Complex

• SAMIR achieved the commissioning of the new Hydrocracking

Complex in March 2010.

• Hydrocracker allows a processing of 36.000 bbl/d, corresponding to

1,8 million tons/y.

• Quality of products in compliance with Euro 5.

• Hydrocracking complex Achieved high performances:

Productivity increase,

Mid distillates production increase,

Margin improvement.

• High impact of refinery added value.


SAMIR Among High Complex Refineries

SAMIR

SAMIR

● The new configuration of SAMIR

includes

● Hydrocracking complex

● Lubricant complex

● Refining capacity : 145 kbpd

● Installed power: 40 MW

● Nelson complexity factor : 12.8

● Capability to produce 2.7 MMT of

gasoil 50 ppm & 1.0 MMT of gasoil 10

ppm

● Full integration of new & existing units

SAMIR is currently short listed among the 100

Top refineries around the world


Salt

Water

Unit

Propane

Butane

Platforming

1&2

Complex

Oils

Utilities/Off Sites

Unité H2

Gasoline

Naphta Export H2

Acid Water

Crude Oil

H2S

Base Oils

Bitumen/Paraffins

Fuel Oil

Gasoil 1%

Jet A1

Jet A1

Gasoil 50 ppm

Propane/Butane

Naphta/Petrol

Jet A1

Gasoil 10 ppm

H2

H2

Recycling

Natural Gas

H2S to Sulphur Regeneration

Complex

Oils

Utilities/Off Sites

Crude Oil

H2S

Liquid Sulphur

Atmosph.

Residue


Gasoil 50 ppm

H2




Gas Plant

Platforming

1&2

Units

N°1

N°2

N°3

Units

N°1

N°2

N°3

Amine

Unit

Sulphur

Unit

Merox 2

Dist SV

HDS 2

HCU

HDS 3

Configuration post upgrade

• Vacuum distillation

• Hydro treatment of gasoil: 55 000 bpd

• Hydro cracking: 36 000 bpd

• Hydrogen plant

• Amines Recovery

• Sour water treatment

• Sulphur Recovery

• Reverse Osmosis Unit

• Cooling Water System

• Production of Air & Nitrogen, Utilities & off sites

• Blast proof Control roomExisting Units (excl. CDU)

New Units

SAMIR New Complex Refinery


SAMIR Selected technologies meeting the upgrade project requirements

in term of yield and products quality:

Hydrocracker: Chevron Lummus Global

Hydrotreater : UOP

Hydrogen plant : Technip KTI

Sulphur recovery unit : Parsons

New Complex Technologies

http://www.chevron.com/products/default.aspx

http://www.chevron.com/products/default.aspx

http://www.parsons.com/default.asp

http://www.parsons.com/default.asp


3%

8%5%

36%

8%

40%

LPG

Gasoline

Jet

Gasoil 1%

Naphta

Fuel & others

New production Yields

Before Upgrade After Upgrade

1%

7%

6%

50%

9%

27%LPG

Fgasoline

Jet

Gasoil 50

Naphta

Fuel & others


11

SAMIR achieved a large investment program to develop and

modernise its assets.

YearAnnual

InvestmentsMDH

Cumulated Investments

MDH

2005 928 928

2006 1 858 2 786

2007 3 313 6 100

2008 4 844 10 944

2009 3 031 13 975

2010 895 14 870

INVESTMENT PROGRAM OVER 6 YEARS


12

Sustainable Development:

High involvement in sustainable development


13

Sustainable Development Performances

High Safety Performance:

Deep change in culture and people’s behaviour.

No major accident reported in last 3 years.

Certification of quality management systems QHSE in 2010

Implementation of Energy Saving project to reduce consumption

increase due to Upgrade Complex start up:

Flare Gas Recovery,

Improvement in energy efficiency,

Reduction of Refinery Gas Emissions by more than 50%.


14

Resources Preservation

In order to optimize utilisation of resources and contribute to the

protection of environment, SAMIR is using the most modern

technologies for preservation of resources:

Reverse Osmosis Unit,

Waste Water treatment unit,

Close Cooling Water system,

Solid Waste Treatment,

Reduction of cost and energy consumption :

Reduction of Solomon Energy Intensity Index from 150 to 100

from 2006 to 2010 with the objective to reach 85 Ell by 2014,

Implementation of energy strategy with Shell Global Solution,

Achievement of significant cost saving for chemicals, solvents,

additives, etc....


15

Corporate & Human Capital:

Positive working environment


16

HR Strategy

• Valorisation of human capital trough recruitments, training, promotion, and

improvement of social performances;

• Adjustment of Human Capital skills with new requirements of post upgrade

phase;

• Skills Development, enhancement and valorisation incentives to personnel;

• Training actions concerning mainly:

Consolidation of training basis in refining for operation of the new units,

Refining professions in favor of new engineers and senior staff,

Training on Digital Control System and procedures of safety and alarms,

Generalization of trainings on the integrated management system,

Training of supervisors and monitors to accompany the external trainers,

English learning in partnership with Wall Street Institute in Casablanca and

Mohammedia.

● Creation of positive working environment with high commitment of personnel.


17

IT/IS Development

Commissioning of upgrade complex required several changes and

improvements of SAMIR information system:

• Plant Information System and LIMS: New PI system to collect data

processing of new Complex.

• Sigmafine4: Enhancement of material balance and reporting tool.

• SAP System: Maintenance and enhancement of existing SAP modules, as

well as installation of new module .

• EDMS: Modernisation of documents management by using electronic data

management system.

• E-Learning: Introduction of E-Learning system using modern technology.

• Computer Security: Upgrade of antivirus solution and configuration of

internet access to protect the company’s data.


18

PARTNERSHIP:

SAMIR is forming partnerships and strengthening

diversified portfolio of activities


19

Académie Africaine de l’Energie: ACAFE

SAMIR created “ACAFE” with support of African Refiners’ Association:

Reinforcement of cooperation between African energy operators & oil refiners.

Partners & Interveners : IFP Training, Hassan II University, IRA Africa,

Johannesburg University, CNPP, Francis Lefebvre, ESSEC, HEC-Paris, ISCAE,

Management school Abidjan, Veolia Campus, university of Alger, Mohammedia

School of Engineers, ENIM, Euro-Mediterranean Institute in Risk Sciences, Welding

Institute of France.

Mission: Develop managerial skills and technical know-how of national and

African refiners:

Refining, Technical, commercial, financial, accounting and administration,

New technologies and information system,

Normalization and legal Metrology,

Integrated management system (Quality, Hygiene, Safety, Environment)

Sustainable Development,

Management,

Languages and Communication.


20

PSI Engineering S.A

Engineering Company created under Joint venture between SAMIR and

Pegasus TSI Inc (Pegasus TSI Inc is a privately owned company

registered in Florida, USA, worldwide):

● Performing project engineering, procurement, construction

management and commissioning (EPCM) services,

● Support SAMIR refinery and other business in Morocco and its

regions.


21

TSPP : Logistic Subsidiary

• Logistic company for transport and storage of petroleum products

• Activities: Logistic arm of SAMIR

Transport of petroleum products,

Operation and Maintenance the pipeline 14” O&M,

Transport of liquid sulphur by truck,

Development of pipeline network,

Development of Products’ Storage and Terminal in Morocco.


22

Afric Bitumes

Company created under Joint venture with major Bitumen

Operator:

● Export of bitumen mainly to African countries,

● Capture of opportunities with better margins,

● Build regional depots mainly in the west Africa


23

Major Projects:

SAMIR is continuing the development of its resources with

achievement of Major Projects


Project Objectives:

Increase of refining capacity from 6.25 to 8.25 million tons per year,

Replace the old distillation units,

Increase the gasoil and Jet production,

Reduce the emissions and environment protection.

Progress : 60% by end of February 2011

Budget: 150 million Euro

Contractors: Tecnicas Reunidas (Spain), Tekfen (Turkey), Merichem (USA)

Working man hours : 3 million

End of works : December 2011

Commissioning and start up : March 2012

Economical impact : 100 Million US$ per year

PROJECT Topping 4

24


PROJECT Topping 4

25


Project Objectives :

Increase production capacity of bitumen from 280 KT to 560 KT,

Increase storage capacity,

Meet the national and regional demand,

Increase the Gasoil production instead of fuel,

Improve the company profitability,

Progress: 80% by end of February 2011

Budget: 21 million Euro

Contractor: Poerner (Austria)

End of works: August 2011

Commissioning and start up: September 2011

Economical impact: 20 Million US$ per year

Bitumen PROJECT

26


Bitumen PROJECT

27


28

Thank you for your kind attention

“Development and Protection of SAMIR Resources ” “By Mr .... SAMIR...“SAMIR is Developing and Protecting its Resources ” By Hmida M’HAMDI GLOBAL OVERVIEW About SAMIR Creation

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