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In The Name of God

National National IranianIranian Oil Refining Oil Refining

& & DistributionDistribution Company CompanyNIORDCNIORDC

23 June 2009- Moscow 23 June 2009- Moscow

Iran’s Refinery Projects;Iran’s Refinery Projects;A Hub of OpportunitiesA Hub of Opportunities

Ministry of Petroleum

NationalIranian OilCompany

National IranianOil Refining &

Distribution Company

NationalIranian GasCompany

NationalPetrochemical

Company

National Iranian Oil Refining & Distribution Company

National IranianOil Products Distribution

EsfahanBandar Abbas

National IranianOil Pipeline and

Telecommunication

National IranianOil Engineering

and Construction

Abadan Arak

Kermanshah Lavan Tabriz TehranShiraz

Oil Refining Industries

Development

Persian Gulf

Anahita Caspian Pars Shahriyar Khozestan Hormuz

Subsidiary CompaniesSubsidiary Companies

Bandar – Abbas320

Shiraz60

Lavan30

Abadan380

Esfahan360

Kermanshah25 Tehran

240

Tabriz110

Arak160

CaspianSea

PersianGulf

Refinery

Operating Capacitykbpd

Existing RefineriesExisting Refineries

Employing advanced technologies to boost

efficiency

Expanding refining capacity to give added-value to our crude oil and to be self-sufficient in Gasoline production

Upgrading the quality of products to meet new environment requirement

StrategiesStrategies

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

Strategies (cont.)Strategies (cont.)

Refinery ProjectsRefinery Projects

Expansion & Upgrading of Existing Refineries

Construction of New Refineries

Gasoline Capacity Increase Projects

Pipeline Projects

Gasoline Capacity Gasoline Capacity Increase ProjectsIncrease Projects

Location : Bandar Abbas , Hormuzgan Province

Capacity increase: From 65,415 to 95,000

Feed: Kharg Exported Heavy Crude Oil &

Condensate

Total investment : € 440 Million

Project status: Under implementation

Total progress : 27 %

Production date : 2011

Bandar Abbas Refinery GasolineBandar Abbas Refinery Gasoline Production Increase ProjectProduction Increase Project

Products

No. ProductExisting Capacity

)MMLit/d(Future Capacity

)MMLit/d(

1 Gasoline 10 15

2 Sulfur 130 TPD 250 TPD

Bandar Abbas Refinery GasolineBandar Abbas Refinery Gasoline Production Increase ProjectProduction Increase Project

LicensorsLicensors Unit (s)

Axens HNHT , CCR , LNHT , ISOM , GOHT

Prosernat 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

New units :

Gasoline production growth:

Investment :

Latest status :

Progress :

Start up date :

Tabriz Refinery GasolineTabriz Refinery Gasoline Production Upgrading ProjectProduction Upgrading Project

heavy naphtha treatment,

CRU , Benzene Extraction

1 MMLit/day

€ 180 Million

EPC Contract

33%

2010

New units:

Gasoline production growth:

Investment:

Latest status:

Start up date :

Physical Progress :

Tehran Refinery GasolineTehran Refinery Gasoline Production Increase ProjectProduction Increase Project

light Naphtha treatment, isomerization

2 MMLit/d

€ 116 million

Under implementation

2010

56

New units:

Gasoline production growth:

Investment :

Start up date :

Physical Progress :

Esfahan Refinery GasolineEsfahan Refinery Gasoline Production Increase ProjectProduction Increase Project

L&H naphtha treatment, CCR, isomerization, LPG Recovery

3 million liter/day

€ 314 Million

2010

39%

ExpansionExpansion

& & Upgrading of Upgrading of Existing RefineriesExisting Refineries

Location : Esfahan , Esfahan Province

Capacity : 360,000 bpd

Feed: Light Crude Oil of Maroon

Total investment: € 2.7 Billion

Project status: Under implementation

Total progress : 6 %

Production date : 2010

Esfahan Refinery Process Improvement and Esfahan Refinery Process Improvement and Capacity Optimization ProjectCapacity Optimization Project

Products

No. ProductExisting Capacity

(MMLit/d)Future Capacity

(MMLit/d)

1 LPG 2 3

2 Propylene 0 1

3 Gasoline PREM 0 4

4 Gasoline REG 8 15

5 Kerosene 7 7

6 Gas oil 19 18

7 Fuel oil 17 3

8 Asphalt 3 3

9 Sulfur 80 TPD 600 TPD

Esfahan Refinery Process ImprovementEsfahan Refinery Process Improvement and Capacity Optimization Projectand Capacity Optimization Project

Licensors Unit (s)

Linde Hydrogen Plant

Axens RFCC Gasoline Treatment , NAPHTA HDT , HN CCR , RHU , RFCC

Technip KTI Sulfur Recovery Unit

Topsoe Gas Oil HDT

Technip CDU

UOPL LPG Merox , LN ISOMERIZATION

Licensors

Esfahan Refinery Process ImprovementEsfahan Refinery Process Improvement and Capacity Optimization Projectand Capacity Optimization Project

Location : Abadan , Khuzestan Province

Capacity : 210,000 bpd

Feed: Crude of Ab- Taymoor , Ahwaz

Bangestan ,…

Total investment: € 2 Billion

Project status : Basic Design

Total progress : 4 %

Production date : 2014

Abadan Refinery Upgrading ProjectAbadan Refinery Upgrading Project

Licensors Unit (s)

AxensNHT,CCR,Isomerization, Kerosene

HDT , Gas Oil HDT

Haldor Topsoe

VGO HDT, HC, H2

Technip KTI SRU + SSU + TGT

Licensors

Abadan Refinery Upgrading ProjectAbadan Refinery Upgrading Project

No. ProductCurrent Capacity

)MMLit/d(Future Capacity

)MMLit/d(

1 LPG 1.5 2

2 Jet / Kerosene 4 8

3 Gasoline 8 13

4 Fuel oil 24 9

5 Gas oil 16 19

6 Naphtha 3 3

7 Oil Lub Cut 0.3 1

8 Sulfur 0 TPD 360 TPD

Products

Abadan Refinery Upgrading ProjectAbadan Refinery Upgrading Project

Location : Tehran

Capacity : 240,000 bpd

Feed: Crude of Maroon, Ab-Taymoor,

Bangestan –Ahwaz, …

Total investment: € 330 Million

Project status: Under implementation

Total progress : 33 %

Production date : 2010

Tehran Refinery Process Optimization and Tehran Refinery Process Optimization and Products Quality Improvement ProjectProducts Quality Improvement Project

Licensors

AxensTechnip KTI

Tehran Refinery Process Optimization and Tehran Refinery Process Optimization and Products Quality Improvement ProjectProducts Quality Improvement Project

Tehran Refinery Process Optimization and Tehran Refinery Process Optimization and Products Quality Improvement ProjectProducts Quality Improvement Project

Location : Arak , Central Province

Capacity increase: From 170,000 to 250,000 bpd

Feed: A Blend of Ahwaz and Certain

Iranian Mixed Crude Oil

Total investment: € 2.4 Billion

Project status : Under implementation

Total progress: 63 %

Production date : 2010

Arak Refinery Expansion & Upgrading ProjectArak Refinery Expansion & Upgrading Project

Licensors

Licensors Unit (s)

RIPI (IRAN) ISOM

Axens NHT2 , OCT ,KHT , GHT , CGH

Technip Benelux HPU2

KTI SRU2/TGT/ Solidification

UOPL RCD , RFCC , LMRX , PRU

Arak Refinery Expansion & Upgrading ProjectArak Refinery Expansion & Upgrading Project

No. ProductExisting Capacity

(MMLit/d)Future Capacity

(MMLit/d)

1 LPG 1 4

2 Propylene 0 1

3 Gasoline PREM 0 4

4 Gasoline REG 4 12

5 Kerosene 3 5

6 Gas oil 9 9

7 Fuel oil 7 3

8 Asphalt 1 1

9 Sulfur 60 TPD 650 TPD

Products

Arak Refinery Expansion & Upgrading ProjectArak Refinery Expansion & Upgrading Project

Arak Refinery Expansion & Upgrading ProjectArak Refinery Expansion & Upgrading Project

Construction ofConstruction of

New RefineriesNew Refineries

New Grass-root RefineriesNew Grass-root Refineries

Persian Gulf

Pars

Khuzestan

Shahriar

Anahita

Hormuz

Caspian

Persian Gulf Refinery ProjectPersian Gulf Refinery Project

Location : Bandar Abbas , Hormuzgan

Province

Capacity : 360,000 bpd

Feed: South Pars Gas Condensate

Total investment : € 2.4 Billion

NIORDC share: 40 %

Project status : Under implementation

Total progress : 21%

Production date : 2011

Licensors Unit (s)

UOP LPG Merox , ISOM

Axens NHT , CCR

Haldor Topsoe KHT , GOHT

Technip KTI SRP

Persian Gulf Refinery ProjectPersian Gulf Refinery Project

Licensors

No. Product Capacity (MMLit/d)

1 LPG 3

2 Gasoline PREM 8

3 Gasoline REG 27

4 Jet fuel 3

5 Gas oil 14

6 Heavy diesel 1

7 Sulfur 130 TPD

Products

Persian Gulf Refinery ProjectPersian Gulf Refinery Project

Pars Refinery ProjectPars Refinery Project

Location : Shiraz , Fars Province

Capacity : 120,000 bpd

Feed: South Pars Gas Condensate

Total investment: € 950 Million

NIORDC share : 40 %

Project status: Basic Design

Total progress : 6.2%

Production date : 2011

Licensors Unit (s)

RIPI (IRAN) LPG Treating

Topsoe DHT, KHT

UOP ISOM

Axens NHT, CCR

KTI SRU

Pars Refinery ProjectPars Refinery Project

Licensors

No. ProductsCapacity

)bpd(

1 Gasoline 11

2 Gas oil 5

3 Kerosene 1

4 LPG 1

5 Sulfur 62 TPD

Products

Pars Refinery ProjectPars Refinery Project

Caspian Refinery ProjectCaspian Refinery Project

Location : North of Gorgan,Golestan province

Capacity : 300,000 bpd

Feed: CIS mixed crude oil

Total investment: € 3.8 billion

NIORDC share : 20 %

Project status: Basic Design

Total progress : 2%

Production date : 2013

No. Product Capacity (MMLit/d)

1 LPG 3

2 gasoline 14

3 kerosene 11

4 gas oil 18

5 propylene 230 TPD

6 sulfur 260 TPD

Products

Caspian Refinery ProjectCaspian Refinery Project

Anahita Refinery ProjectAnahita Refinery Project

Location : Kermanshah , Kermanshah Province

Capacity : 150 , 000 bpd

Feed: Crude of North Dezful, Naft Shahr &

Sarkan Maleh Kouh

Total investment: € 2.1 Billion

NIORDC share: 20 %

Project status : Basic Design

Total progress : 3 %

Production date : 2012

Licensors

Licensors Unit (s)

RIPI LPG

Technip KTI SRU

Haldor Topsoe MDHT , HPU

UOP NHT , ISOM , HCU . CCR

Anahita Refinery ProjectAnahita Refinery Project

No. Product Capacity (MMLit/d)

1 LPG 1

2 Gasoline 7

3 Kerosene 5

4 Gas oil 9

5 Fuel oil 3

6 Bitumen 1

7 Sulfur 288 TPD

Products

Anahita Refinery ProjectAnahita Refinery Project

Shahriar Refinery ProjectShahriar Refinery Project

Location : Tabriz in East Azerbaijan

Capacity : 150,000 bpd

Feed: Crude of North Dezful, Marun-

Shadegan & Kashegan

Total investment : € 2.3 Billion

NIORDC share : 20 %

Project status : Basic Design

Total progress : 3.1 %

Production date : 2013

Licensors

Licensors Unit (s)

RIPI (IRAN) Gas Oil HDT

Axens FCC, NHT, CCR, Isomerization

Holdar Topsoe VGO HDT

Technip Benelux

Hydrogen

Technip KTI SRU

Shahriar Refinery ProjectShahriar Refinery Project

No. ProductsCapacity

)MMLit/d(

1 Gasoline 11

2 Gas oil 12

3 Fuel oil 2

4 LPG 1

5 Propylene 0.4

6 Asphalt 1

7 Sulfur 360 TPD

Products

ShahriarShahriar Refinery Project Refinery Project

Hormuz Refinery ProjectHormuz Refinery Project

Location : Bandar Abbas ,hormuzgan

Province

Capacity : 300,000 bpd

Feed: Crude of Soroush / Nowruz

/South Pars and Forouzan

Total investment: € 4.2 Billion

NIORDC share : 20 %

Project status : EPC contract awarded

Project Total Progress : 4.2 %

Production date : 2012

Licensors

Licensors Unit (s)

Axens HT, CCR, ISOM,DHDT, HCR, MHC,FCC

SINOPEC Delayed Coker

KBC CDU, VDU, SGP

Linde H2 Plant

UOP Alkylation

KTI SRP

Hormuz Refinery ProjectHormuz Refinery Project

No. Product Capacity (MMLit/d)

1 LPG 4

2 Propylene 0.4

3 Gasoline 16

4 Jet fuels 3

5 Gas oil 23

6 Sulfur 840 TPD

7 Coke 5,800 TPD

Products

Hormuz Refinery ProjectHormuz Refinery Project

Khuzestan Extra Heavy Crude Oil Refinery ProjectKhuzestan Extra Heavy Crude Oil Refinery Project

Location : Abadan , Khuzestan Province

Capacity : 180,000 bpd

Feed: Crude of Azadegan, Yaadavaran & Jofeir

Total investment: € 2.9 Billion

NIORDC share: 20 %

Project status : Basic Design

Total progress : 2.3 %

Production date : 2012

Licensors

Licensors Unit (s)

RIPI (IRAN) HRH

Topsoe GHDS, HCR , H2 Plant

UOP NHT,CCR&ISOM

KTI SR&TGT

Khuzestan Extra Heavy Crude Oil Refinery ProjectKhuzestan Extra Heavy Crude Oil Refinery Project

No. ProductsCapacity

)MMLit/d(

1 Gasoline 9

2 Gas oil 12

3 Kerosene 8

4 Fuel oil 0.5

5 LPG 2

6 Sulfur 410 TPD

Products

Khuzestan Extra Heavy crude Oil Refinery ProjectKhuzestan Extra Heavy crude Oil Refinery Project

PipelinePipeline

ProjectsProjects

Summary of Key Points1)Pipeline Design Capacity: 1mbpd2)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

Neka Terminal

Jask Terminal

Neka-JaskNeka-Jask Pipeline Project Pipeline Project

Neka – Jask Pipeline RouteNeka – Jask Pipeline Route

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

Line Pipe Size

Approximately K.P Range

Total Length (km)

48"

42"

36"

264.7 – 1149) &(1270.6 – 1643.8)

(0 – 264.7)

1149 – 1270.6

1257.5

266.7

121.6

• STORAGE AND UNLOADING FACILITIESSTORAGE AND UNLOADING FACILITIES

CRUDE STORAGE TANKS : 6* 28000 MCRUDE STORAGE TANKS : 6* 28000 M33

BLENDING TANKS : 3* 28000 MBLENDING TANKS : 3* 28000 M33

CRUDE OIL MARINE UNLOADING ARMSCRUDE OIL MARINE UNLOADING ARMS : 6NOS. : 6NOS.

NEKA Existing FacilitiesNEKA Existing Facilities

Existing Capacity: 370,000 bpsdExisting Capacity: 370,000 bpsd

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

•Auxiliary Systems :Auxiliary Systems : Waste Water Treatment SystemWaste Water Treatment System Control SystemControl System Fire Fighting SystemFire Fighting System

NEKA Existing Facilities (cont.)NEKA Existing Facilities (cont.)

Jask Terminal Phase-1 (SPM)

STORAGE CAPACITY: 10 MM BBLS

CAPACITY OF EACH SPM: 1.5 MM bpsd

Jask Terminal Phase-2 (Jetties)

Project Capacity

(kbpd)Investment

)Billion US( $ShareholdersPercentage

StatusFeed byNIORDC

)kbpd(

Kedah RefineryMalaysia

250 4.8NIORDC: 30%SKSC: 70% FEED 250

Johor RefineryMalaysia

120 2.3NIORDC: 30%Petrofield: 70% BFS 120

Bantan Refinery

Indonesia300 5.7

NIORDC: 40%Petrofield: 20%Pertamina: 40%

BFS 150

AlfuroglusSyria

140 2.6

NIORDC: 26%PDVSA: 26%Petrofield: 26%MOPMAR: 15%

BFS 28

OverseasOverseas Projects Projects

Collaboration SchemesCollaboration Schemes  

Equity Contribution for New Grass-root Refinery Projects Project Financing

Loan Facility Agreement

Unincorporated Joint Venture

Product Off-taking Agreement

Strategic Partnership

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

Incentives  & Risk MitigationsIncentives  & Risk Mitigations

Project LocationCapacity

(kbpd)Investment

(Billion Euro)Progress

Persian Gulf Refinery Bandar Abas 360 3 21

Hormuz Refinery Bandar Abas 300 4 4

Pars Condensate Refinery Shiraz 120 1 6

Anahita Refinery Kermanshah 150 2 3

Caspian Refinery North of Iran 300 4 2

Khozestan Refinery Abadan 180 2 2

Shahriar Refinery Tabriz 150 2 3

ProjectsProjects for JV & Financing  for JV & Financing 

ProjectsProjects for for Financing Financing 

Project Investment progress

Bandar Abbas Refinery Gasoline Production Increase Project

€ 440 Million 27%

Abadan Refinery Upgrading Project € 2 Billion 4%

Tehran Refinery Process Optimization and Products Quality Improvement Project

€ 330 Million 33%

Esfahan Refinery Process Improvement and Capacity Optimization Project

€ 2.7Billion 4%

Arak Refinery Expansion & Upgrading Project

€ 2.4 Billion 63%

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