Petro Rabigh

A Story of Joint

Success

Osamah O. Fakieh VP Human Resources & Corporate

Affairs January, 2012

• Joint venture between Saudi Aramco and Sumitomo Chemical

• Largest integrated refining and petrochemical complex

• Investment of $10 billion

• 25% IPO in 2008

• Refining capacity 400,000 barrels per day

Petro Rabigh at a Glance

• 17 production plants

• Houses world’s largest HOFCC unit

• Strategically located on Red Sea

• Two FDI awards

Petro Rabigh at a Glance (Cont’d)

PR production capacity

• Refining production: 140 million Barrels/Year

• Naphtha 72 MBD

• Gasoline 59 MBD

• Kerosene/Jet Fuel 48 MBD

• Diesel 98 MBD

• Others/Fuel Oil 89 MBD

• Petrochemical production: 2.4 million Metric Tons/Year

• Polypropylene 700 KTA

• Polyethylene 900 KTA

• MEG 600 KTA

• Propylene Oxide 200 KTA

Vacuum Gas Oil (VGO)Hydro

Treater

Mixed C4

Process Configuration

Polypropylene (PP)

Mono Ethylene Glycol (MEG)

High Density Polyethylene (HDPE)

Linear Low Density Polyethylene (LLDPE)

C4 Alkylation

Vacuum Distillation Unit

(VDU)

Ethane Cracker

High Olefins Fluid

Catalytic Converter (HOFCC)

Treated VGO

Propylene Oxide (PO)

LPG

Naphtha

Jet Fuel

Gasoline 91/95

Alkylate

Diesel

Fuel Oil

95 MMSCFD Ethane

400 MBD Complex Refinery

Refined Products

Petrochemical Products Feedstock Conversion Units

900 KTA

600 KTA

700 KTA

200 KTA

48 MBD

72 MBD

89 MBD

98 MBD

59 MBD

Petro Rabigh Advantages

Secure supply of feed: • 400 MBD Crude Oil

• 95 MMSCFD Ethane

• 12 MBD Butane

Offtake agreement:

• Refined products 100%

• Petrochemicals 80%

Proximity to markets

Captive market in Rabigh PlusTech Park

Total Project Cost: $10.1 Billion Source of Funding: Capital 40% Project Finance 60% Project Finance: Total $5.84 Billion Japan Bank for International Cooperation (JBIC) $2.5 Billion Public Investment Fund $1 Billion Commercial Banks $1.74 Billion Islamic Finance $600 Million

Financing

2004

MOU signed in May 2004

Start feasibility study

2005

Establishment of the

Company in Aug 2005

Completion of

feasibility study

2006

Agreement on project finance

Ground breaking in Mar 2006

2007

Construction

2008

1st Polymerization achieved in July

2008

Transfer of existing

refinery in Oct 2008

Completion of construction in

Nov 2008

2009

MOU signed for Phase II in

Apr 2009

Inauguration ceremony in

Nov 2009

All production units

operational in Nov 2009

2010

1st year of full operation with

profit of SR 208.7 million

2011

T&I successfully

completed in July 2011

Lenders

Reliability Test (LRT)

successfully completed in

Dec 2011

Petro Rabigh Milestones

Rabigh PlusTech Park (RPTP)

• First Conversion Industries park integrated with a petrochemical

complex

• 2.5 square kilometers adjacent to Petro Rabigh's Complex

• Estimated investment of over $780 million

• Reduced overheads for investors

• Use feedstock: PP, HDPE, LLDPE and PO

• Estimated job creation 1,700 to 2,500

Globally recognized, locally committed

Thank You

January, 2012

Petro Rabigh

King Abdullah Economic City

King Abdullah University KAUST

Petro Rabigh on the Map

Backup Slides

Tenant Product Jobs / Capital $

ASTRA PP compound & master batch

100 / $80 Million

Toyobo RO filters 30 / $32 Million

Al-Sabhan (CCI) Insulation membrane 99 / $15 Million

3P (Gulf Group) Caste stretch films 60 / $8 Million

SC Olyset Co. (Sumitomo Chemicals) Auto compound 39 / $15.2 Million

Rabigh Petrochemical Logistics (RPL) Logistics 45 / $17 Million

Saudi German (SGN) Non woven 45 / $120 Million

National Carton Factory Paper core, tubes 100 / $20 Million

Total 618 / $307.2 Million

Rabigh PlusTech Park – Tenants who have started or are about to start construction

Tenant Product Jobs / Capital

Emirates Plastic Industries PET performs, PP cups & closures

245 / $35 Million

Bischof+Lein (B&K) Resin bags 50 / $70 Million

Medical Supply Co. (BMA) Medical IV – pens 57 / $22 Million

Abdullah Al-Amoudi Chemicals Protective coatings 30 / $5 Million

Al-Zad Factory Food packaging 70 / $5 Million

IPPCO (Bin Zomah Group) Plastic Pellets 33 / $12 Million

Total 485 / $149 Million

Rabigh PlusTech Park – Tenants ready to break ground in 2011