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EGYPT

NOT AN OFFICIAL UNCTAD RECORD. EGPC. EGYPT. Oil & Gas Activities Overview. Investment Opportunities. Presentation Outline. Agreements and Exploration Production Why to Invest in Egypt Dynamic Agreements Infrastructure Natural Gas Service Companies

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EGYPT

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  1. NOT AN OFFICIAL UNCTAD RECORD EGPC EGYPT Oil & Gas Activities Overview Investment Opportunities

  2. Presentation Outline • Agreements and Exploration • Production • Why to Invest in Egypt • Dynamic Agreements • Infrastructure • Natural Gas • Service Companies • Refining & Processing

  3. Objectives • Maximize Oil and Gas Production and Enhance Reserves Development. • Increase Exploration Activities for Oil and Gas Potentialities. • Dynamic Oil & Gas Agreements to Attract Investors. • Optimize the Utilization of the Existing Infrastructure. • Satisfy Local Demands from Oil and Gas Products. • Upgrade Oil Refineries’ Efficiency to Maximize High Quality Petroleum Products. • Apply the Latest Technologies in the Oil and Gas Industries. • Encourage Investments In Natural Gas Activities • Develop LNG Projects Individually Or With National And International Partners. • ِApply the International HSE High Standard Measures.

  4. Agreements and Exploration

  5. Distribution of SurfaceArea In Egypt ( Approx. 1,000,000 KM2) REMAINING 49.9% EXPLORATION 20% DEVELOPMENT 2.3% AGREEMENTS UNDER PROCESSING 11.8% 2003 BID ROUNDS 1% BASEMENT 15% EXPLORATION = 199521.41 KM2 DEVELOPMENT = 22534.55 KM2

  6. Egypt Concession Map (March, 2004) EGPC 34° 00’ N MEDITERRANEAN SEA 14 3 3 8 32° 1 (1) 8 00’ 1 1 8 8 8 (6) 1 8 1 (4) 1 8 8 8 3 6 18 8 14 8 (5) 8 1 (3) 14 8 6 (25) 1 1 3 8 29 1 29 (7) 2 9 8 6 9 13 8 14 2 18 2 2 16 6 2 16 (8) 14 2 2 2 2 8 2 27 8 28 (36) 2 2 17 (2) 5 2 (8) 17 6 1 8 10 2 5 21 8 30° 8 7 14 7 1 00’ 8 12 1 2 14 7 14 2 SINAI 26 1 1 2 6 6 14 (16) 6 5 2 (38) 2 21 19 2 29° 17 00’ 1 (35) 1 18 1 8 1 28° 2 1 SINAI 00’ 8 AGREEMENTS 1 6 UNDER PROCESSING 1 ( THARWA ) 6 8 EASTERN 6 DESERT 8 8 18 6 8 8 8 1 8 8 RED 6 26° 8 SEA 00’ 6 6 1 1 4 18 6 4 22 1 (37) 6 8 1 1 1 1 22 6 1 WESTERN 1 6 24 6 DESERT 1 1 1 (9) 1 1 6 1 1 1 6 24° 13 30 1 00’ 6 1 26 28° 1 6 1 8 00’ 8 1 33 1 13 TOSHKY DEPRESSION 13 8 19 8 1 15 1 (EG) BID ROUND BLOCKS EASTERN 13 8 ONSHORE Closed In JAN. 18, 2004 12 8 OFFSHORE Closing Date FEB.15, 2004 DESERT 22° 23 18 6 00’ (1) 23 34 26° 00' 28° 00' 30° 00' 32° 00' 34° 00' 26 11 ALLIANCE 22 LAW UNDER ISSUING bp DUBLIN 1 10 25 LUKOIL 23 RESTRICTED AREAS 11 DEVON 2 APACHE GULF 6 OPEN AREAS VEGAS 33 13 OCEAN OF 3 31 BG SUEZ SHELL ALEXOIL 34 14 DEVELOPMENT LEASE 5 INA-NAFTE 35 L.K MERLON 4 EPEDECO 16 27 GHARIB GPC 6 36 BURREN 12 28 KRITI FORUM IPR 17 20 29 37 6 QUADRA EGPC MARATHON 15 7 HBSI 30 CABRE PETZEID 20 RWE Dea 38 EDISON 18 32 31 GEISUM GREYSTONE 24 IEOC 8 DOVER UNDER NEGOTIATION 19 32 MASAWA 25 TRIDENT 26 PICO 9 CENTURION 21 SIPETROL LAW UNDER PROCESSING AGR. & EXPL. March, 2004 34° 00’ 33° 00’

  7. Concession Agreements • Total Exploration & Prod. Current Agreements 102 • Exploration Agreements 42 • Development Leases 178 • Exploration Companies 31 • Production Companies (J.V.) 22 • Nationalities 21 • Exploration Area 199 500 Sq.km

  8. PARTNERS (Investors) OPERATORS (Exploration) (7) (4) AMERICAN (11 ) APACHE IPR DEVON MARATHON ALLIANCE MERLON OCEAN INTERNATIONAL FINANCE CORPORATION ( IFC ) UNION PACIFIC (9) (5) EUROPEAN (14 ) b.p (U.K) RWE-Dea (GERMANY ) AGIP ( ITALY ) DUBLIN ( IRELAND ) KRITI (GREECE ) GREYSTONE ( SWITZERLAND ) EDISON ( ITALY) LUKAGIP ( ITALY) SHELL AUSTRIA ( AUSTRIA) GAS DE FRANCE ( FRANCE ) BURLINGTON ( U.K ) B.G ( U.K ) SHELL ( NETHERLAND ) INA-NAFTE ( CROATIA ) (7) (6) OTHERS (13 ) EPEDECO ( JAPAN ) HBSI ( TUNISIA ) LUKOIL (RUSIA ) CENTURION ( CANADA ) DOVER ( CANADA ) SIPETROL ( CHILI ) S.K CORP. ( KOREA ) PETRONAS ( MALIZIA ) PHOENIX REDUX ( CANADA ) ENERGY AFRICA ( S. AFRICA ) (8) EGYPTIAN ( 10 ) (2) GEISUM GPC GHARIB FORUM PETZEID PICO INT. TRIDENT MASAWA MEGA SAPESCO TOTAL OPERATING COMPANIES (30) TOTAL PARTNERS ( 18 ) NATIONALITIES (21) Operating Companies and Partners In EGYPT UNION TEXAS GHP DRUCKER ( CANADA ) KUFPEC ( KUWAIT ) ODYSSEY ( CANADA )

  9. Gas pricing Modification New Modified Petroleum Agreements 1991 - 2003 11 Expected

  10. Sinai (1) East R.Badran Gulf suaz 29 (2) South October (3) North Ramadan Idfu Eastern Desert Sakarah 28 (4) North Shadwan 34 33 Latest Important Discoveries In G.O.S IDFU FIELD • Discovered in November 2001 • 32.5 MM bbl Added Reserves • Fully Developed Within Less than One Year • ( Fast Track Schedule ) SAKARAH DISCOVERY • Discovered one Year after IDFU Discovery • 80 MM bbl Added Reserves ( largest Discovery • since 1989 )

  11. Latest Important Discoveries In W.D QASR Qasr Jurassic discovery is the most significant gas Discovery achieved in Western Desert Since 10 years ( Very thick pay zone > 600 Ft & wide areal extension) Proven Reserves : 2.1 TCF (Gas) 32 MMB (Condensate) Beside : 2.9 MMB (Oil)

  12. Exploration Activities1993 - 2003 Discoveries DrilledWells

  13. Nile Delta & Med. Recent Successes Success Ratio No. of Wells

  14. Gas Discoveries (July , 2003 - 28 March, 2004) La 52-1 SHELL / N. E. MED. SEA 30M GAS (NOT TESTED) ABU MADI ( MIOCENE ) JAN., 2004 NOURAS - 3 PETROBEL / P. FOUAD MARINE DEVELOP. 12.3 MMSCFGPD K. EL SHEIKH ( PLIOCENE ) OCT., 2003 RUBY - 2 BP / W. MED. DEEP WATER 25.5 MMSCFGPD K. EL SHEIKH ( PLIOCENE ) OCT., 2003 N Kg 45 - 1 - 1 SHELL / N. E. MED. SEA 29.5 M GAS (NOT TESTED) K. EL SHEIKH ( PLIOCENE ) NOV., 2003 FALAK -4 “ST” AGIBA / MELEIHA DEVELOP. 0.67 MMSCFGPD 57 BCPD KHATATBA JAN., 2004 25° 27° 29° 31° 33° 35° 34° ATOUN-1 KHALDA / KHALDA OFFEST. 46.14 MMSCFGPD 411.5 BCPD ALAM EL BUEIB (3G & 3E) JULY, 2003 MED SEA 33° 32° S. BATRA - 2 MERLEON / EL MANSOURA 17.5 MMSCFGPD ABU MADI # 2 ( MIOCENE ) JAN.,2004 QASR - 2 KHALDA / OZORIS DEVELOP. (KHALDA OFFSET) 34.5 MMSCFGPD 1320 BCPD LOWER SAFA ( JURASSIC ) NOV., 2003 Restricted area Restricted area 31° A SINAI 30° WESTREN DESERT IMHOTEP - 1 KHALDA / (KHALDA OFFSET) 5.3 MMSCFGPD 193 BCPD LOWER SAFA ( JURASSIC ) MAR., 2004 S. DABAA 7 – 1 S. DABAA / S. DABAA DEVELOP. 5.2 MMSCFGPD 160 BCPD ABU ROASH ( G ) JULY., 2003 NIDICO – 1 “ UPDIP” PETROBEL / W. ABU MADI DEVELOP. 16.7 MMSCFGPD 27 BCPD ABU MADI (LEVEL #2) (MIOCENE) JULY, 2003 11 Gas Discovery

  15. SAFFRON SIMIAN SETTI Mediterranean Sea HAPY BURULLUS SCARAB ROSETTA N. BALTIM EL TEMSAH BALTIM WAKAR&KERSH NW. QARA SETH MATRUH. ABU MADI PORT FOUAD N. ABU QIR EL WASTANI TAO MANGO ABU QIR W. ABU QIR OBAYIED THEKAH EMRY RAS KANAYES ALEX. W. ABU MADI KAMOSE FALAK DORR KHILALA EL HAMRA. AMAN TAREK W. TUT TUT KANAYES E. DELTA UM BARKA M. NE DISUQ MELEIHA QANTARRA YADMA Salam HOURS LOUTS RAZZAK TANTA S. UMBARKA M. SE N. ALAMEIN ALAMEIN KHALDA KARNA ISMAILIA HAYAT ZAHRA E. RAZZAK BARDY AGHAR QASR SAFIR YASSER CAIRO BED-15 N. ABU GHARADIG NE. ABU GHARADIG WD-19 S. DABAA BED-4 SINAI ABU GHARADIG BED-2 WD-33 DARAG BED-3 QARUN SUDR SITRA – 1&3 BED-1 WD-33/1 W. QARUN MATARMA SITRA – 5 ASL GPC ABU SENNAN WARDA RAS BADRAN BENI SUEF N. OCTOBER RAHMI OCTOBER ABU RUDEIS AMER SIDRI FEIRAN BAKR BELAYIM M. W. GHARIB WESTERN DESERT BELAYIM L. RAS GHARIB GS-300 EL AYUN JULY RAMADAN UM EL YUSR EDFU BADRI EASTERN DESERT KAREEM MORGAN KHEIR NESSIEM YOUNS SHUKHEIR WALI GS 365-373 GARA M. SAQARA AMAL GH 376 SIDKI SHOAB ALI E. ZEIT HILAL GAZWARINA BAHAR-NE ZEIT BAY RAS EL ESH ASHRAFI RAS EL BAHAR GEMSA TAWILA GEMSA-SE GEISUM E. MALLAHA FELEFEL OIL FIELDS RABEH WADI SAHL GAS FIELDS HURGHADA HAREED EGYPT OIL & GAS FIELDS DEC.03

  16. SOLAR- 1 SERPENT SEMIAN TEMSAH SCARAB SETI TENNIN SAFFRON RENGA SIGAN SIENNA SAPPHIRE WAKAR / KERSH N. BALTIM SAURUS-1 DENES TERSA FAHD TUNA BARACODA HJ-1 K-1X SETH BARBONI ROBY-1 HAPY ZARAF-1 ASSAD N. ROSETTA L-1X AKHEN SEMAN OCTOPUS E. BALTIM KARAWAN EL MAX-1 TAO MYAS KAMOSE ABU SIR - 1 S. SQUOIA S. BALTIM ABU SEIF ROSETTA EL WASTANI THEKAH NIDCO ASFOUR NOURAS ABU QIR EL QARAA EL BAHIG KAROUS S.E.PORT FOUAD N. IDKU ABU MADI WASTANI EAST PORT FOUAD DARFEEL EL KING W. ABU QIR KHALALA DESUQ ABU QIR AKIK FAYROUZ SHERBEEN S. BILQAS GELGEL QANTARA MANSOURIYA-1 (4 )More Than 2 TCF S. BATRA ABU MONKAR KABER (8 )From 1 To 2 TCF MANSOURA S-1 EAST DELTA-S From 0.5 To 1 TCF (15) From 0.1 to 0.5 TCF (47) Gas Fields & Discoveries

  17. Egypt’s Basins View From Depth To Basement YET-TO-FIND Nile/Med Western Desert: 11-30 TCF Western Desert Gulf of Suez 1.5-3 BBOE Gulf of Suez Nile/Med 65-110+ TCF Red Sea Upper Egypt Mz 200km

  18. Proposed 2004 Bid Round -1 EGPC 34° 00’ MEDITERRANEAN SEA (11) (9) E. OBAYED S. MARIUT SINAI 32° 00’ (1) (2) (7) S.E. WARDA N.W. OCTOBER W. DARAG ONSHORE (12) 30° 00’ (4) S. W. RAZZAK 29° 00’ S.OCTOBER SINAI (10) (5) (8) N. EL DIYUR (A&B) (3) N. RAMADAN 28° 00’ (13) N. QARUN EZZ EL ORBAN OFFSHORE N. BAHREIN EASTERN DESERT 26° 00’ RED SEA 28° 00’ (6) W. SIDKI GULF OF SUEZ WESTERN DESERT 24° 00’ EASTERN DESERT TOSHKY DEPRESSION AGR. & EXPL. March, 2004 22° 00’ Closing Date : Sep. 30, 2004 26° 00’ 28° 00’ 30° 00’ 32° 00’ 34° 00’ 36° 00’ 34° 00’ 2004 Bid Round –1 (13BLOCKS) PORTS & SHIPPING PARK AREAS NATURAL PROTECTORATE AREAS Bid Round 2004 (13 Blocks, Area 22030 km2) Closing Date Sep. 30

  19. Production

  20. Production Overview • Production Companies 30 • Production Fields 150 • Production Wells 1650 • Offshore Platforms 215 • Offshore and Onshore Rigs 58

  21. Average Daily Production • Crude Oil & Condensates 735 MBBL/D • Natural Gas 3.2 B CF / Day

  22. Crude Oil & Condensate Production by Areas

  23. Actual Oil & Cond. Actual Oil Sustainable Production 2002 / 2003 BBL / DAY

  24. Proven Gas Reserves ( 1982 – 2003 ) TCF 62 62 6.2 Year

  25. Proven Crude Oil and Gas Reserves

  26. Investment in Egypt

  27. Why Egypt ? • Credibility and Political Stability. • Resources Availability. • Incentives and Support Through Government Policies. • Growing Egyptian Market Demands. • Proximity to International Markets. • Reliable Infrastructure and Banking System. • Gained Experience With International Investors. • Skilled and Well Trained Manpower.

  28. MAIN ADVANTAGES OF EGYPT AGREEMENTS * AGREEMENTS ISSUED BY LAW * EXPORT CONTRACTOR SHARE OF CRUDE OIL WITHOUT FEES * CONTRACTOR IS FULLY EXEMPTED FROM TAXES * ALL IMPORTED EQUIPMENTS AND MATERIAL ARE CUSTOM’S EXEMPTED

  29. * REMOVE FACTORS THAT CONSTITUTE RISKS TO CONTRACTORS * DYNAMIC TERMS AND CONDITIONS TO SUPPORT BALANCED CONTRACT MAIN ADVANTAGES OF EGYPT AGREEMENTS

  30. Infrastructure

  31. Natural Gas, Crude & Products Pipeline Network E.G.P.C ` 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 32 32 BALTIM EAST AKHEN Mediterranean Sea HAPY 2,4 24”,47 Km 14”,18 Km 6”,18 Km BS-1 TEMSAH 30” N-9 8”,19 Km N-10 32”,64 Km 12”,64 Km WAKAR 12”, 4 Km WEPCO Gas Fields 12”,3 Km 4”, `18 Km KAROUS N-6 10”, 18 Km N-11 30”,5Km DEMIETTA 12” 6”, `9.5 Km 12”, 7 Km 10”, 5 Km DRFEEL N-1 24” Matruh 36”,47Km 8”, `6.5 Km 16” Port Fouad ELGAMIL 12”, `6.5 Km ABU MADI ABU QIR AM-11 (GARABAA) 6”, `53 Km AM-21 SE 2 14”, 53 Km AM 3-18 ED-3 16”,12 Km SE 1 ED 1 ED-9 PORT SAID 6” 12”,45 Km 12” BAHRA-3 6” 12” 8” EL SHIKH ZOWAID 22”,45 Km Shark EL Tafrea 12” 12” EL MAX 8” Elec. Power Station TALKHA & Indust. Area 12” 12” Alex. Petroleum Co. 20” ZAWIET 8”,100 Km 26”, 42 km Obayied 6” 6” GAZAL 42” EL HAMRA PORT Petrogas Co. 28” 6”,100 Km SHAWA 32”, 50 km Wadi EL Qamar 20.65 Km 31 8” 30”,5.7 km 31 12” BADR EL MAHALLA Kafer 16” 20” 12” EL DEEN EL AMREYA EL Dawar 6” 12” 36”,235 km 16”,168 km 16” SIDI DAMANHUR MIDOR CO 12”,40 km 12” 30” 12” 12”, 1.5 km EL ARESH KRER 12”,59 km GASCO Co. (Petrochemical) 10” ELECT. STATION 20”, 102Km Ard EL Nahda HOUSH Tarek 12”-10” EISSA 22”,35 km 34”, 232 km 6”,17 km TANTA Umbarka Kanayis QUWEISNA 8”,60 km 12”\16” 12” Meleiha 10 ”,48 km 4.5”,17 km BURG EL-ARAB 16” ZAGAZIG 6” Alamein 16”,16 km 12” 12” 4”,9 km 4” 8”,20 km ALAMEIN Razzak 24”, 181 km HI-KESTB 3.5”/4.5”, 55 km BANHA ABU 18” 24” 12”, 60 km 18”\12” SULTAN AGHAR 10”\18” 24” Salam 12”,105 km (PS-56) 12”,130 km ZARIF S. Umbarka Elec. Power Station 8” 18” West Cairo Khepri/Sethos 12”\16” 20”, 68 km 18”, 217 km MOSTOROD Elec. Power Station FARAS 10” 12” Shobra EL Khima 12”, 68 km 3.5”/4.5”,35 km 30 30 10”,65 km EL FARZ 6”\8” QATTAMEYA 24” Sinai RAML 6”, 55 km SUEZ Bed-2 GHAMRA 6”, 7.6 km 14”, 52 km 20” 16” 8”, 7.6 km 18”- 20” 14”,23 km 30” SADAT 6”,23 km EL HAFAYER Bed-3 Abu Gharadig (PS-3) EYUN 24”, 265 km 16”,23 km SIDI KRER-SUMED MOSA Bed-1/15 42” 8”, 14.5 km SUDR 8”, 33 km 8”/ 6”, 3.25 Km DAHSHOR 16” 22 Km 8”,12”,14” EL SOKHNA Abu Sannan 6 ”, 21 Km EL TBEEN 6”,10 km ASL 10” 10” 16”,48.5 km 10”,22 km 14” X- AREA 6”,6 km 6 Km 10”, 260 Km 8”, 22 km 6”,12 km Y- AREA 10 km ABU ZENIMA QARUN T- AREA EL KORIMAT SWS Elec. Power Station 12 ”, 52 Km 14”,12 km 12” EL FAIYUM 20 ”, 5.18 Km WEST QARUN 12” 8”, 5.18 Km 22” 12” RAS BUDRAN 12 ”, 5.18 Km BENI SUIF CEMENT CO. BENI SUIF 12” 36 ”, 5.2 Km EL ZAAFARANA Abu Rudeis (PS-2) 29 29 BENI SUIF Co. 12”, 28.9 Km 30 ”, 38 Km OCTOBER WADI FIRAN 8”, 25 Km 18 ”, 38 Km 16” Western Desert 12”,10 Km 8 ”, 38 Km 12”, 38 Km (Gas Lift ) 12”,14”,16”,18 18”,10 Km 42 Km 26 ”, 39 Km 26” 30 ”, 38 Km 10 ”, 39 Km BELAYIM 12” D-10 PP-1 18”,61 Km RAS BAKR 8 ”, 5.8 Km F-10 RLP 20”, 61 Km RFA SYMBOL PP-3 12 ”, 5.8 Km 10”,110 Km AMER RFB AMER(S) 12 ”, 5.06 Km BAKR(S) 8 ”, 5.06 Km Gulf Of Suez 6 ”, 41 Km EYUN RAS GARRA Branch Control Station UM RAS GHARIB RAMADAN 10” 6” EL YUSR BADRI 24 ”, 13 Km RAS JULY SP-1 PS-1 SHUKHIER MORGAN Valve Room 18” , 20 Km GAMMA GUPCO 36” (GUPCO) 8” EL MINYA 18” , 21 Km GPC City 8 ”, 5 Km 28 8” AMAL 28 6 ”, 22.5 Km 24” 8”,16 Km OSOCO (18”, 16”, 14”, 12”) RAS DIB 6 ” SIDKI (90 km) (78) Refinery 6 ”, 65 Km 18 ”, 40 Km 8 ”, 9 Km 18 ”, 11 Km 18 ”, 18 Km GUPCO HILAL 8 ”, 13 Km PS-104 Crude Oil Pipelines 10 ”, 21 Km 10 ”, 12 Km R-USH 18 ”, 43 Km 14 ”, 12 Km 16 ”, 34 Km 10”/12” 24 ”, 1.6 Km WPD 6 ”, 37 Km SUCO Natural Gas Pipelines 10 ”, 3.7 Km 8 ”, 2.3 Km 12 ”, 12 Km 4” 20”/22” WPC 12” ZEIT 1.76 Km RAS EL BEHAR BAY (GPC) WPB 6 ”, 300 m Oil Field (OAPCO) WPA 12 ”, 5.72 Km 6” LENGTH GEISUM 1.6 Km 4 ”, 1.06 Km 8” WPT Gas Field1 4 ”, 1.12 Km 10.3 Km 8 ”, 60 Km Up stream Crude Oil Pipelines 2932 Km 8 ”, 3.5 Km 8 ”, 65 Km Tie-Inn 8 ”, 8 Km 2393 Km Up stream Natural Gas Pipelines GEMSA Products Pipeline USH ASSIUT ALMILAHAH (MAGAWEISH) REFINERY CO Products Pipeline 2024 Km L.P.G. Pipeline 12” MISR PETROLEUM Co. 27 27 1446 Km L.P.G. Pipeline Condensate Pipeline 14” ASSIUT ELECTRIC POWER CEMENT CO. Down stream Crude + Condensate Pipeline 1478 Km STATION ASSIUT Products + Crude Oil Pipelines CO-OP HURGADA Products +L.P.G. Pipelines TOTAL 10273 Km SOHAG 31 Dec. 2003 o o o o

  32. Oil & Gas Pipelines Network Crude Oil & Products 8000 km Gas 4200 km Total 12200 km

  33. Cement & Ceramic 6% Domestic & CNG 3% Petroleum Sector 10% Fertilizers 10% Industry 9% Power Generation 62% Natural Gas Consumption by Sector in 2003 90 % Of Power Generation Stations In Egypt Were Covered By Natural Gas

  34. Natural Gas

  35. Investors in Gas sector Gas Industry World Class Key Players Investing in Egypt • BG • bp • Edison • Petronas • Merlon • Shell • Eni - Agip • Union Fenosa • Gas De France • Apache

  36. Arab Natural Gas PipelineCont… 2nd Phase Following An International Tender The Egyptian Consortium (EGAS-ENPPI-PETROJET-GASCO) Awarded The Build-own-operate Concession To Establish The Pipeline (370 Km, 36”, Capacity 10 BCMY) From Aqabah To Rehab Completion Date : Jan 2005

  37. LNG Export

  38. IDKU LNG Plant ( ELNG ) The Egyptian LNG Project, one of the largest LNG projects in the world, is being sponsored by the Egyptian General Petroleum Corporation (12%), the Egyptian Natural Gas Holding Company (12%), BG International Limited (35.5%), Edison International S.p.A. (35.5%) and Gas de France (5%).

  39. IDKU LNG Plant Cont… ELNG First Train Inlet Design Capacity 565 MMCFD LNG Output 3.6 MTPA Completion Date 3rd Quarter 2005 Heads of Terms for Train -1 gas sale has been signed with Gaz De France (GDF) on January 2002 for 20 years . Second Train Sales and Purchase Agreement for the Second Train is in its final stages. Capacity of the Second Train is 3.6 MTPA, is anticipated to be on stream by mid – 2006.

  40. Damietta LNG ProjectSEGAS • Inlet Design Capacity : 7.56 bcm • LNG Output : 6.7 bcmy Uonion Fenosa : 4 bcmy EGAS : 2.7 bcmy For Export To Mediterranean Sea & Spanish Markets Completion Date : End 2004 EGAS / EGPC Negotiating with Union Fenosa to have a share 20% of the project

  41. Mediterranean NGL Development Plant Owner: UGD ( GASCO - BP - IEOC With equal shares ) The Project Consists of: NGL Recovery Facilities “ Port Said “ Storage and Shipping Plant “ Damietta “ Inlet Design Capacity: 1100 MMSCFD ( Offshore Gas Field North Port Said ) Annual Products: 330,000 Tons LPG For Local Market 280,000 Tons Propane For Export 1 MMB Condensate For Local Market 500,000 Tons Ethan For Petrochemical Feed Stock Completion Date Mid 2004

  42. Future Business Opportunities (Under Study)

  43. Natural Gas Liquids Extraction (NGL) Objective: Extracting Natural Gas Liquids to Provide Ethane Required for The Petrochemical Industry Location: Various locations on National Gas Grid Capacity:Under Study Investments: US $ 250 - 350 million

  44. Natural Gas Pipelines Projects “UEGP” Upper Egypt Gas Pipeline Objective: Delivery of Natural Gas to Assiut in Upper Egypt Via a Pipeline System Extending for Approx. 250 Km Location: Beni Sweif– Assiut (Upper Egypt) Capacity:Under Study in Collaboration with Ganop and Nile Valley Gas Co. Investments: US $ 150 - 200 million

  45. Petroleum Service Companies ( Engineering , Procurement, Projects, Drilling , Maintenance …. )

  46. ENPPIEngineering, Procurement, Construction, Management • PETROJET Construction, Static Equipment, Offshore Platforms, Manufacturing • PMSOffshore Platforms and Pipelines Installation • EDC Onshore/Offshore Drilling • EMCMaintenance • PETROMENT Maintenance • PAS Petroleum Air Services

  47. Refining & Processing

  48. Refineries Mediterranean Sea Alex 5 MMTON Midor 5 MMTON Tanta 1.7 MMTON Amria 3.7 MMTON 13.7 MM Ton Suez 3.5 MMTON 8.9 MM Ton Sinai 9.9 MM Ton Cairo 7.2 MMTON Nasr 6.4 MMTON Western Desert Gulf of Suez 2.5 MM Ton Asuit 2.5 MMTON capacity 35 MM Ton Red Sea

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