PROJECTS DEVELOPMENT GROUP

CRUDE OIL REFINERY

Petrixo Group is in the process to Build, Own and Operate A Grass Roots Oil Refinery in the Arabian Gulf Region with refining capacity of about 240,000 Barrels per Stream Day of Arabian Crude Oils and Condensate converting it to High-Value Fuels and Petrochemicals Feedstock. The Arabian Crude Oils and Condensate will be secured from GCC producers on long term supply.

Petrixo refinery is designed to utilize the latest Up-To-Date available and highly developed technology available in the refining processes and integrated with a Petrochemical Complex.

The planned average storage capacity of Petrixo Refining-Petrochemical Project is about five (5) Million Barrels for Crude Oil and Ten (10) Million Barrels for the Refined Petroleum Products and Petrochemicals.

It is projected that, Petrixo will invest in excess of about US$ (2.8) Billion in its Refinery and Petrochemical Complex. Petrixo is in an advanced stage to proceed with this project including all necessary approvals & Site evaluation, where major Financial Institutions and Contractors are heavely involved.