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Refinery, for the Internal Supply of Ecuador

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Refinery, for the Internal Supply of Ecuador MUELLE HYDROCARBON STORAGEAND PROCESSING COMPLEX LATIÑOSA MANABI-JARAMIJO Detailed Description of the Project Background Exactly eleven years ago, and seeing, the needs that his country dra- gged into the oil derivative supply systems, emerged from the SR. DILMER PALACIOS ANDRADE the desire and more, than a simple desire, an urgent need to build two large works of progress or mega projects that will carry forward an industrialization and modernization of the systems of supplies of petroleum, fuels, derivatives and petro- chemicals, in the Latin American zone, with the main focus in Ecua- dor. The country has an important geographical position in South America. We are listed as the center of the world, but also, it has a province that is conducive to the construction of a dock, with its res- pective fuel storage center, and precisely because of its geographi- cal location we speak of MANABI-JARAMIJO. Currently, Latin America does not have a storage complex that res- ponds to the growing demand for oil, fuels and derivatives. There is no storage complex that meets the demand of both Latin America and the Caribbean area. The LATIÑOSA HYDROCARBONS AND PROCESSING STORAGE COM- PLEX is born, to solve the existing problem and as the only viable alternative for all of South America and the Caribbean. With the supply interrupted by PDVSA, the crisis worsened, increasing every day the shortage of all the countries that make up MERCOSUR. With the full operation of the Hydrocarbons Storage and Processing Complex, you will take an efficient respite in the supply, storage and distribution of hydrocarbons, which will meet all the expectations of a growing market, throughout the Latin American area and Carib- bean 1. YOUR RAINBOW MUELLE The Latin American zone demands day-to-day conditions that meet the needs of a serious, reliable supplier, and that maintain the cons- tant and fluid supply of fuels, that is not interrupted by storage capa- city problems, and which, in turn, have as a simultaneous equipment a dock that allows the arrival of larger tonnage ships. CORPORATE VISION OF THE PRESIDENT & CEO As a corporate policy COPROPECAENERGY S.A., it has been propo- sed to encourage projects of high importance within a sector that stimulate foreign and national investment, in order to generate resources that allow sustainable development within the Ecuadorian oil market. OBJECTIVE OF THE CONSTRUCTION OF THE SPRING Latiñosa The construction of the Latiñosa pier comes to respond and satisfy the entire area, mainly to Ecuador. The Complex of Storage of Hydro- carbons and Processing Latiñosa, would come to fulfill a specific function as a supplier to the countries that make up Mercosur (Pana- ma, Colombia, Peru, Chile, Paraguay, Uruguay, Argentina, Bolivia and Brazil) Las Antillas (Aruba, Curaçao , Puerto Rico, Dominican Republic, Haiti, Jamaica, Bonaire) including the Central American zone, which are countries considered RETAILERS, precisely because they do not have a dock and storage complex with a capacity like the one we intend to build. COPROPECAENERGY S.A., is not a TRADING or RE-SELLER is a MAJOR supplier, and as such, does not lose the optics and opportunity to serve a market segment as important as this. For example, these regional buyers do not have a storage structure of more than 50,000 (MT) metric tons of fuel or crude, and are unable to access purcha- ses from other suppliers, which, in their market policy do not meet purchase orders or sale of less than 100,000 (MT) metric tons per month. It is a market where COPROPECAENERGY S.A., is penetrating without problems, we are not talking about starting or conquering a 2. YOUR RAINBOW MUELLE market, but it is already prepared and ready to be served by COPRO- PECAENERGY S.A. Each regional buyer generates a volume of pur- chases per year of 600 thousand metric tons of fuels, and its average monthly consumption is 50 thousand metric tons, which represent USD 180 million dollars in purchases annually. The entire area generates purchases in the order of USD 1.9 billion per year or more. This is where COPROPECAENERGY S.A., will play and do an important job as a supplier MAJOR, serving a market segment as important as the one we have mentioned. COPROPECAENERGY S.A., works and will work under the model and commercial policies of large compa- nies or multinational corporations. These MAJOR industries in turn de- velop an important commercial work (MARKETING), which consists in bringing the product directly to the final consumer, breaking a long and endless chain of intermediation. IMPLEMENTATION OF THE HYDROCARBON STORAGE COMPLEX AND PROCESSING COMPLEX PROJECT The construction of the “Latiñosa” hydrocarbon storage complex whose storage capacity will be 36,650,000 barrels, equivalent to 5 million metric tons per month between oil, fuels and derivatives, vastly exceeding all installed capacity in the area. Currently, COPROPECAE- NERGY S.A, has established very important conversations with finan- cial institutions that can contribute about USD 8 or 9 billion dollars. This financing will be negotiated directly by the CEO of COPROPECAE- NERGY S.A., and the team of economic advisers of both parties. It will be a 100% PRIVATE work, the Ecuadorian government will only provide its collaboration, facilitate and expedite environmental per- mits, operating licenses and the immediate approval of a law, which allows the development of all projects to be executed in the 2020/2026 period under The management and administration of CO- PROPECAENERGY SA, which will be developed under the Organic Code of Production, Commerce and Investments within the regime of a Special Economic Development Zone (ZEDE) that will be imple- mented jointly with the improvement of the investment project. 3. YOUR RAINBOW MUELLE SEA PORT GROUP: It is an American company, specialized in the construction of docks and ports, has a vast experience of more than 30 years, and has made constructions and designs according to the needs, of the countries where they have made works for ships of great draft. SEA PORT GROUP, carries out all maritime research and studies where construction is required and finally issues its comments. COMPLEX OF STORAGE OF HYDROCARBONS AND LATIÑOSA PROCES- SING At present COPROPECAENERGY, S.A., has very advanced conversa- tions with a company specialized in the construction and design of tanks according to the type of fuel to be stored, and they are built according to the strictest certifications of North American internatio- nal regulations. METHOD OR SYSTEM TO BE USED FOR DEBT PAYMENT COPROPECAENERGY S.A., belongs to the HOLDING PALACIOSANDRA- DE. In 2016 COPROPECA CA, initiated conversations to obtain an allo- cation from the NNPC / SHELL (NATIONAL NIGERIAN PETROLEUM COR- PORATION) owned by the government of Nigeria, for the amount of 2 million barrels of Bonny Light oil per month, equivalent to 24 million barrels per year, with their respective license authorized by the NNPC / SHELL and certified and registered by the Ministry of Energy and Petroleum of Nigeria, to market and export such product. This Nigerian oil allocation is intended to be implemented in two directions: 1) The commercialization of 50% of this quota destined in the payment of the debt that COPROPECAENERGY SA, will contract with the financial institution that will endorse the project of the cons- truction of the COMPLEX OF STORAGE OF HYDROCARBONS AND PRO- CESSING Latiñosa Manabí Jaramijo. 2) The remaining 50% will be processed and distilled at the Latiñosa refinery, for the internal supply of Ecuador. This license and allocation 4. YOUR RAINBOW MUELLE of oil of which we talked about previously, will allow to commercialize a maximum of 5 million barrels of crude oil per month to international or multinational buyers, duly qualified, that mean USD 3,300 million annual dollars in sales. We can say with total certainty that we will have a current asset that will exceed all expectations. These assignments (Title-Holder), as you can see, will have an asset that will support an excellent return on investment (IRR). However, every investment presents risks, but the investment risk on this project we are talking about is not a threat so that a financial institution does not approve or endorse the financing of the work, and not approve the viability of the project. Unlike other countries in the area where country risk is considered at 50%. COPROPECAENERGY S.A., has the capacity to pay the debt that it will contract with the investing party or the financial institution that provides us with the credit line, or by demonstrating the financial capacity with a bank guarantee. Our calculations based on our own experience in the hydrocarbons market, indicate that the debt is feasible to pay in 12 years minimum and maximum 15 years without including the grace period contem- plated for 2 years. In addition, in advance we have established very effective commu- nications with other international suppliers of excellent commercial reputation, with the aim of expanding our network of reliable and safe suppliers, which we will present to our customers to give them a much safer alternative in the constant supply, Towards a selective market that demands quality service every day and is comprised of three very fundamental aspects: COMPETITIVENESS, PRICES AND COMPLIANCE IN TIME AND FORM. However, in parallel to all this we are in the process of registering with other oil companies in the world to expand our annual oil quotas. and increase our ability to pay and systematically sell. One of the primary objectives is to try to pay the financial commitments in the shortest possible time. We have three very important aspects to carry out this purpose as they are: market insurance, very competitive prices and, exact and precise complian- ce in the delivery times of products anywhere in the world.
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