Essar Oil – Company Update
January 2008
Strictly Private & Confidential Confidential Disclaimer
All information and material in this presentation is provided by Essar Oil Limited (“Company”) on an "as is" basis. No information contained herein has been verified for truthfulness completeness, accuracy, reliability or otherwise whatsoever by anyone. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner. This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of Essar Oil Limited (the “Company”) and no part or all of it shall form the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This presentation is not a complete description of the Company. Certain statements in the presentation contain words or phrases that are forward looking statements based on currently held views and assumptions of management which are expressed in good faith. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results, financial conditions, performance or achievements of the Company/Industry to differ materially from those contemplated / implied by the relevant forward looking statement. No opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection and hence, all concerned are cautioned not to place undue reliance on these statements. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.
2 Confidential Table of Contents
Essar Group Overview
Refining Business Overview
Refining Opportunity: Delivering Value
Exploration and Production Business
Marketing and Distribution Business
Management Team
3 Essar Group Overview Confidential Essar: Amongst the Leading Indian Business Houses
Essar Group
Steel Energy Communications Power Construction Shipping Business Business Business Business Business Business
Essar Steel Essar Oil Vodafone Essar Essar Power / Bhander Essar Construction Essar Shipping Power Existing 40 million subscribers 4.6 MTPA Integrated Refining 1015 MW combined ▪ Engineering Fleet of 25 vessels, Steel Plant (‘ISP’) Telecom Tower & cycle ▪ Fabrication DWT of 1.31 mn Refinery Complex - 10.5 Infrastructure Expansion Essar Steel - Hazira ▪ Construction Vadinar Oil MMTPA Essar Power (MP) 3,500 towers Terminal 4 MTPA ISP * Limited – 1200 MW Expanding capacity to Fully geared to execute Terminal facility of 33 Essar Steel Orissa Essar Telecom Retail Essar Power (Gujarat) 34 MMTPA turnkey EPC jobs in MMTPA – Liquid Cargo 6 MTPA Pellet Plant* Chain of over 450 retail Limited – 1200 MW India and Overseas being expanded to 96 outlets Oil Retail Marketing Essar Power MMTPA Algoma Steel, Canada Aegis - BPO Jharkhand Limited – Global Supplies Essar Oilfields 4.0 MTPA ISP 1,274 Retail Outlets 1200 MW (UAE)FZE Amongst the largest Global procurement A drilling company with Exploration & BPO’s in India, with 9 (2) 13 rigs Minnesota Steel, US Vadinar Power company •6 MTPA Pellet Plant* Production Blocks: centers in India and 9 •1.4 biliion tonnes Iron centers in USA • Power Generation Essar Logistics ▪ Ratna, India Capacity of 77MW Ore Reserves BPL Mobile Owns and operates ▪ Mehsana, India being expanded to transshipment assets P T Essar Indonesia ▪ Raniganj, India 1 Million subscribers 457MW 0.4 MTPA cold rolling ▪ Assam Essar Bulk Terminal Complex (1) Kenyan Mobile ▪ Madagascar License • Steam capacity of Dry bulk port facilities (1) Essar Steelhypermart ▪ Nigeria 230TPH being expanded to 2580TPH
(1)Subject to neccessary approvals for transfer (2) In the process of owning a majority stake of upto 74% * Projects under implementation 5 Confidential Rapid Growth in Core Sectors, built on Firm Foundation
2nd Largest • Expanded capacity to 8.6 MTPA in India and Canada with over domestic private US$ 5.4bn investment player Steel • Further expansion of 6.5 MTPA with a US$ 4.9bn investment planned • Set up 10.5 MMTPA refinery 2nd Largest domestic private • Expanding to one of the largest refineries globally - further promoter Energy player commitment of US$ 2 bn
2nd Largest • Built one of the world’s leading integrated sea logistics companies domestic private • Shipping, port, oil-field services, terminals player Shipping • Liquid / solid cargo capacity to expand from 50 MTPA to 130 MTPA
3nd Largest • ~33% stake in Vodafone Essar - Over 40 million subscribers telecom • 3,500 telecom towers and 450 telecom retail stores operator Telecom • Unique expertise in industrial projects across core sector Amongst the Largest domestic • Executed EPC projects worth over US$ 12.5 bn private player Construction
First private • Set up power capacity of over 1,000 MW Independent Power • Expanding to 4,000 MW by 2010 with investment of US$ 3.5 bn to gain pan Plant in India Power India presence Essar Group has grown to become amongst the top five diversified corporate
6 houses in India with assets of over US$ 15 bn and revenues in excess of US$ 8 bn Confidential With A Long-Term Growth Vision For The Energy Sector
Setup Indian retail network of 5,000 outlets and establish footprint in important export markets
Significant Presence throughout hydrocarbon value-chain
Crude Oil - 30% of refining capacity Gas – 100% of group feed stock requirement Target refining capacity – 1 million bpd with state of the art technology
Vision to be a fully integrated energy group with global footprint 7 Confidential Becoming An Integrated Energy Company
Refining Exploration Marketing
● Existing 10.5 MMTPA refinery Domestic International* ● Develop & Maintain well spread ● Ratna ● Madagascar out distribution network ● Expansion to 34.0 MMTPA ● Mehsana ● Nigeria ● Presently 1,274 retail outlets ● Raniganj ● Assam
● Expansion to 34 MMTPA at an ● 50% interest in Ratna and R-Series ● 16 supply points spread across estimated project cost of US$6 blocks in India (Gross 2P reserves of India billion expected to be completed by 146.85 mmbbl of oil and 89.40 Bcf of – 7 terminals and 9 depots gas) December 2010 ● Well positioned to capture ● Significant group synergies, ● 70% interest in CB-ON/3 development petroleum retail growth opportunity including captive infrastructure – block in Mehsana, India (Gross 2P captive EPC, port & terminal facility reserves of 2.71 mmbbl of oil and and power plant 1.58bcf of gas) ● Significant potential from other exploration portfolio Aiming to become an integrated company with global footprint
* Subject to neccessary approvals for transfer through organic and inorganic growth 8 Note: Reserves as per RPS Scott Pickford estimates Essar Oil: Refining Business Overview Confidential Strategically Located World Class Refinery
Operational Highlights ● Recently commissioned 10.5 MMTPA capacity refinery at Vadinar, Gujarat (in November 2006) ● Designed as a cracking refinery utilising FCC as major conversion technology with complexity of 6.1 ● Location advantage at Vadinar, Gujarat ● Internationally acclaimed technology from process licensors (ABB, Axens, Shaw Stone & Webster, Stork Comprimo, Merichem etc) ● Currently capable of producing Euro II/III Products, processed about 45 million barrels of crude ● Significant tax benefits ● Home market demand (PSU and private refiners) could provide strong market for our products
Domestic Demand Customers
Vadinar Euro II / III Markets Globally
Suppliers
Refinery is up and running with key captive infrastructure in place 10 Confidential End to End Infrastructure in Place with Ability to Ramp Up Capacity
22 km 7 km 18 km
SBM COT Water Intake Captive Power Plant Main Refinery
CDU / VDU VBU Treaters NHT / CCR FCCU DHDS ARU/ SRU
Dispatch Area
Truck Gantry Rail Gantry Product Jetty Administration
11 Existing Infrastructure to reduce expansion cost Confidential ..And Ability to Leverage Synergies with Group Companies
Essar Shipping SBM Port Handling Tank Farms
Vadinar Oil Terminal Limited
Refinery
Essar Vadinar Power Construction Plant
Township Essar Steel
12 Refining Opportunity: Delivering Value Confidential Ramping up Capacity to 34 MMTPA with Complexity of 12.8
Base Total Capacity post Particulars Refinery Expansion
12.8 Complexity, 34.0 MMTPA Refinery Details
6.1 Complexity, 10.5 MMTPA API (Density), Avg. 35.5 24.8 Sulphur %, Avg. 2.0% 2.97%
Product Grades Upto Euro III Upto Euro V / US Specs
Designed to handle high acidity crudes upto 2 TAN
14 Confidential ..With Capability to Produce 16 MMTPA Euro V Products
● Largest producer of EURO V MS & HSD from a single refinery location ● Euro V grade maximised at 90% in MS pool ● Euro V grade maximised at 61% in HSD pool Gasoline: 9.6 MMTPA ● Lighter products provide flexibility for potential petrochemical expansion Euro IV 10%
Gasoline 24.7 28.2
Euro V 90% Diesel Diesel: 12.2 MMTPA 31.2 Euro II 35.9 Euro IV 11% 28%
Aviation Turbine 6.0 Euro V Kerosene 7.6 8.1 61% LPG 5.4 2.9 Propylene Others 7.2 3.4 5.3 Fuel Oil 11.3 11.2 Pet Coke
Fuel & Loss Residue 6.6 5.0 10.5 MMTPA * 34 MMTPA*
* Expected and could change from time to time depending on market dynamics 15 Note: Products as % of total Confidential …and Leverage Light Heavy Differential
Ability to Process Wide Range of Crudes Crude Processing Capacity API (Av.) (MMTPA) Light / Medium / Sweet
Sour Leverage Processing ● Since January 2007 the monthly average 0% 15% differential between Bonny Light and Maya has Heavy Sour 10% 34 24.8 been between $13.47/bbl and $18.08/bbl Tough ● Light heavy differential expected to remain high 75% Tough Light / Heavy Sour 10% Sweet 20% 30% 35.5 And Leverage Light Heavy Differential 10.5
100 Medium / Sour 40% 90 80
70
60 Value - $/bbl Value - 50
40 Jan-06 Apr-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Bonny Light Arab Light Arab Heavy Maya Source – Bloomberg
16 Confidential Expansion Scheduled to Come On-stream in 2010
Train I Train II UOP Mandated Development Optimization Expansion
● Maximize Euro V ● UOP developed LP ● 10.5 MMTPA to 16.0 ● 18 MMTPA capacity product slate model and carried 300 MMPTA configured ● Heavy, sour acidic LP runs ● Revamps, modification ● Mostly Repeat units crude acidity processing ● Final configuration for and addition of new ● Integration with Train I ● Petchem integration Train I and II process units
2007 2008 2009 2010 Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Refinery Expansion10.5 to 34 MMTPA
Basic Engineering
Detailed Engineering
Procurement of Long lead Items Delivery of Equipment/ Material
Construction/ Erection
Mechanical completion
Oil in ● The upgradation of existing assets would add to interim cash-flows until 2010 ● Procurement of Long Lead items to be complete by Q2 2008 Project is On Track to Create the Refinery 17 Confidential On Track with Support from World Class Partners
● Essar Oil Limited’s PMC subcontracts EPC work
Basic Detailed Procurement Construction Engineering Engineering
● Overall Basic ● Overall Detailed ● 40% of enquiries for the ● Site already mobilised Engineering completion Engineering Completion equipment and bulk with base refinery status – 90% - Balance Status – 20% - Balance materials already contractors, equipment by 1Q ’08 by 1Q09. floated & workers ● LLI Datasheets ● Overall Plot Plan Layout ● All LLIs to be ordered ● Civil work for expansion generated on high frozen & Unit wise by 2Q’08. has commenced priority kick start layout of most process ● 75% of Balance procurement units, utilities & Equipment/Materials to ● Completed Basic infrastructure facilities be also ordered by 2 Engineering for all units completed – fronts and Q’08 for Trains I & II except drawings released to five units commence civil work Key Contracts
Engineering
Construction
Leverage existing vendor relations for rapid execution of expansion 18 Confidential Planned to be Financed through a D/E of 1.3:1.0
Estimated Project Cost for Expansion Low Cost of Capital
Cost Head US$ milllion (%)
34.0 MMTPA 1037 Land & Buildings 50 1% Plant & Machinery 4,614 77% 18.0 MMTPA 797 Project Management & Engineering Fees 246 4% Preliminary & Preoperative Expenses 105 2% 10.5 MMTPA 2630 Financing Cost 656 11% 0 500 1000 1500 2000 2500 3000 Contingency 329 5% Cost (USD/bpd/complexity) Total Project Cost 6,000 100.00
Key Highlights
● GDS infusion of US$ 2bn by promoters in two tranches ● Base refinery to be virtually debt free post GDS ● Fresh debt of upto US$ 5.3 billion to be raised through ECB and INR Loans
Current financing structure provides adequate flexibility for 19 future requirements and growth capital Confidential Refinery Business: Set to Deliver Strong Value
StrategicStrategic Location,Location, ProximityProximity toto Materials,Materials, AccessAccess toto EndEnd MarketsMarkets
IndiaIndia EmergingEmerging asas aa GlobalGlobal LeverageLeverage ExistingExisting ProjectProject RefiningRefining HubHub ExecutionExecution CapabilitiesCapabilities andand InfrastructureInfrastructure
OneOne ofof thethe LargestLargest SingleSingle RefiningRefining IndustryIndustry OutlookOutlook LocationLocation RefineriesRefineries GloballyGlobally –– RemainsRemains StrongStrong EconomiesEconomies ofof ScaleScale BenefitsBenefits
HighHigh Complexity,Complexity, CostCost Competitiveness,Competitiveness, ProductProduct FlexibilityFlexibility andand HighHigh GRMGRM PotentialPotential
Building an Environmental Friendly “Green Merchant Refinery”
20 Exploration and Production Business Confidential E&P Assets
Develop: CB-ON/3 ● 70% operatorship interest in Mehsana ● Estimated working interest reserves of 0.60 mmbbl of Assam oil & 0.61bcf of gas(1P) ● 2 exploration blocks (100% and 1.90mmbbl of oil & interest) 1.11bcf of gas (2P) Note: Reserves as per RPS Scott Pickford estimates West Bengal Ratna ● 100% interest in RG(East)- ● 50% joint operators interest CBM-2001/1 block in in Ratna & R series blocks Durgapur, WB ● Estimated working interest reserves of 41.14mmbbl of oil and 26.72 bcf of gas (1P) and 73.43 mmbbl of oil and 44.70 bcf of gas Nigeria * (2P) ● 63% interest in OPL 226 exploration block Madagascar * ● 3 exploration blocks (100% interest)
* Subject to transfer to EOL
22 Strong E&P footprint with plans to bid for more blocks in the next NELP round Confidential Ratna & R-Series Development Fields
Participating Interest ● Essar - 50%, ONGC - 40%, Premier Oil - 10% with Joint operatorship
● 90 km South West of Mumbai in petroliferous regions of Bombay High, Bassein, Heera and Location Neelam fields
Area ● Aerial extent of ~ 1,000 Sq Km with 45-50 meters water depth
● 38 exploration and 10 development wells drilled previously. Nearby discoveries in Panna, Mukta, Work Done Heera and Neelam
Petroleum System ● Crude Quality 35 - 39° API
Development Plan ● New wells, reactivation of old wells, refurbishment of infrastructure and construction of new pipeline
Estimated Working Interest ~ 80.88 mmboe Reserves (2P) - Crude Oil (2P) 73.43 mmbbls - Natural Gas (2P) 44.70 bcf Block to reach 2P 2P certified
Note: Ratna block development Subject to neccessary approvals 23 Reserves as per RPS Scott Pickford estimates Confidential CB-ON/3 – Mehsana – Development Field
Participating Interest ● Essar – 100% (70%) with ONGC – 30% (back-in rights on discovery)
Location ● Petroliferous Cambay basin of Gujarat, India having a string of discoveries
Area ● Original area of 574 Sq Km
● 180 Sq Km of 3D seismic has been acquired, 1,300 Lkm of 2D reprocessed and 8 wells drilled Work Done ● 5 prospects identified and discoveries in 3 prospects - Prospect B, Prospect A and Prospect F
Petroleum System ● Crude quality: Varying between 12° API to 35° API
Development Plan ● Exploratory drilling in progress in Prospect G
Production Profile Prospect B Estimated Working Interest 2.09 mmboe Reserves (2P) - Crude Oil (2P) 1.90 mmbbl - Natural Gas (2P) 1.11 bcf Prospect to reach 2P 2P certified Commercial Production Q1 FY 2007-08
24 Confidential Block OPL 226 – Nigeria
Participating Interest ● 63% interest in OPL 226 exploration block
Location ● Nigeria
Petroleum System ● Crude quality: around 35° API
Development Plan ● Work commitments include G&G studies, 3D seismic and drilling of wells
Exploratory wells (nos.) 3 Appraisal/Prod. wells (nos.) 8
No. of Platforms 2
25 Confidential Raniganj CBM Block
Participating Interest ● Essar -100%
Location ● Coaliferous belt of the Eastern Raniganj Coalfields, West Bengal
Area ● 500 Sq Km
● Exploration Phase I commenced 29th March 2005 and voluminous data on coal has been Work Done generated since
● Drilling of horizontal multilateral test wells for establishing the test flow potential of Raniganj Coal Development Plan seams likely to begin in the 2nd quarter of CY2008
No. of Multilateral wells 90
Calorific Value 850 btu
DURGAPUR
26 Marketing and Distribution Business Confidential India: Amongst the world’s fastest growing energy consumers
Demand & Supply of Oil Per Capita Consumption of Energy (kgoe) 400 10 Constrained supply builds pressure on additional capacity... 360 In per-capita consumption India ranks 20th 350 8 300
250 6 190 200 170
4 150 120 120 (million tons) 100 70 80 2 40 50 30 30
0 0 a a l d A a in zi a a S i ia h ra si ia d U ab l ia e e d rl an r tra s c a y B n In o 1990-00 2001-02 2006-07E 2011-12E 2024-25E C A s us n re n n . o i u ra o a a K nd W A R F K m p . n ly I aud h r a U ai a e a S e J p It in ic n out G S a fr ra co Source: Government of India and EOL estimate. Production+Oil Equity Demand Source: IEA kr A I xi S U h e t C ou M S Petroleum Products Demand Petroleum Demand Supply trends
160 190 140 120 170 100 150 80 130 (Mton) 60 onnes pa 40 110
20 million t 90 0 70 8 1 4 E E 9 0 0 -06 7 0 7- 8-99 0- 1-02 3- 5 0 1 50 9 9 0 0 0 0 8-09E 9 9 0 0 0 004-05 0 0 1 1 1999-002 2 2002-032 2 2 0 2006- 2007-08E2 2009- 2010-11E
LPG Gasoline Naphtha Kerosene Diesel Fuel Oil Others 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Source: Government of India and Crisil Consumpion Refining Capacity Source: Government of India and Crisil Refining Capacity excluding committed exports 28 Confidential Oil Distribution and Marketing
Presence across India with 1,274 retail Outlets
y First private company in India to enter petro-retailing Own Supply Points spread sector (2003) through a franchisee model all across India
53 8 8 53 3 y Existing platform can be rapidly ramped up after 2 1 19 emergence of favorable regulatory policy 175 4 4 93 30
30 1 1 y Existing government subsidies for transportation fuels 103 187 37 unfavorable for development of retail marketing 2 1 33 163 y MoU with some Oil Companies for product offtake 16 supply points - 7 and infrastructure sharing 73 terminals and 9 depots 69
y Focus on exports / OMC & bulk domestic sales in 1 prevailing pricing regime 59 35
29 Designed to optimize profits as well as balance short and long term objectives Management Team Confidential Experienced Management Team
Senior Management Naresh K Nayyar Managing Director Chartered Accountant and IIM, Ahmedabad Alumnus 33 years of experience in Oil & Gas sector including development of multi billion dollar project, new markets and global operations in Oil & Gas Industry Was on the Board of reputed companies like IOC, ONGC, IBP and Petronet LNG Suresh Mathur Whole-time Director Chartered Accountant with over 40 years of experience mainly in Oil & Gas sector Was the CEO & MD of Petronet LNG Limited, which under his leadership set up India’s first LNG import and regasification terminal of 5 MMTPA capacity at Dahej and was Director Finance at IOC
Sourcing Refining E&P Marketing
Daryl Pattison Eion Turnbull S. R. Agrawal Mr. Thangapandian Head – IST Head – Refinery Head of the E&P division Head - Marketing 35 years of working internationally Over 27 years of experience in Chartered Accountant with over Over 25 years of experience in the Oil in the energy industry operations, research and 30 years experience in oil & gas and Gas industry in Sales & Marketing Responsible for the International technology and projects supply and Trading
V Suresh Adi Shroff Raj Verma Sheikh Shaffi Mohan Kumar CFO – Refinery CIO – System Engineer Head - Buss. Development Company Secretary Head – HR Qualified Chartered Over 36 years of IT 47 years of experience in Over 30 years of experience in Post Graduate from XLRI Accountant & Company experience Indian oil industry Legal, Secretarial, Compliances Certified instructor for Blake and Secretary Mounton’s GRID Management Over 25 years experience programs across IB/ consultancy/ Industry across verticals Strong and Experienced Management Team in Place 31 Confidential Experienced Execution Team
Shyam Bagrodia Gordon Clarke B. K. Mukherjee President – Refinery Expansion Project Director – PMC Group Technical Head
B. Tech (Hons.)- IIT, Kharagpur ; MBA from B.Sc. (Hons) from Salford University Chemical Engineer with an illustrious experience University of Rochester, NY Over 31 years of rich experience, 9 years as Project of more than 38 years with IOCL as Executive 37years experience in Chemical, Cement, Director at Foster Wheeler and 4 years as Head of Director of Gujarat Refinery for 2 years & the Edible Oil and Petroleum Industries; including Central Planning at Shell Brunei Executive Director of Haldia Refinery for 3 years setting up of Green Field Projects Responsible for completion & commissioning of Worked with LASMO, Kerr McGee Oil, Davy Project Leadership Worked with the refinery since inception; Base Refinery after restart in 2005 managed Commercial, Financial & ABB Offshore Ltd., Heerema/Lewis Offshore, Shell Expro Blair Jackson Shailesh Sawa Eugene Schmelzer Head – Construction (PMC Group) CFO – Refinery Expansion Consultant - Technical Services
B.Eng (Hons) from Bolton Institute Chartered Accountant & Cost Accountant B.S.(Chemical) from Case Institute of More than 23 years of project construction More than 25 years of experience into Technology and a certified Six Sigma Green Belt management experience in the O&G industry Corporate Finance having worked with Gujarat Recently retired as Director of Engineering after Previously worked with Bechtel OG&C Ltd. as Ambuja and SEBI a career that spanned more than 38 years of rich a Project Construction Manager, John Brown experience with UOP overseeing Refinery Hydrocarbons Ltd., Kvaerner Process (UK) process technology, R&D and process design Ltd. engineering areas D.K. Jha D.K. Shukla Albert Rolnik Head – Refinery Execution (OSBL) Head – Refinery Execution (ISBL) Consultant - Refinery Expansion
Project Execution MBA from IIPM, Gurgaon and B.Tech PG Diploma MBA from I.I.Sc, Bangalore and MBA from Northwestern University and B.S. (Chemical) from IIT Kanpur B.Tech (Chemical) from HBTI, Kanpur (Chemical) from Carnegie Mellon University Over 25 years of experience and has joined us 30 years experience and has previously 38 years of rich experience, has retired as from Reliance Industries where he was heading worked with Reliance Industries as a Sr. VP Project Director - Engineering from UOP and has Economics Planning & Scheduling for 3 years leading the process engineering for 6 years overseen detailed engineering Chief Operator for UOP at NNPC Nigeria and Worked earlier with Engineers India Ltd., MW has worked with IOC, Barauni Refinery Kellogg (Houston), BOC Gases
Strong and Experienced Project Implementation Team 32 Thank You