U N A Commercial Agencies

The Unaoil Group of Companies is active in the energy sector in the principal oil-producing areas of the world, namely Algeria, Angola, Azerbaijan, Iraq, Kazakhstan, Libya, Nigeria and the United Arab Emirates. We are head-quartered in Monaco with service offices in London. With over 35 years experience in the energy sector and 250 employees globally, the Groups activities fall into three categories: integration, market consultancy and local infrastructure support. The Unaoil Group at the Iraq Mega Projects conference in Istanbul From 26th to 28th October 2010 the Unaoil Group sent a delegation to the Iraq Mega Projects conference and exhibition in Istanbul, Turkey. The event provided a good opportunity to learn more about the business prospects in Iraq as well as to meet industry participants. The conference was attended by many companies active in the oil industry. Many of these were interested in EPC contractors and were looking fora capable company with a strong presence in Iraq to assist them on the ground. The exhibition provided a good opportunity to elaborate upon Unaoil's local content capability as well as to discuss upcoming projects in Iraq with industry partners. Also two of our Iraqi team members were interviewed for radio and television. The Unaoil Group at the Basrah International Oil & Gas Conference and Exhibition From 25th to 28th November 2010 the Unaoil group attended the first International Oil & Gas Conference and Exhibition held in Basrah, Iraq. Unaoil's stand was visited by several leading organisations, including representatives from SOC, MOC, SGC, SCOP, South Refineries, Oil Products Distribution Co., the Ministry of Industry, the Ministry of Oil, ABB, Clyde Union Pumps, Lukoil, Petrofac, Siemens, TBI, and TMK among others. The conference also provided a good opportunity for informal discussions with industry partners about upcoming projects in Iraq. On the whole the exhibition was considered a success and our Iraqi team is intending to participate in the 2011 event. Iraq Crude Oil Export Expansion Project Unaoil Engineering and Construction (UnaE&C) is currently constructing the on-shore component of the Iraq Crude Oil Export Expansion Project. The Iraq Crude Oil Export Expansion Project (ICOEEP) is perhaps the most important strategic project in the Iraqi Ministry of Oil's Master Plan. The Crude Export Facility of Southern Iraq currently exports approximately 1.8 MMBOPD from the KAAOT and ABOT offshore terminals. The oil is transported from onshore facilities to the offshore terminals through two 48 inch export pipelines for ABOT and one 42 inch and two 32 inch pipelines for KAAOT. The KAAOT terminal has previously suffered damage and so the majority of the oil is exported through the ABOT terminal. The current export facilities and pipelines were built in the 1960s and 1970s and designed for a 20 year life, with the proper maintenance. The Ministry of Oil Master Plan 2007 has the objective of developing further offshore loading facilities to enable export capability of 4.5 MMBOPD (excluding exports from KAAOT) within 5 years. The 4.5 MMBOPD export capacity will be made up of 1.8 MMBOPD from ABOT and 2.7 MMBOPD from the new facilities. New facilities include Phase 1 (two 48" pipelines and two SPMs), Phase 2 (additional SPM and Control, Metering & Manifold Platform) plus a future pipeline and SPM. Phase 1 and Phase 2 together are targeted to achieve 1.8 MMBOPD The scope of Unaoil's responsibilities include: UNAOIL S.A.M. (HQ) Le Monte-Carlo Sun 74 Boulevard dItalie MC 98000, Monaco Tel: +377 97 70 05 60 Fax: +377 97 70 34 47 [email protected] www.unaoil.com