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Executive Summary –Midgard Oil & Gas LLC FZCTank Farm & Waste Oil Refinery Projectin Fujairah (UAE)STRICTLY CONFIDENTIALMay 2019, Rev. 2.0
Fujairah Tank Farm & Refinery ProjectStarting Position & ObjectiveStarting PointObjective MIDGARD Holdings Ltd., a company incorporated underthe laws of Mauritius (Reg.No.: 115750, FSC License No.:C213020001) is the applicant for the funding of theprojects in Fujairah (UAE). As Fujairah is geopolitically the perfect location(supply side and access to markets) to construct andoperate a tank farm & waste oil refinery, that s whyMIDGARD Holdings Ltd. intends to establish thisproject in Fujairah (UAE). In order to be in accordance to the laws of Fujairah, twocompanies have been incorporated in the Freeport ofFujairah, namely MIDGARD Oil Hub LLC FZC (Reg. No. 19FZC-1912 – License No. 4133) – Petroleum TradingCompany - and MIDGARD Oil & Gas LLC FZC (Reg. No.19-FZC-1918 – License No. 4139) – Tank Farm andRefinery operator. An account has been opened with Abu Dhabi IslamicBank (ADIB), branch of Fujairah (UAE) as per request ofthe funder. All above mentioned MIDGARD entities are free of anyloans and up to now have been fully funded by itsshareholders.MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZC A plot of land has been identified and reserved forMIDGARD Oil & Gas LLC FZC with the extent of106,737.2 m² for the construction and operation of atank farm storage facility and a waste oil refinery(phase 1). In direct neighborhood another 50. –60.000 m² can be added in a phase 2 for theextension with further crude oil storage tanks. HH Sheikh Saif Hamad Saif Alsharqi is the localsponsor of MIDGARD Oil & Gas LLC FZC and haspromised full support on grounds of Fujairah (UAE). A brief synopsis on the key parameters of project isshown on the following pages (Executive Summary).STRICTLY CONFIDENTIALMay 20192
Fujairah is the perfect LocationFujairah is the basis for MIDGARD Oil & Gas LLCFZCWhy Fujairah?Fujairah is the best location forMIDGARD Oil & Gas LLC FZC andMIDGARD Oil Hub LLC FZC as itserves the elements for successfultrading operations: geopolitical location with shortdistances to the oil producers Fujairah is the world s #2bunkering hub Fujairah is a tax free zoneMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 20193
Fujairah (UAE) is the perfect locationBackground Information on project parameters Fujairah is the best location for MIDGARD Oil & Gas LLC FZC as it serves the elements for successful trading operations(bunkering 1) and waste oil 2) refining supports the trading operations in best way):- geopolitical location with short distances to the oil producers- Fujairah is the world s #2 largest bunkering hub (#1 Singapore, #3 Rotterdam)with more than 12 million m³ of bunkering capacities ( petrochemcial storage)- Fujairah is a tax free zone- excellent market opportunities(domestic markets in UAE huge demand from African and Asian countries)- by 2020 a new loading terminal facility shall be taken into operation, which raisespotential for bunkering waste oil refining We identified and reserved a plot of 106,737.2 m², which will be leased toMIDGARD Oil & Gas LLC FZC, the according licenses have already been issued1) bunkering processby the Fujairah authorities for the construction and future operation of atank farm as well as a waste oil refinery:- tank farm for various petroleum products with approx. 400,000 m³ storage capacity (phase 1) additional tanks withapprox. 434,000 m³ for crude oil (phase 2) incl. infrastructure (office, piping, pump station, power water suppl, matrix, etc.)- waste oil refinery with approx. 250,000 m/t refining capacity as integral part of the entire project area1) See scheme of bunkering process.2) “Waste oil” is defined as any petroleum-based or synthetic oil that, through contamination, has become unsuitable for its original purpose due to the presence of impurities or loss of originalproperties. Any oil contaminated with hazardous waste may itself be a hazardous waste, and if so, must be managed subject to hazardous waste management standards. Both used oil andwaste oil require proper recycling or disposal to avoid creating an environmental problem.MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 20194
Fujairah Oil Industry Zone (FOIZ)Overview on LocationMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 20195
Overview on Group of CompaniesShareholding StructureD.I. Vermögensverwaltungs- undBeteiligungs GmbHManaging Partner:Oliver A. DittmarRegistration No. HRB 215 240GERMANY100%MIDGARD Holdings Ltd.CEO:Thierry M.F.G. CATHERINERegistration No. 115750FSC License No.: C213020001MAURITIUSTANK FARM & REFINERY OPERATIONS90%THE BORROWERMIDGARD OIL & GAS LLC FZCThierry M.F.G. CATHERINEHH Sheikh Saif Hamad Saif Al SharqiRegistration No. 19-FZC-1918License No. 4139FUJAIRAH (UAE)90%MIDGARD Oil Hub LLC FZCThierry M.F.G. CATHERINEObaid ALYAMMAHIRegistration No. 19-FZC-1912License No. 4133FUJAIRAH (UAE)MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCTRADING & MANAGEMENTSTRICTLY CONFIDENTIALMay 20196
License and Certificate of IncorporationMIDGARD Oil & Gas LLC FZCMr. Thierry M.F.G. Catherine holds presently 90% of the shares for and on behalf of MIDGARDHoldings Ltd. (Mauritius), 10% are held by a local sponsor (HH Sheikh Saif Hamad Saif Alsharqi)MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 20197
Share CertificateMIDGARD Oil & Gas LLC FZCMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 20198
Articles of Incorporation (8 pages)MIDGARD Oil & Gas LLC FZCMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 20199
Bank Account with Abu Dhabi Islamic BankMIDGARD Oil Hub LLC FZCUpon request an account has been opened with Abu Dhabi Islamic Bank (ADIB)branch in Fujairah (UAE). MIDGARD Holdings Ltd. (Mauritius) would be theborrower of funds, but due to according funding agreements between theholding company (MIDGARD Holdings Ltd.) and the daughter companies(MIDGARD OIL HUB LLC FZC MIDGARD OIL & GAS LLC FZC) the transfer could bemade directly to the accounts of the daughter companies.Beneficiary Name: MIDGARD OIL HUB LLC FZCAED current account : 18927469IBAN : AE980500000000018927469USD current account : 18927470IBAN : AE710500000000018927470Mr. Thierry M.F.G. Catherine, CEO of MIDGARD OIL HUB LLC FZC, is signatory tothe account.The application for the account of MIDGARD OIL & GAS LLC FZC has been delayeddue to Ramadan, but the account opening shall be completed within June 2019.MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201910
UAE is the perfect location for such projectBackground Information UAE is the best location for MIDAGRD Oil Hub LLC FZC as it serves the elements for successful trading operations(bunkering and waste oil refining supports the trading operations in best way):- geopolitical location with short distances to the oil producers- Fujairah is the world s #2 largest bunkering hub (#1 Singapore, #3 Rotterdam)with more than 12 million m³ of bunkering capacities ( petrochemcial storage)- Fujairah is a tax free zone- excellent market opportunities(domestic markets in UAE / Middle East huge demand from African and Asian countries)- International Banking Structures Aside from crude oil the petroleum products traded are Gasoline, Gasoil, Fuel Oil, Bitumen Potential partners/stakeholders for trades are as follows:- Suppliers / Sellers (National Oil Corporations, Refineries, etc.), such as ADNOC, SOMO, Saudi Aramco- Exit buyers (Governments, Traders, Refineries, Endusers, etc.), target market Asia - including China and Japan - and Africa(governmental oil corporations) Africa, local supply to companies like GPS Chemoil, Mabanaft, Aegean, ILFS- Network partners (other traders like Trafigura, AOT Energy. bankers, etc.) the BC model is based on assumptions for quantities, margins and growth.MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201911
Tank Farm with approx. 834,000 m³PHASE 2PHASE 1Key Parameters on Bunkering CapacityTank Farm B1 with a total bunkering capacity for Fuel Oilat approx. 210,000 m³4 tanks á 40,000 m³2 tanks á 20,000 m³2 tanks á 5,000 m³Tank Farm B2 with a total bunkering capacity for Gas Oilat approx.120,000 m³2 tanks á 40,000 m³2 tanks á 15,000 m³2 tanks á 5,000 m³Tank Farm B3 with a total bunkering capacity for Gasolineat approx. 60,000 m³2 tanks á 25,000 m³2 tanks á 5,000 m³Tank Farm B4 with a total bunkering capacity for Base Oilat approx. 10,000 m³1 tank á 5,000 m³5 tanks á 1,000 m³Tank Farm Q with a total bunkering capacity for Crude Oilat approx. 434,000 m³8 tanks á 50,000 m³2 tanks á 17,000 m³MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201912
Tank Farm ProjectLayout of Tank Farm & Waste Oil Refinery – Phase 1 2MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201913
CAPEX /- US 176 millionKey Parameters of Tank Farm ProjectKey Parameters of Tank Farm Project size of plotintegral plot of total area of 76,957.34 m² (phase 1) approx. 55.000 m² (phase 2)storage capacity 400,000 m³ for different products (phase 1) and 434,000 m³ for crude oil (phase 2)additional required infrastructureoffice facilities, piping, pump station, port matrix access, power water supplies, etc.no. of staff for operation 90 personsCAPEX for tanks US 121,000,000.00 for 834,000 m³ storageCAPEX for infrastructure US 45,000,000.00CAPEX for connection pipeline to port matrix ( 2.7 km) US 10,000,000.00CAPEX total US 176,000,000.00OPEX annual rent (term 25 years with right of prolongation) US 1,850,000.00 (AED 50.00 or US 14.00 / m² p.a.)OPEX staff p.a. ( 90 persons overhead costs) US 3,500,000.00OPEX sponsor fee others p.a. *) US 2.000,000.00Storage Revenues p.a. US 35 - 40.000,000.00MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZC*) more detailed numbers are shown in operational forecast / business case modelSTRICTLY CONFIDENTIALMay 201914
Conversion of used mineral oil (UMO)STU-process by Eng. Eduard Buzetki Used mineral oils (UMO) represent an extremely complex and gradually changing material containing an exceptionally widespectrum of ingredients which are currently not fully classified. UMO are always formed where mineral oils are used as lubricants in machines, engines, vehicles, etc. They are formed also atmanipulation with storage tanks, containers and oil-involving systems such as transformers, hydraulic equipment, etc. Theirsecure collection and at the same time their strict separation by the oil type are an important starting point to prevent theirundesirable environmental impact. Used oils processing is desirable and necessary at the time being. While a content of crude oil components exploitable for lubrication purposes (5–7 %) is rather low, their content in UMOranges from 70 to 90 %. In addition, UMO are a domestic raw material.Fig.: Scheme of STU-processMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCFig.: Sample draft complex of waste oil refinerySTRICTLY CONFIDENTIALMay 201915
CAPEX of /- US 124 million for the Waste Oil RefineryKey Parameters of Waste Oil Refinery ProjectKey Parameters of Waste Oil Refinery Project size of plotintegral plot of 29,779.86 m²refining capacity 250,000 m/t per year (base oil for lubricants gasoil for bunkering)additional required infrastructuresharing facilities with tank farm (producing storages, piping, matrix, power water, etc.)no. of staff for operation 50 personsCAPEX for refinery US 124,000,000.00 for 250,000 m/t capacityCAPEX for infrastructurepartially already included in tank farm calculationCAPEX for connection pipeline to port matrix ( 2.7 km)partially already included in tank farm calculationCAPEX total US 124,000,000.00OPEX annual rent (term 25 years with right of prolongation) US OPEX staff p.a. ( 50 persons overhead costs) US 1,500,000.00OPEX sponsor fee others p.a. *) US 1.000,000.00 (partially already included in tank farm calculation)Refining fee income US 31.250,000.00 (US 125.00 per m/t x 250,000 m/t)MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZC417,000.00 (AED 50.00 or US 14.00 / m² p.a.)*) fees for financing Zakat are to be added and will be shown in detailed business case modelSTRICTLY CONFIDENTIALMay 201916
Professional Set-up for ProjectAdditional Information on Key Personnel The core technique of the tank farm and waste oil refinery facilities shall be supplied by MUC OG or European/Germancompanies. As there will be a tender, the final executing companies for the construction cannot be named yet at this stage. The project management team can be recruited on short notice. The overall project management could be undertaken by Eng. Nadim Aldach (partner of combine Consulting, the Germanbased consulting company of Oliver A. Dittmar), who is an experienced project manager, especially for technical issues. We would consider to use local companies as EPC (Engineering, Procurement, Construction) contractor, such MUC OG –https://www.mucog.com , who have also a branch in Fujairah and access to all local authorities, which is of great importance forpermissions and execution in a timely manner. Upon request an internationally recognized project management company (PMC) could be involved, such as i.e.- www.arcadis.com (a Dutch based international PMC managing big infrastructure projects)- www.dreso.com (a German based international PMC managing big infrastructure projects)- www.turnerandtownsend.com (a UK based international PMC managing big infrastructure projects) There will be a Steering Committee (SC) to which the project lead (commercial & technical PL) has to report to. Upon request amember of the financier shall become a SC member and will get status reports (quality, time, budget, etc.) on the project on aregular basis. The according qualified personnel will be recruited locally and internationally in due time.MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201917
Professional Set-up for ProjectDraft Project OrganizationSteering CommitteeMidgard Holdings Ltd. (CT/OD)Midgard Oil & Gas LLC FZC (CT)Project LeadCommercial Project LeadPMCTechnical Project LeadTank FarmInfrastructure FacilitiesWaste Oil RefineryEPCEPCEPCMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZC STRICTLY CONFIDENTIALMay 201918
Thierry M.F.G CatherineKey PersonnelDate of Birth:Nationality:21.12.1962 in MauritiusMauritianMr. Thierry M.F.G. Catherine has a vast experience with reputable overseas companies in the oil and gas sectoras well as financial services.Mr. Catherine has through a JV agreement with Hybrid Innovation GmbH, is the International Marketing Managerespecially dealing with top Russian Companies in the Oil and Gas sector.We hold various letters of reference from recognized international oil and gas players, attesting his capabilities as CEO of MidgardHoldings .Mr. Catherine is also involved in the humanitarian actions through RAUN – Royal Academy of the United Nations and as President ofthe Chamber Inter Commerce of the Royal Academy of the United Nations - CICRAUN.Mr. Catherine is also the Vice President for special projects - http://rcrcommodities.com/?page id 1019 - of Recycled RefuseInternational Ltd of UK – https://www.rcrcommodities.com, a waste to Energy company. Conversion of all types of waste toElectricity and Ethanol production.MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201919
MBO Oliver A. DittmarKey PersonnelDate of Birth:Nationality:University1982 – 1987Profession1998:2000:2015:07.09.1965 in MunichGermanStudy of Economy at the Ludwig-Maximilians-University of Munich, Germany,degree Master of Business & Administration (MBO)Founder of macon, a management consultancy companyFounder of PHOENIX OEL AG, an Oil & Gas company, mainly focusing on upstream E&P projects. PHOENIX wasstaffed by former top executives of major oil companies, such as Mr. Alain Bessiére, Jean-Michel Fonck, Dr. HansKindPHOENIX OEL AG has signed a PSA in August 2001 for exploration and production of petroleum in the DemocraticPeople s Republic of Korea. Due to the political situation PHOENIX did decide not to proceed with the project forthe time being. PHOENIX was working on the acquisition of petroleum assets in North Africa by renegotiation ofan EPSA. PHOENIX has signed a JV agreement with ESSAR E&P Ltd. (part of ESSAR Group India) in 2007.Founder of combine Consulting, which forms the merger of two reputable German players within the CorporateReal Estate consultancy (www.combine–consulting.com)MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201920
M. Eng. Nadim AldachKey PersonnelDate of Birth:Nationality:University1995 – 200004.05.1975 in KoblenzGermanStudy of Engineering at the Ruhr-University Bochum, Germany,degree Master of Engineering (M. Eng.)Profession2000 - 2008:consultant for macon, a management consultancy company2008 - 2011:Project Manager for national and international projects for FUCHS Gewürze GmbH (World of Spices)2012 until now: Equity Partner of combine Consulting (since 2015), which forms the merger of two reputable German playerswithin the Corporate Real Estate consultancy (www.combine–consulting.com)Overview18 years’ experience in international consultancy of major corporate real estate projects, such as construction of Headquarters forinternational groups (ABB Switzerland AG in Zurich, Tamedia AG in Zurich, Alstom in Baden/Switzerland). Responsible project leadfor development of offices production facilities for FUCHS Gewürze (World of Spices) in Germany and Romania.Member of Management Team of international real estate consultancy, responsible for processes & ICT (CIO).MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201921
Master Eng. Eduard Stefan BuzetzkiKey PersonnelDate of Birth:Nationality:University1974 – 19801992 – 1997Profession1981 – 1983:1983 – 1984:1985 - 1986:1986 – 1988:1988 - 1999:1999 – 20012001 – 20032003 – 20052005 –200629.10.1959AustrianMechanical Engineering, Höhere Technische Bundeslehranstalt Eisenstadt, AustriaDipl. Ing. Physical Chemistry, Univerzita Priština, Physical Chemistry, KosovoChemical thermodynamics, electrochemistry, chemical kinetics, material structure, colloidDesigner and project leader Babcock AG, AustriaHead of construction Dr. Bell GmbHTechnical manager Research CenterSeibersdorf, AustriaBusiness leader Schneeberger, AustriaConfidential clerk Howorka Gesselschaftfűr Umwelttechnik, GmbH, AustriaTechnical Supervision B&R AG, GermanyTechnical consultant Ferrobrixx, AG, GermanyExpert consultant Silver Cay AG, SwitzerlandExpert consultant Energy Biodiesel, GmbH., AustriaMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCsince 20042006 – 2010since 2008since 20102011 – 2013since 2013since 2016STRICTLY CONFIDENTIALExpert consultant ISOMAG, GmbH, AustriaCEO Technical Solution, SlovakiaResearcher Slovak Technical University inBratislava, SlovakiaCEO Technical Consulting, s.r.oManager WORLD TECHNICAL SOLUTION KFT.,HungaryCEO, SEITS, s.r.o., SlovakiaSales manager Montitec GmbH, AustriaMay 201922
Mag. Erwin MahrKey PersonnelDate of Birth:Nationality:University1980Profession1980 – 1988:1988 – 1991:1991 – 2002:2002 – 2004:2003 – 2004:2005 – 2008:2008 – 2009:2009:2010:2011 – 2014:2014 – 2017:16.03.1955 in LinzAustrianMaster degree of Economics at University of Vienna (Magister rer.soz.oec. )Shipping & Operations Manager, OMV ViennaTrader, Crude Oil SupplyTrading Manager, Crude Oil Supply & TradingHead of Feedstock SupplyProject Lead, “Biofuels”Director Crude & Feedstock Supply; PETROM BucharestSales Manager Oil Products (International Oil Companies)Project Lead, „Romanian Crude Logistics“Project Manager, „Crude Strategy OMV“Head of Crude Management, OMV ViennaSenior Group Expert, Refining & PetrochemicalMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201923
Operation of Tank Farm Refinery - 2021Indicative Project Schedule2019IITANK FARMproject set-upapplication for permissiontendering process, engineeringconstruction phase (phase 1 2)claim mgmt. / taking into operationstart operation (phase 1)WASTE OIL REFINERYproject set-upapplication for permissiontendering process, engineeringconstruction phaseclaim mgmt. / taking into operationstart operationMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCIII2020IVIIIIII2021IVIIIIIIIVbuilding permitcompletion of first100,000 m³building permitSTRICTLY CONFIDENTIALMay 201924
Securing of Project in Q3/2019Next Steps Following meetings held with various Fujairah authorities, we identified and reserved a plot of land with the extent of106,737.2 m² for a 3 months period in order to complete the fund structuring and signing of lease agreement with the owner. The total funding volume required for the entire project (tank farm phase 1 2 & waste oil refinery) would accumulate up toapprox. US 300 million considering a moratorium period of 3 years based on a total project term of 15 years until completerefunding of initial loan. A detailed personal presentation on the project will be held in Manamah (Kingdom of Bahrain) disclosing further technical andcommercial details (with a detailed business plan model including all fees for financing Zakat, etc.). Subject to successful fund raizing the project acquisition could be closed within Q3 / 2019.MIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201925
Reference Letters (1/2)Some of International Network in the Petroleum IndustryMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201926
Reference Letters (2/2)Proof of International NetworkMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201927
JV PartnersProof of International NetworkMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201928
Thank you for your kind consideration!Contact CoordinatesMIDGARD Oil & Gas LLC FZCInc./Registration No.: 19-FZC-1918License No.: 4139Offices: Office No. 5, Block B, P.O. Box 50992Fujairah Freeport Zone – Phase IIThierry M.F.G. CATHERINE (CEO)Mobile UAE: 971 528052362Mobile UAE: 971 554835380Mobile Mauritius: 230 52567066Skype: icitradeeMail: contact.uae@midgard-holding.comMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201929
Executive Summary –Midgard Oil & Gas LLC FZCTank Farm & Waste Oil Refinery Projectin Fujairah (UAE)BACK-UPMay 2019, Rev. 2.0
Global Infrastructure Facilities in Fujairah (UAE)Background Information on Port Facilities strategic locationall oil terminals connected via 2 matrix manifolds to all existing and future berthsFOTT can accommodate 1 Handymax, 2 Aframax, 6 Suezmax and 1 stone VLCC simultaneouslyunder construction 2 additional barge jettiesexpansion space for 11 more berths and 1 additional VLCC berthMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201931
Global Infrastructure Facilities in Fujairah (UAE)Background Information on Port Facilities One (1) VLCC berth with 22.6 meters draft restrictionDWT up to 320,000 m/tonsLOA up to 340 metersWidth up to 60 meters4 x 20” Marine Loading Armsship pump discharge pressure (minimum) 7 barge@ 12,000 cbm/hrconnected via MM2 to all berths and all terminalsMIDGARD Holdings Ltd. / MIDGARD Oil & Gas LLC FZCSTRICTLY CONFIDENTIALMay 201932
- waste oil refinery with approx. 250,000 m/t refining capacity as integral part of the entire project area 1) See scheme of bunkering process. 2) "Waste oil" is defined as any petroleum-based or synthetic oil that, through contamination, has become unsuitable for its original purpose due to the presence of impurities or loss of original
