INTERNATIONAL PUBLIC TENDER - SOYO REFINERY PROJECT - Ministry of Mineral Resources and Petroleum - Refinaria do Soyo
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Ministry of Mineral Resources and Petroleum
SOYO REFINERY PROJECT
INTERNATIONAL PUBLIC TENDER
Private Investment Opportunity
mirempet.gov.ao
SOYO REFINERY
INTERNATIONAL PUBLIC TENDER
Index:
1. Country Profile
2. Oil and Gas Sector
3. Soyo Refinery Project
4. Business Opportunity
5. Tender Schedule
6. Instruction to Participate
The Ministry of Mineral Resources and Petroleum (Promoter) aims
to select an Investor with financial and technical capabilities to
Build, Own and Operate an oil refinery with a capacity of
processing 100.000 bopd (barrels of oil per day), in the city of
Soyo, Zaire province.
mirempet.gov.ao aipex.gov.ao
mirempet.gov.ao Country Profile
Republic of Angola
Territory:1,246,700 Km2
Population: 30 million
Population Growth Rate: 3.3%
Soyo
Luanda
Capital: Luanda
GDP: 105.75 Billion USD (2019)
Growth Rate of GDP:1.6% (2020)*
Official Language: Portuguese
1. Source: Instituto Nacional de Estatistica * Expected
mirempet.gov.ao Country Profile
Economy
National Development Plan 2018-2022:
• Economic reforms and diversification
programs;
• New infrastructures;
• Agriculture, manufacturing and
transformation industry.
•10%.
4.90%
5% 2.80% 3.40%
2.10% 1.60%
0.10% -0.50% -0.10%
0%
-5%
-10%
-15%
-20%
2015 2016 2017 2018 2019 2020 2021 2022
Oil GDP Growth Rate Non Oil GDP Growth Rate Real GDP Growth Rate
Source: National Development Program 2018 - 2022
mirempet.gov.ao Country Profile
Government
Current Government Reforms:
• Macroeconomic Stabilization
Programme (MSP)
• Oil and Gas sector reforms
• Enforcement of anti-corruption laws
• Creation of Foreign Investment
opportunities
• Privatisation programme
• Creation of new incentives to boost
private investment
Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
mirempet.gov.ao
mirempet.gov.ao Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
Overview
• Proven and Probable Reserves of Crude Oil: 8,160M Barrels
• Proven Reserves of Natural Gas: 383B m. cu.
• Current Crude Oil Production: 1.4M BOPD
• LNG Production Capacity: 541M m. cu./Year
• Crude Oil Exports: 1.3M BOPD
Source: www.opec.org
mirempet.gov.ao Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
Angolan Crudes
• Heavy, Medium and Ligth Crudes
• Average crude densities ranging from 28 to 38 API and TAN from 0.02 to 0.83
• These projections only reflect current crude production and do not consider future
discoveries
Production Rate of Angolan Crudes
0% 0% 0% 0% 0% 0%
8%
14%
19% 20% 22% 19%
31% 30% 30% 30% 29% 29% 28% 27%
56%
60%
58%
71% 100% 100% 100% 100%
69% 69% 70%
68%
61% 61% 61% 62%
62% 61% 61%
63%
44%
40%
35%
11% 12% 11% 12% 15%
8% 9% 9% 10% 11% 11% 10%
6%
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038
Light Medium Heavy
Source: SonangoL E.P Production Report
Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
mirempet.gov.aomirempet.gov.ao Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
Actual and Future Refining Capacity
Current: (Chevron)
Cabinda Topping: 15K BOPD
Future (2022): (Sonangol + Private)
Cabinda Refinery: 60K BOPD
Future (2023): (Private)
Soyo Refinery: 100K BOPD
Current: (Sonangol)
Luanda Refinery: 60K BOPD
Future (2025): (Sonangol + Private)
Lobito Refinery: 200K BOPD
Total (2025):
435K BOPD
Domestic Refining Capacity- 20% of Market DemandOil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
mirempet.gov.aomirempet.gov.ao Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
Storage Capacity Overview
• Current Storage Capacity: 994K m. cu.
• Land (Sonangol + Pumangol): 654K m. cu.
• Floating*(Sonangol): 340K m. cu.
• Future Storage Capacity (2022): 1.3M m. cu.
• Terminal Oceanic of Barra do Dande: 641K m. cu.
* To be discontinuedmirempet.gov.ao Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
Supply of Refined Products
• Total Supplied (2018): 3.86M (MT)
• Local Production (2018): 770K (MT)
• Imported Products (2018): 3.09M (MT)
Total Supplied Total Imported
5,000,000 4,000,000
4,500,000
3,500,000
4,000,000
3,500,000 3,000,000
METRIC TON
3,000,000
METRIC TON
2,500,000 2,500,000
2,000,000 2,000,000
1,500,000
1,000,000 1,500,000
500,000 1,000,000
0
2016 2017 2018 500,000
KE 89,234 72,631 46,647
0
Jet B 75,395 7,147 42,382 2016 2017 2018
Jet A1 27,025 312,428 301,966 Jet A1 42,813 33,097 94,519
MGO - 539,192 385,083 MGO 539,192 385,083
GO 3,011,624 2,462,641 2,128,251 GO 2,352,671 1,795,596 1,662,117
GA 1,058,083 1,171,318 954,876 GA 1,030,070 1,138,459 952,155
Source: Sonangol Logística Annual Report 2018mirempet.gov.ao Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
Refined Products Demand
• Demand Forecast 2025: 5.2M (MT)
• Demand Forecast 2030: 5.7M (MT)
• Demand Forecast 2040: 6.5M (MT)
Demand Forecast
7,000,000
6,000,000
5,000,000
METRIC TON
4,000,000
3,000,000
2,000,000
1,000,000
-
2020 2025 2030 2035 2040
Jet A1 322,477 325,857 342,150 348,993 355,973
GO 3,308,365 3,661,268 4,091,788 4,274,842 4,543,653
GA 1,108,329 1,195,501 1,307,579 1,404,940 1,528,711
Source: Sonangol Logísticamirempet.gov.ao Oil and Gas Sector
UPSTREAM| MIDSTREAM| DOWNSTREAM
Net gasoline imports
Million barrels/day
Opportunity to access local 1.0
AsiaPacific
Africa
and regional markets 0.5
Latin America
0 Middle East
FSU
-0.5 North America
-1.0
-1.5 Europe
-2.0
2017 2020 2025 2030
Source: Energy Insights – Global Downstream Model (McKinsey Global Downstream Outlook)
Net distillate1 imports
Million barrels/day
3
2
Africa
Europe
1 Latin America
0
Asia Pacific
FSU
-1 North
America
Middle East
-2
-3
2017 2020 2025 2030
Regional Market Local Market 1 Diesel, gasoil, and jet fuel
Source: Energy Insights – Global Downstream Model (McKinsey Global Downstream Outlook)Soyo Refinery Project Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives mirempet.gov.ao
mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Objective of the Tender
The Ministry of Mineral Resources and Petroleum
(Promoter) aims to select an Investor with financial
and technical capabilities to Build, Own and
Operate an oil refinery with a capacity of
processing 100.000 (bopd) barrels of oil per day, in
the city of Soyo, Zaire province.Soyo Refinery Project Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives mirempet.gov.ao
mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Vision
To serve as a driver for the establishment of an industrial hub in
the region, by placing this investment strategically in a location
that will enable the development of petrochemical and
transformation industries.
.Mission
To contribute for the increase of the country’s refining capacity
by developing a 100,000 bopd Refinery through private
investment.1
1 10% Government equity through “Free Carry”Soyo Refinery Project Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives mirempet.gov.ao
mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Kwanda Logistics Base
LNG Plant (5.2M Ton/Year)
Soyo Airport (domestic)
LNG Pipeline (8.2Km)
CC Power Plant (750MW)
FS/FST SOMOIL Onshore
Production Facilities
Proposed Location for the
Refinery
(700 Hectares)mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Potential Jetty Location
(approx. 8 km)
Potential Water Intake Source
(approx. 7.4 km)
Proposed Location for the
Refinery
(700 Hectares)Soyo Refinery Project Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives mirempet.gov.ao
mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Scope of Work
The Investor shall design, Build, Own and Operate (BOO) an oil
refinery in the city of Soyo, capable of refining 100,000 bopd
with the following requirements:
• Feedstock: investor may use any crude deemed adequate,
including the available local crudes
• Main Products: investor shall prioritize the production of diesel
followed by gasoline in accordance with the demand
• Petrochemical Industry: investor shall ensure that the refinery will
have the capability to produce by-products for the local
petrochemical industrymirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Scope of Work (cont.)
• Product Quality Standards: investor shall ensure that gasoline
and diesel comply, at least, with AFRI-V standards or
equivalent and JET-A1 with the IATA/JIG standards. In the
case of Fuel Oil production, it must comply with the IMO
standards
• Refinery Life Span: investor shall consider a minimum design life span
of 30 years for the facilities
• Target Market: investor shall prioritize the local market demand
before considering supplying to other marketsSoyo Refinery Project Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives mirempet.gov.ao
mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Eligibility criteria
• Proven capability and good repute (suitability)
• Demonstrate sufficient financial resources to cover all
development and construction costs associated with the
Project, as well as adequate working capital to sustain
commercial operations of the Project.
• Proven record of accomplishment in managing/overseeing
the design, construction, operation and maintenance of an
oil refinery and related infrastructure of a similar complexity
and scale.
MIREMPET shall perform the necessery Due Diligence to verify investor eligilibilitySoyo Refinery Project Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives mirempet.gov.ao
mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Applicable Legislation
Tender
• Law Decree no. 9/16 of 16 of June – Public Contracts law that rules the
conditions to launch, receive and evaluate proposals
Investment
• Presidential Decree no. 10/18 of 26 of June – defines the laws for private
investments.
• Presidential Decree no. 208/19 of 01 of July – Defines the legal regimes that
legislate all refining activities in the country.
• Executive Decree no. 217/17 of 10 of April – Defines the standards and
procedures for the refining activities in the country.
• Law Decree no. 17/09 of 26 of June – Defines the Standards and procedures
for the recruitment, integration and training of local manpower.mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Price Regime
The Ex-Refinery prices to be calculated based on import
parity netback Soyo, following the best international
practices.Soyo Refinery Project Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives mirempet.gov.ao
mirempet.gov.ao Soyo Refinery Project
Objective | Vision and Mission| Location| Scope| Investor| Legislation | Incentives
Fiscal Benefits
In accordance with the Private Investment Law* :
• Industrial taxes: 80% reduction of industrial taxes for a period of
eight (8) Years
• Urban property tax: reduction of the rate by 75%, for the
ownership of real estate for the office and the establishment
of the investment, for a period of 8 (eight) years
• Tax on Capital: reduction of the rate on the distribution of
profits and dividends by 80%, for a period of 8 (eight) years
*www.aipex.co.aoWhy Investing in the Soyo Refinery Project? mirempet.gov.ao
mirempet.gov.ao Business Opportunity
• Consolidated Oil and Gas Industry
• Identified high market demand for refined products
• Privileged geographic location with access to domestic and
regional markets
• Fiscal incentives to accelerate return on investment
• Opportunity to invest in other areasmirempet.gov.ao Agenda do Concurso
22 Oct 2019 24 Oct a 01 Nov 2019 18 Dec 2019 20 Dec 2019 a 05 Feb 2020
10 Oct 2019 24 Oct 2019 24 Oct a 08 Nov 2019 19 Dec 2019 04 Mar 2020
Project Project Tender Launch Confirmation of Submission of the Proposal Public Tender Proposals Winner
Presentation in Presentation in Day the Intent to Bid Investor information for Submission Opening Evaluation Announcement
Luanda Dubai (online) the Due Diligence Due Date In Luanda in Luandamirempet.gov.ao Instructions to Participate
Website: www.refinariadosoyo.ao
• Complete the application form to participate in the Bid (available
from 24 of Oct to 01 of Nov 2019)
• Read and accept the terms and conditions of confidentiality
• Submit the intent:
• The applicant will receive an email within 24 hours with the link to download
the RFP package
• The applicant shall submit the company information for the due diligence as
per instructed on the website by the 8th of Nov 2019
• The applicant shall submit the physical proposal as per RFP by the 18th of Dec
2019
• The applicant must be present at the public bid opening act on the 19th of
Dec 2019The End – Thank You www.refinariadosoyo.ao Email: info@refinariadosoyo.ao mirempet.gov.ao aipex.gov.ao
Ministry of Mineral Resources and Petroleum
SOYO REFINERY PROJECT
INTERNATIONAL PUBLIC TENDER
Questions and Answers
www.refinariadosoyo.ao
mirempet.gov.aoYou can also read
