Result of Meeting

Resolution

BOD had unanimously ratified minutes of the previous Board meeting (Session 15) that was held on November 29,2018

Resolution 1

The BOD has been informed of the recommendation of the committee to decide on the operation (No. 55/2017 external / specialized) for importing 44 items regarding the safety valve spare parts for the Gas oil units from Emerson - Dubai(specialized- factory) through the agent Superior Petroleum in Egypt with a total value of 59040 Euro CPT Cairo International Airport which is equals around 1196150 EGP which previously approved by circulation and according to the justifications reported.

Resolution 2

The BOD has been informed of the recommendation of the committee to decide on the operation (No.8/2019 external/ specialized ) regarding the import of software license to update Honeywell R60 for the Gas oil complex Control Room (specialized -the only resource) on Honeywell (specialized- the only supplier) with a total value of $118500 CPT Cairo International Airport which is equals around 2118780 EGP, knowing that the equivalent value of the operation is $115000 and to supply within 14 to 16 weeks which previously approved by circulation and according to the justifications reported.

Resolution 3

BOD Approved of the recommendation of the committee to decide on the operation (NO.43 -2018) on the import of the heat exchanger NO.( EA-305 ) from FBM Hudson company Italy ( specialized ).

Resolution 4

BOD approved the continuous of work of the contract (No.575-2016-2017) for raising the administrative building of the company.by AMOC by deducting its cost from the previous contractor.

Resolution 5

BOD approved the request for approval to increase the value of contracts as a result of the high prices of fuel and oils on 16 / 6 / 2018.

Resolution 6

BOD approved the recommendation of the committee to decide on the operation (No. 532 ) ( 2018/2019) to transfer materials from AMOC to Midor.company in the direct of Sinai for petroleum and mining services for 10000 tons per month under the deficit and increase the price of 61,16 EGP included tax with total 611600EGP per month with the total value for three months is 1834800 with an estimated value of the operation is 1800000.

Resolution 7

The Board approved for the operation No. 515 (2018/2019) for civil emergency maintenance works of Alexandria mineral oils company ( AMOC ) with the support of EL-Safwa Company with a total value of 8894150EGP cheapest prices including VAT value of the duration of the implantation and a year warranty with a value of 9913080EGP.

Resolution 8

 The Board approved for the operation No. 523(2018/2019) for the supply of labor to carry out the cleaning works with the support of Target resources services company with a monthly value of 285629,21EGP with an annual value of 3427550,55EGP with a total value for two year is 6855010.1 EGP including VAT with the estimation value of the operation is 5100000EGP.

Resolution 9

BOD approved the contract for maintenance of valves in all units of the company between Alexandria Mineral Oils Company AMOC and Egyptian Valves Company ( EVACO ) with an annual value of 3368640 EGP, Note that the contract for two years with a total value of 6737280 EGP excluding the VAT value and the implantation time for two years can be renewed monthly to be effective from 31/12/2018.

Resolution 10

BOD has agreed to increase the rental contract for tanks ( NO. 760 - 771 ) from Alexandria Petroleum Company for two years with total increase value of 10% to be ( 1273388 EGP per year instead of 1157625 EGP per year ).

Resolution 11

Approving the Donation to associations and hospitals with total value of 800000EGP such donation based on the company's interest in its community services responsibilities by participating in many activities and business with local community as follows:

· Donate 250000 EGP to future hands association in Alexandria.

· Donate 35000 EGP to general military hospital

· Donate 100000 EGP to west Alexandria traffic unit.

· Donate 30000 EGP to Gamal Hamada Hospital to isolation of operation rooms of antibacterial paint.

· Donate 50000 EGP to heart association for blinds

· Donate 10000 EGP to legitimacy assembly to provide services for hemodialysis units.

Resolution 12

BOD approved the extension of the contract No.527 (2016/2017) for (25%) for the transfer of petroleum products from the companies of Suez oil processing company and EL-Nasr petroleum company in Suez in a rate of 25% to Alexandria mineral oils company ( amoc ) with a quantity of 20000 tons from total quantity of 80000 tons , note that the current operation is about to end, and the contract provides that the contract period ends on a completion of a year from the beginning process date or the completion of the quantity agreed upon.

Resolution 13

The BOD approved the purchase of a share from Sasol company in Alexandria for wax products, amounting to 51% and (equivalent to 5100 shares) with amount of 510000 EGP at 100 EGP Per share (Par value).

Resolution 14

The BOD approved the request of new smart for industry and commercial invests to buy 10 % of the shares of Alexandria minerals oils company in Alexandria for wax products.

Resolution 15

BOD approved the request to activate the cooperation with Alexandria mineral oils company(AMOC) and Middle East Oil Refinery (Midor) in all commercial and operation field .

Resolution 16

BOD approved of the assignment of the Dutch company Fluor to complete the study of the second phase of the project of the vacuum residue.

Resolution 17

BOD approved the amendment of the tender conditions for the operation and reuse of the Industrial Drainage Project

Resolution 18

The BOD approved the export of two fuel oil blended shipment to SOCAR company during December

Resolution 19

BOD approved to import A cutter stock shipment from SOCAR Company.

Resolution 20

the BOD approved the appointment of Mr. Sharif Omar Saleh as an advisor to the Chairman of the Board of Directors for Investor Relations for a period of 6 months