>

History of the Terminal

Introduction


INTEROILCO SAS was established in 2014, with registration number 09-285114-12 and NIT: 900427363-7.
Home office is Cartagena, Colombia, with commercial offices in Houston and Dubai.
The General Manager of INTEROILCO is J.M. "George" Castellanos (ENG, MBA. JD).


Summary

Presently, there is only one significant oil export pipeline in Colombia (Cano Limón - Coveñas, Vasconia –
Coveñas pipeline), owned by Ecopetrol, which does not meet the export/import capacity needed to fulfil
volumes required in Colombia. The alternative that small producers are using, is loading tank trucks
(capacity 215 barrels /9,200 gallons), and having these tank trucks travel in convoy over 1,500 kilometers, to
port destinations at Cartagena, Barranquilla or Santa Marta. The convoy duration is approximately 6 days per
route (one way) and the average cost per barrel exceeds US $24.0 to reach port. In addition to the US $24.0
cost, once the product reaches port, incurred additional storage costs, transshipment barge costs, and
loading costs, add to approximately US$ 4.0 dollars per barrel. In summary, the cost of tank truck to ship
export may exceed the sum of US$ 28.0 per barrel.

INTEROILCO intends to use an area of 50 hectares (owned by ININCORP AMERICAS SAS) which has
already been contracted by INTEROILCO and meets the technical and regulatory criteria, required by the
rules of the Land Use Plan of Santa Marta, for the installation of an oil export tank farm site, a solution, that
integrates as follows:

1. Port of Export Facilities
2. Export Pipeline
3. Storage Tanks
4. Tanker Truck Loading/Unloading facility

If optimization is achieved by Railway Track, consider items 4, 5, 6.

6. Transshipment Stations
7. Railway line
8. Train System to transport from collection site to INTEROILCO
Other
9. Modular Refinery

© 2021 Interoilco. All Rights Reserved. Designed By SYS10 Networks SAS.