HYPROC SHIPPING COMPANY

THE COMPANY

A Sonatrach fully owned subsidiary, HYPROC SC is a decisive link for strategic valorisation and marketing of Sonatrach Group hydrocarbons. This latter, currently classified 11th on a worldwide scale, occupies the ranks of the 2nd exporter of LNG and LPG.

HYPROC SC

COMPANY IDENTIFICATION

HYPROC Shipping Company is a joint stock company with a registered capital of 12 billion Dinars, totally owned by Hydrocarbons Valorisation Company / SVH acting on behalf of SONATRACH Group.

In March 8^th, 2005, the Company’s head office was transferred from the industrial area of Arzew, to ZHUN /USTO, Oran, the second economic and industrial pole of Algeria.

The operational divisions remain established in the old area of Arzew to be close to the fleet and to answer the seagoing personnel’s requests.

HYPROC SC

COMPANY'S BACKGROUND

HYPROC Shipping Company, a senior national economic company of maritime transport of hydrocarbons and chemicals", by abbreviation (SNTM-HYPROC), was created in 1982, following the decree n° 82-282 of August 14^th, 1982.

HYPROC became a joint-stock company (SPA) after transformation of its statutes in 1995.

In October 1997, SNTM-HYPROC became subsidiary at 100% of SONATRACH Group, under supervision of the Participation and Investment Holding (SIP).

Since December 2001, the company was wholly owned by “Société de Valorisation des Hydrocarbures”, in accordance with SONATRACH new organisation.

In 2003, SNTM-HYPROC changed its denomination to become "HYPROC Shipping Company".

HYPROC SC

ORGANIZATION

HYPROC Shipping Company constituted an evolutionary organization centred primarily on the maritime transport and the ship-management.

The Company is structured according to the following organization :

• General Management.

• Functional and Operational Divisions