CMAI 2011EPC 2011 EPCEPC EPC (1) EPC EPC (i)(ii) (i)(ii) (iii) PVC MTOMTP EPCPC (1) 153
EPC EPPCPMC CMAI EPC CMAI 2000112012630EPC EPC EPCEPC EPCEPC PC20046 200610PC 20054200611 PC20096 2008 154
1201012EPC BASF MDI20116E+PsCM BASF MDI20145 (i)mnb(ii)(iii) CMDI (iv) MMDI (v) (vi) 20126305,630.2 2006112012630EPC PMC PMC20089 PC 201212 20126305,964.4 2007112012630 EPC 20073200911E+PM+C 155
3001009,000 11,00016,000 EPC 20094E+PM+C 2012 12600 EPC EPC 70020123 201312 20125 600 MTOEPC350 26080EVAMMAEM+PC 2012920153 201263016,566.5 2005112012630 EPCPC 201112312012630 156
20092010 201112312012630 1,884.44,976.25,036.6861.7 1231 630 2009 2010 2011 2011 2012 (1)(2).................... 1,386.3 73.6% 2,860.5 57.5% 1,624.2 32.2% 610.9 36.9% 130.1 15.1% (3)..................... 207.3 11.0% 2,050.0 41.2% 2,447.0 48.6% 895.4 54.1% 125.2 14.5% (4)(5).................. 210.9 11.2% 28.4 0.6% 949.7 18.9% 139.2 8.4% 520.8 60.5% (6)(7)........... 79.9 4.2% 37.3 0.7% 15.7 0.3% 9.7 0.6% 85.6 9.9%.......................... 1,884.4 100.0% 4,976.2 100.0% 5,036.6 100.0% 1,655.2 100.0% 861.7 100.0% (1) EPC (2) 201112312012630 32.132.9 200920101231 (3) PC (4) EPC (5) 20126300.5 20092010201112 31 (6) EPC (7) 2009201020111231138.8 129.318.0201163010.2 2012630 EPC CMAI 2011 EPC 157
1 BASF MDI 35 EPCPMC 2007112012630EPC EPC EPC EPC 200011 158
200920102011123120126 30 (i)(ii) (iii) 200712200912 152050 2162,700 1,600 3126 CMAI 200011529 HS-IHS-IIHS-III HS-I 159
HS-II HS-IIIHS-IIHS-IIIU HS-III HS-IIIHS-III HS-IHS-IIHS-III CMAI Stone & Webster USCHS-II 94.9%92.5%41 600 2010928CCECTA MTOWMTO 20107 MTO2,000680 DMTO 20119 MTO 20128 300 MTO20129 160
680MTO 43 EPC20003 EPC EPC EPC EPC 2001 20126301,292 856082012630 148 161
2009123120111231 20126301,430719 50% EPCEPC 162
EPC CMAI 2000112012 630EPCEPC EPCEPC EPC 163
EPC EPCEPC CMAI 2011542.0 2016760.02021940.02026990.020122016 65080020162021750 850 CMAI CMAI 20122016300 350 EPC EPCEPC 2007342 EPC EPC EPC 164
EPC 2008 EPC 2008820118 20124 EPC 2006123150201263061520126 301,430 165
EPC EPPCPMC EPC EPC 1236 20092010201112312012630 EPC1,386.32,860.5 1,624.2130.173.6%57.5%32.2% 15.1% EPC 30%70%EPC 20092010201112312012630 1514117 166
2001 1211 12 24 201112312012630 EPC 3.020.0 201112312012630 65.0243.6 167
200811201263055 20059 201112312012630 2.355.8 FDPE LLDPE MTBE EPCEPC 2002820046PC 600 168
20054200610PC 460 EPC 20054200611 2006620096PC 1,0006001802008 120087201012EPC 192 BASF MDI2011620145 E+PsCM BASF MDI (i)mnb(ii)(iii) CMDI (iv) MMDI (v)(vi) PMC2006 62007122 PC200920102011 12312012630 207.32,050.02,447.0125.2 11.0%41.2%48.6%14.5% CMAI 2005 20112005395.02011542.0 CMAI 2011 169
542.0201620212026760.0940.0990.0 CMAI 20122016650800 20162021750850 EPCEPPC 2006112012630EPC PMC 2006620089PMC (i)2,200 (ii)3,600(iii)3,000 (iv)200,000(v)6,000 (vi)270 20099PC 201212 (i)800 (ii)300 LLDPE (iii)2,700 (iv)200psa(v) 650(vi)100(vii) 20076 EPC 170
PVC (MTO)(MTP) 2011323 (i)500 (ii)1,000(iii)1,000 (iv)1,000(v)20 (vi)200 2011323 2011323 2011323 4245 4748 495051 53 171
55 54 70050044 4652 4452600400 1,0002011323 461,500 1,000 20092010201112312012630 EPC210.928.4 949.7520.811.2%0.6%18.9% 60.5% 2007112012630 EPC 20073200911E+PM+C 3001009,000 11,00016,000 EPC 20094E+PM+C 2012 12600 EPC EPC 172
70020123 201312 20125 600 MTOEPC350 26080EVAMMAEM+PC 2012920153 2011323 2012630 (a)(b) (c) 20111231201263053.2% 173
20092010201112312012630 137.3126.6 17.16.8 78.534.614.76.8 EPC PC20092010201112312012630 1.42.7 0.978.8 SABIC EPC 20125 20139EPC EPC EMEPPMPC PMC 174
EPCPCPC PMC EPC EPCEP EPC PC EPC 175
(1) (1) (1) (1) (2) (1) (1) (1) (2) (3) (3) (1) (2) (3) 176
2012630615 10 2012630 1,29285608 177
65%80% 2009201020111231 201263010.3%26.2%12.1% 10.6%201112312012630 5.0% 20092010 2011123120112012630 0.6%0.7%20092010 201112312012630 20.0%26.0%13.0%11.0% 178
0.23.0 3.0 5.05.0 2011123120126 30 2012630 11120 2012630179 17 179
20111231 EPC EPC 20092010201112312012630 207.3473.9435.0 180
68.166.5%64.2%45.8% 16.7%35.8 33.1115.134.6 11.5%4.5%12.1%8.5% 2012630148 201112312012630 20111231 2012630 181
182 EPC EPC
183 EPC EPC 1,000 20111231 2012630
1. 1. 6 F112 EPC EPC 20044 200510 2012 630 2012 630 100% 100% 2. 6 F113 EPC 2. 7 1.80 7 P+ 20047 20068 100% 99.8% 2.80 7 3. 1.60 PC PC 20053 200611 100% 100% 184
4. 1. 60 PC 20054 200610 2. PC 20058 5. 1 6 F103X EPC EPC 200511 200611 6. 1680Nm 3 /h CO/H EPC 20061 20076 7. 100 PC PC 20066 20096 8. 1 4 EM+PC EPC 20066 20071 2012 630 2012 630 100% 99.99% 100% 100% 100% 100% 100% 99.1% 100% 100% 185
9. SSBR/SBS PC PC 200610 20096 10. 4 EPC EPC 200611 200710 11. FDPE PC PC 200612 20096 12. 2# SRT-III EPC 20072 20079 13. F108 F108 EPC EPC 20077 20087 14. MTBE -1 MTBE -1EM+PC EM+PC 200711 20086 2012 630 2012 630 100% 99.9% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 186
15. 1 19.2 310-H-109 EU EPC 20087 201012 16. 1 1. 12LOP EPC EPC 20088 20104 2. LOP 17. 80 80 PC PC 200810 20126 18. 1 70 1# EPC EPC 200812 20099 19. 1 15 10#EPC EPC 20091 200910 2012 630 2012 630 100% 100% 100% 100% 97.9% 90.8% 100% 100% 100% 100% 187
20. 80 30 LLDPE (PC) PC 20094 201211 21. 80 (PC) PC 20099 201212 22. MTBE MTBE EM+PC EM+PC 20103 20108 23. 7 1. EPC EPC 20103 201010 2. 16W EPC 20104 2012 630 2012 630 98.6% 81.3% 97.2% 71.6% 100% 100% 100% 95.0% 188
24. 5 (EPC) EPC 20103 20118 25. (PC) PC 20103 201211 26. 5 70 5 EPC EPC 20107 20119 27. 12 8 E 20114 20118 28. H116 H118EPC EPC 20113 20117 29. BASF MDI BASF MDI EP s C M E+PsCM 20116 20145 2012 630 2012 630 99.3% 92.9% 95.0% 81.8% 99.2% 95.0% 100% 73.0% 100% 95.0% 39.7% 27.7% 189
30. 1. 55000NM 3 /h EPC 20117 2011 12 2. 55000NM 3 /h (PC) 3.PSA WYFCNA-193B-SK 31. PTA 100 (PC) PC 20128 201412 32. 666 6 66 (PC) PC 201212 201512 33. SABIC 57 SABIC Yanpet EPC 20125 201312 2012 630 2012 630 98.0% 89.8% 0% 0% 0% 0% 0.3% 0% 190
34. 750 EP 201210 20146 2012 630 2012 630 0% 0% 20091120126308,733.18,649.7 99.0%6,001.15,949.2 99.1% 191
35. PMC 20066 20089 36. PC 20079 20101 37. 1.1,000 60 (PC) PC 20099 201211 2.1,000 200 PSA (PC) 38. 1,000 220 (PC) PC 20099 201212 39. 1,000 6 (PC) PC 20099 201211 2012 630 2012 630 100% 100% 100% 92.7% 98% 88.5% 97.1% 87.5% 95.5% 84.2% 192
40. 1. (PC) PC 20099 201211 2012 630 2012 630 99.1% 78.0% 2. (PC) 41. Puerto La Cruz PDVSA Petróleo, S.A. Puerto La Cruz EPC 20128 20162 0% 0% 200911201263011,332.311,325.4 99.9%4,829.5 193
42. EPC E+PM+C 20073 200911 2012 630 2012 630 100% 100% 43. 40 EPC EPC 20097 20101 (1) (1) 100% 44. 60 E+PM+CM 20094 201212 91.3% 34.0% 45. 40 E 20113 201210 42.8% 20.0% 46. 150 60 EM+PC EM+PC 20113 201212 60.4% 38.4% (1) 200878201155 2010120 89.4 194
47. 25 E 20119 201211 48. 45 (PC) PC 20117 20146 49. 101,4 PC 20117 20146 50. 72 PC 20118 20146 51. 25 E 20119 20125 2012 630 2012 630 63.3% 54.0% 0% 0% 0% 0% 0% 0% 63.3% 54.0% 195
52. (1) 40 EPC EPC 201112 20144 2012 630 2012 630 6.9% 24.0% 53. 30 52 E 201112 20138 6.4% 17.5% 54. 70 PE/PPEPC EPC 20123 201312 2.8% 0% 55. EPC EM+PC 20129 20153 0% 0% 56. 70 EM+PC EM+PC 20128 20139 0% 0% (1) 20111111 2003111095% 5% 200911201263019,802.519,706.7 99.5%1,709.81,664.3 97.3% 196
57. SABIC SABIC d EPC 20125 20139 58. PC PC 20125 201310 2012 630 2012 630 3.8% 15.0% 6.8% 0% 197
20091120126308,733.1 8,649.799.0% 6,001.15,949.299.1% 200911201263011,332.3 11,325.499.9% 4,829.5 200911201263019,802.5 19,706.799.5% 1,709.81,664.397.3% 198
1231 630 2009 2010 2011 2012............................ 3,219.5 3,606.5 1,413.3 5,376.0............................ 20.7 4,705.2 2,642.3 161.6.......................... 30.5 78.0 53.1 5,953.3............................................... 3,270.7 8,389.7 4,108.7 11,490.9 (1)............................ 1,784.7 676.0 5,581.4 384.1............................ 4,892.5 (7.3) 5,929.5.......................... 256.0 6,839.4 11,131.8.................. 1,161.2............................. 6,933.2 676.0 12,413.5 18,606.6 (1)(2)............................ 1,397.7 2,869.2 1,618.7 129.9............................ 208.0 2,062.9 2,473.4 126.7.......................... 208.5 24.9 939.2 518.6.................. 78.8............................. 1,814.2 4,957.0 5,031.3 854.0............................ 3,606.5 1,413.3 5,376.0 5,630.2............................ 4,705.2 2,642.3 161.6 5,964.4.......................... 78.0 53.1 5,953.3 16,566.5.................. 1,082.4............................. 8,389.7 4,108.7 11,490.9 29,243.5 (1) (2) 20091,814.2 1,884.478.5 9.718.02010 4,957.04,976.2 34.616.6 32.020115,031.3 5,036.614.7 51.761.1 2012630854.0861.7 15.7 11.74.0 199
20091231(i)15 11720 21(ii)37 383940 (iii)44 20101231 172021 2420101231 373839 40 PC20101231 44 20111231 6,839.4 2011201232 66631 PTA 4037 3820111231 95%20112010 3738 3940 201120102011 20111231 200
504648 522010 20101231 2012630 52 4849 4655 3266631 PTA 33SABIC 403738 41Puerto La Cruz 201263057SABIC 58 2012630 1,082.42012630 20.0%2012630 10,484.435.9%7,617.226.0% 5,863.120.0%PDVSA Petróleo, S.A. 2012630 143.20.5%21.20.1% 2009191 2021 373839 40 4344 201022 MTBE 2372426 201
52010 2010 201125 29 BASF MDI31 PTA 32 666 464849 52 2011 7.3MTOMTP 2011 201263054 55 33 SABIC 41Puerto La Cruz 201263057 SABIC 582012 63018,606.6 201263018,606.6 105.50.6%31.1 0.2% 201211PDVSA Petróleo, S.A.40Puerto La Cruz(a) (b)pdvsa Petróleo, S.A. 202
200920102011123120126 30618010095 20028 20113 203
20088 20118 20124 CMAI 2011 15.6CMAI 20113.79.8 201123.6%63.0%20022000 EPC 2005 2006 2000 20111231 200920102011 12312012630 1,188.93,985.02,941.6 120.663.1%80.1%58.4%14.0% 204
EPC20092010 201112312012630 182.798.057.011.7 9.7%2.0%1.1%1.4%20111231 2012630 20092010201112312012630 72.5%95.9% 93.7%80.4% 96.6%99.3%96.7%86.3% 44.7%46.2%51.3% 37.7% 2009201020111231 2012630 1,829.8521.94,932.5 19,536.720092010201112312012630 24.0%67.3%38.3%98.9% 46 1236 205
201112312012630 5% 201112312012630 20092010201112312012630 20.0%26.0%13.0%11.0% EPC 201112 312012630 20111231 20092010201112312012630 19.8%17.1%19.3%17.9%6.2%4.2% 7.2%7.1% 206
201112312012630 5% 201112312012630 201263029,243.5 18,770.464.2% EPC 201112312012630 20092010201112312012630 10.3%26.2%12.1%10.6% 201112312012630 5.0% (i) 2012630 207
1,29285608(ii) (iii) 200920102011123120112012630 10%20% (i) 10%20%(ii) 60% 70%(iii)90%100% 208
5% 1218 (i)30%(ii) 90%95%(iii)5%10% 12 30 90%100% (i)15% 30%(ii)90%95%(iii) 5%10%(iv) 125% 65%80% 20111231 2012630 30 90 209
30 90 EPC201112 3120126301,827.54,952.1 5,006.5852.597.0%99.5%99.4%98.9%) 201263029,243.5 18,770.464.2% 2009201020111231 20112012630 210
(a) (b) (c) 2011123120126 3056.924.130.19.2 3.0%0.5%0.6%1.1% 201263029,243.5 16,566.510,473.135.8%63.2%) 55 0.1%1.0% 5% 0.01%0.5% 20062.0%5.0% 20111231 5% 12 211
18 201112312012630 20092010201112 312012630158.5148.1 235.3382.7 13 0.23.0 3.05.0 212
5.0 201112312012630 213
214
5%10% 0.1%5% 5.0% 12 201112312012630 201112312012630 215
201112312012630 2% 50% 20059201112 216
217
(i) (ii) (iii) (iv) (v) 201112312012630 20104292011427 218
(i)(ii)(iii) (iv) 219
0.5%1% EPC EPC EPC 20111231 (i)(ii) (iii)(iv) EPC(i) 220
(ii) (iii)(a) (b) 2011112012430 201112312012630 26201112312012 630 221
201263087 201011EPC ISO 9001-2008 20109EPC ISO 9001-2000 20067ISO 9001-2000 20063(i) ISO/CD 14690 PMC(ii) ISO140012004 PMC (iii) ISO140012004 201263045 2213 222
EPC HS-IHS-II HS-III 201112312012630 61.5116.7147.650.2 (i) 2009815(ii)MTO 2009622(iii) 201036(iv) 2011519 223
20125 EPC (i) 20.0(ii)150(iii) 224
15.02015 2012630 276216104 2012630 18 3126 EPC 225
201112312012630 2012530 2012 819 232087.0% EPC 2012530530 (i) 226
(ii) 50% 10% 15%5% 20% EPC EPC EPC 227
EPC EPC EPC EPC EPC EPC EPC 228
1. 2008121 2. 2009102009 3. 2010928 4. 2010929 5. 201112800PC 2011 229
2011119 321003032 20121016 200811(i) (ii)(iii) 20121023 200911 230
201112312012630 201112312012630 200920102011 12312012630 0.91.2 1.20.52012630 0.6 231
201112312012630 20121017(i) 200811 (ii)(iii) 20121016(i)2008 11(ii) (iii) 201112312012630 20111231 2012630 (i) (ii)(iii) 232
1399 20,00025,690 20042006 190100 20104132013412902010 7212013720 B-3-6699 43,044 11 97,79029,145 20052006 1426 2601260427270127042,398 2008 74 233
390193677 2005 30 (i)(ii) 10%4,100 0.1% 10,000 88124 300 88811034401403 4043,255 88801802806 910154,972 13 130 234
1991 24 4.1BB27 1373 10601 6089039062,050 18505007 2,812 (i) (ii) 200918176.0 25% 201231 235
2011620135 12 699 15%4 1399 190 236
1 88 12 300.00 1 201171 2013630 2 888 11034 401403404 3,255.33 4 201151 2013430 3 8 8801802806 910 4,971.69 15 20111126 20141125 4 199 1 24.00 1 2012214 2015213 5.06(2) 129,600 4,515,144 606,546.18 3,500 237
5 13 6 4.1BB271 7 10 903906 8 10 601608 130.00 1 201111 20151231 372.81 1 201211 20141231 781.81 4 2012109 201448 1,267.76 8 201291 2014831 5.06(2) 13,000 18,640.5 1,068,732 1,574,302.2 238
9 18 50 5007 10 7th Floor International Financial Centre Jalan Jendral Sudrman Kav.22-23 Jakarta 12920 Indonesia 11 Villa BOSPAD#01 Eurovillage Compound P. O. Box 691 Dhahran Airport 31932 Saudi Arabia 12 Al jarbou Tower Al Dhahran Street Al khobar Saudi Arabia 2,812 1 201213 201512 102.43 1 PT Kepland Investama 2011715 2014714 130.00 1 Euro Village Compound 201235 201334 182.87 1 Mohammed R.Al garboo 201181 2013730 5.06(2) 201,058 80,000 250,000 164,583 239
20091231 122 122(1B)20111110 122(1) 20091120091231116B 65(a)20111018 20121162012103120121031201211 1 20118520121016 240
201293 20121016 200811 20081 1 201112312012831 2011 12312012831 3.3201112312012831 0.7 241
20121016 200811 20121025 19996 201210 242