PRESS RELEASE Malabo – October 5th, 2010   MBINI REFINERY - CONCEPTUAL DESIGN AND PROJECT MANAGEMENT SERVICES CONTRACT The Ministry of Mines, Industry and Energy is pleased to announce that KBR Inc have been invited to negotiate a contract for the provision of the Conceptual Design and Project Management Services for the Mbini Refinery in the Republic of Equatorial Guinea. The invitation to negotiate a contract was based on the analysis of bids received as a result of an international tender, which was initiated by the Ministry in July 2010. The Ministry of Mines, Industry and Energy previously announced in April of the intent to construct a refinery at Mbini, located on the Rio Muni mainland part of Equatorial Guinea. The planned refinery will have a 20,000 barrels of oil per day capacity and will be designed to produce Gasoline, Diesel, Jet A-1, Fuel Oil, and possibly Asphalt. The primary purpose of the refinery will be to supply internal demand, with any excess product being available for export to the local regional markets.