“The Future is in our hands… Let’s build it together”

“Development of modular refineries in Sub-Saharan African countries”

Brahms Oil Refineries Ltd. is the result of its Founder’s vision who realized the market opportunities created by the lack of refining capacity in Africa. Combined with Africa’s strong desire to develop an industrial base and strategic reserves within each country, our CEO, Mr. Daouda Fall, thus founded Brahms to erect modular crude oil refineries in selected Sub-Saharan countries.

To transform Brahms Oil Refineries Ltd. (BOR) into reality, the company was complemented by a team with long-lasting experience in the areas of Oil & Gas, mainly in engineering, refining and trading. In addition to the management team, BOR is supported by a reputable Board of Directors and Advisors with backgrounds and profound track-records in Finance and Oil & Gas related projects.

Our in-depth knowledge of the West African region, added to the skills and experience of the Boards and Management team, features the ideal blend to develop modular refineries in West African countries.

 

STRENGTHS

 Strong Management, Technical & Advisory Team
Niche Market Access
Excellent Market Knowledge of West Africa
Strong International Financial Network
Strong ties with International Organisations

GUINEA

Today, Africa does not have an internationally competitive refining industry and the historical performance has not been satisfactory. Therefore, Africa has become increasingly reliant on importing refined products to meet the needs of a rapidly growing population.

Moreover, African crude oil production is increasingly being displaced from US refineries by fast growing domestic production. This situation intertwined with a growing shortfall of African refining capacity creates an opportunity for putting up small indigenous refineries in certain countries to absorb some of the African supply of crude oil while reducing the dependence on imported fuels.

In particular, West & Central Africa are experiencing a large gap between the output of the existing refineries and the actual demand for refined products today. CITAC estimates a current shortfall of 23.7 million MT a year which is expected to grow up to 46.3 million MT a year in 2025 depending on whether some of the various refinery projects and/or upgrades have materialised by then or not.

It is within this context that Brahms Oil Refineries Ltd., a United Arab Emirates company, has been incorporated in order to seize these market opportunities by erecting modular refineries in Guinea and other selected areas.

Whilst large existing refineries have generated poor returns in Africa, there is an option which constitutes an appropriate alternative to fulfil the existing oil products’ demand: Modular refineries.

A turn-key modular refinery has several trump cards: It provides full flexibility, can be completed in stages and be tailored to the specific needs of the area where it is located.

A refining activity produces added value for the local economy while providing impetus for broader industrial development and job creation generating a socio-economic value contribution.

A refining activity with the latest technology allows to meet better product specifications thereby making a contribution to achieving clean transport fuel targets in the country.

OUR VISION

In order to think big in today’s global economic environment one has to start by planning strategically and efficiently. Brahms is a true believer of “human size flexible projects” and disruptive technologies. This way of thinking is driving Brahms philosophy and project strategy. The company’s interest in the field of Energy is based on its belief that energy and economic development are coupled. Indeed, Brahms is convinced that Africa can write its own future and gain competitive advantages by developing its natural resources and human capital through the use of new technologies in the Energy sector.  Brahms’ goal – to develop energy related projects – is facilitated by its involvement in the fields of Finance and Energy which are key in developing economies.

Brahms’ key principles: Flexibility, efficiency, higher quality, reliable refinery operations and environment friendliness.

TEAM

Board of Directors

Daouda Fall – Chairman & CEO

Daouda Fall is an African entrepreneur who is currently living and deploying its activities out of Switzerland. He is the founder and C.E.O of Brahms Group SA, an Investment Management Company that is focused on originating and developing impact investment projects in West Africa. Brahms Group SA currently develops two flag ship projects in Downstream Oil & Gas and Agriculture, respectively in Senegal and Guinea.

Besides the above duties, Mr. Fall via its consulting company has raised over USD 50 Million Dollars for projects in Bio-technology and Renewable Energy. Additionally, Mr. Fall is a Board member and Managing Partner of Ascon Group, an international trading company that exists since 1984. He oversees the strategic development of the company’s trading activities in West Africa. Mr. Fall is a former Board member of Mesa Group (2010 – 2011), a mining and logistic company where he lead the development of new business opportunities and helped established a larger client base for the company. In 2010, he was appointed as a consultant for the China Mining United Fund (CMU) as well as an advisor to the China Investment Mining Union that reports to China’s National Development and Reform Commission.

Prior to starting his entrepreneurial activities in 2009, Mr. Fall worked with Citigroup managing High Net Worth clients and during this time he managed to create a solid network within the Middle East and Africa. Prior to Citi, he worked as a Hedge Fund Specialist with JP Morgan Chase Bank (Private Bank).

Mr. Fall is a laureate of the Think Tank Choiseul Institute that elects the 100 most Influential and Economic Leaders of 40 years old and under. Mr. Fall holds a master’s degree in Global Political Economy from the University of Sussex with a specialization in Global Finance and Economy of Development. He graduated among the best in his class and has been a speaker in numerous conferences.

Phillip Sack – Executive Director

Mr. Phillip Sack has been active in the oil trading and refining industry for more than a decade. He is majority shareholder of Ascon Timpet GmbH, part of the Ascon Group, an internationally recognized oil and energy focused organization which was founded in 1984. He further is Chairman of the Board of PT Ascon Indonesia Int., one of Indonesia’s fastest growing energy traders.

Mr. Sack has great experience in the marketing and trading of refined distillates and has been heading the strategic as well as financial implementation.

Prior, he worked for renowned companies such as Italy’s largest energy supplier ENEL Group with an annual turnover of approx. 85 Billion Euro, where he analyzed the worldwide energy markets and defined recommendations of country-entry strategies and exploration opportunities as an internal consultant. He further worked for the Spanish representation of German logistic giant FIEGE Gruppe, a 140 year old company with more than 9.000 employees in 15 countries and 160 branches, where he worked on the elaboration of the operating costs analysis and international logistics strategies. 

Mr. Sack holds a Bachelor’s degree in Business Administration as well as an International MBA title which he received at the prestigious EADA Business School (Barcelona/ Spain).

Christophe Winkler – Non-Executive Director

Christophe Jungels-Winkler is the founder and Managing Director of Eisvogel Group AG, a Swiss holding company investing in high specification, value-add industrial and associated service businesses, including enterprise software that underpin Industry 4.0.

Christophe has spent the majority of his career investing, advising and working with high growth European and family businesses. Prior to Eisvogel’s establishment, Christophe founded and managed a top quartile performing growth PE fund investing in growth stage engineering and industrial businesses in Western Europe.

Prior Christophe worked at IP Group Plc., a leading listed venture capital fund investing in early and growth stage businesses in the UK, and as an infantry officer in the British Army. Christophe has also worked with and advised his own industrial family business in both operational and financial roles.

Christophe holds an MBA (Dean’s List) from Columbia and London Business School and he graduated from Edinburgh University with a Master’s degree in History and Economics (MA (Hons)).  Christophe is a Swiss national who grew up in Angola and the UK.1111.

François Sunier – Non-Executive Director

François Sunier, a Swiss citizen, has over 25 years’ of experience in the financial sector. He currently serves as the CEO and Managing Director of Suntrust Investment Co. SA, an asset management company that has been active in the financial sector for over 30 years.

Before joining Suntrust in 1998, Mr. Sunier worked for Goldman Sachs in London as an Executive Director where he was co-head of the fixed income sales department for Switzerland from 1993 to 1997.  Prior to that, Mr. Sunier was with UBS Philips & Drew in London and completed his asset management training with Union Bank of Switzerland in Geneva in 1992.

Mr. Sunier has been instrumental in setting up various businesses in the energy and resource space and currently serves in the Board of numerous companies, among them Avance Gas Holding Ltd, Bermuda, a listed company on the Norwegian stock market that operates a fleet of VLGC’s vessels. Mr. Sunier is also an active board member of the following companies: Mirabaud SCA (Private Bank), Group Minoteries S.A (listed on the Swiss Stock Market), Suntrust Investment Co, Prisminvest SA (Chairman), Sunmills SA, Primatrust SA among other private international companies.

Mr. Sunier has a Bachelor degree in political sciences from the University of Geneva.

Management & Technical Team

Daouda Fall – Chairman & CEO

Daouda Fall is an African entrepreneur who is currently living and deploying its activities out of Switzerland. He is the founder and C.E.O of Brahms Group SA, an Investment Management Company that is focused on originating and developing impact investment projects in West Africa. Brahms Group SA currently develops two flag ship projects in Downstream Oil & Gas and Agriculture, respectively in Senegal and Guinea.

Besides the above duties, Mr. Fall via its consulting company has raised over USD 50 Million Dollars for projects in Bio-technology and Renewable Energy. Additionally, Mr. Fall is a Board member and Managing Partner of Ascon Group, an international trading company that exists since 1984. He oversees the strategic development of the company’s trading activities in West Africa. Mr. Fall is a former Board member of Mesa Group (2010 – 2011), a mining and logistic company where he lead the development of new business opportunities and helped established a larger client base for the company. In 2010, he was appointed as a consultant for the China Mining United Fund (CMU) as well as an advisor to the China Investment Mining Union that reports to China’s National Development and Reform Commission.

Prior to starting his entrepreneurial activities in 2009, Mr. Fall worked with Citigroup managing High Net Worth clients and during this time he managed to create a solid network within the Middle East and Africa. Prior to Citi, he worked as a Hedge Fund Specialist with JP Morgan Chase Bank (Private Bank).

Mr. Fall is a laureate of the Think Tank Choiseul Institute that elects the 100 most Influential and Economic Leaders of 40 years old and under. Mr. Fall holds a master’s degree in Global Political Economy from the University of Sussex with a specialization in Global Finance and Economy of Development. He graduated among the best in his class and has been a speaker in numerous conferences.

Phillip Sack – Executive Director

Mr. Phillip Sack has been active in the oil trading and refining industry for more than a decade. He is majority shareholder of Ascon Timpet GmbH, part of the Ascon Group, an internationally recognized oil and energy focused organization which was founded in 1984. He further is Chairman of the Board of PT Ascon Indonesia Int., one of Indonesia’s fastest growing energy traders.

Mr. Sack has great experience in the marketing and trading of refined distillates and has been heading the strategic as well as financial implementation.

Prior, he worked for renowned companies such as Italy’s largest energy supplier ENEL Group with an annual turnover of approx. 85 Billion Euro, where he analyzed the worldwide energy markets and defined recommendations of country-entry strategies and exploration opportunities as an internal consultant. He further worked for the Spanish representation of German logistic giant FIEGE Gruppe, a 140 year old company with more than 9000 employees in 15 countries and 160 branches, where he worked on the elaboration of the operating costs analysis and international logistics strategies.

Mr. Sack holds a Bachelor’s degree in Business Administration as well as an International MBA title which he received at the prestigious EADA Business School (Barcelona/ Spain).

Pierre Becard – Business Advisor

A chemical engineer and energy economist by training, Pierre Becard has 30 years of experience in the international oil and gas industry.

During the first 11 years of his career, Mr. Pierre Becard has worked for Shell in its French refineries where he served as process engineer, refinery economist and for the last 5 years as operations manager at Shell Berre refinery.

In 1997, Pierre Becard moved to Shell Trading in London and has worked in the oil trading industry ever since. In 2001 he moved to Switzerland to work for various leading trading houses such as Cargill, AOT, Socar and Addax.

During that period he had management responsibilities as well as the opportunity to work “across” the barrel. He developed experience in:

  • Supplying oil refineries (crude oil and products).
  • Trading oil and petroleum products.
  • Managing a processing deal.
  • Price risk management.
  • Refinery and assets acquisitions.
  • Business development in areas such as Africa, USA, FSU, Middle-East.

Since 2012, Pierre Becard is running his own company. He advises his clients for oil marketing and price risk management.

He further is a member of the Geneva Petroleum Club.

Olivier Mettraux - UAE Country Officer

Olivier Mettraux started his career as an Equity Analyst at Quaker Securities where he was involved in transactions related to equity trading, brokerage, investments and venture capital projects. After just a few years of excellent performance, Olivier became Partner and took the position of Head of Trading in 2010.

Throughout this time, Olivier worked on several large business ventures in the fields of technology, energy and biotechnology. He was in charge of investing, financing and supervising selected prominent Private Equity projects.

In addition to his work in the Private Equity field & Brokerage, Olivier also provided wealth-management solutions for large family offices, advising, investing and consolidating considerable amounts of their assets.

Throughout the years, Olivier has built and enlarged his extensive network in Europe, America, Asia and Africa and in July 2016 started as our UAE Country Officer.

Oliver graduated from the world-renowned Ecole Hotelière de Lausanne in 2007, with a specialization in Finance.

Claudio Roberto Tettamanzi - VP Project Development (Downstream)

Claudio Tettamanzi has over 35 years of worldwide management experience, with particular emphasis on marketing, sales and business development in international companies that provide engineering, components and services to the Oil and Gas Industry.

He has expertise in the energy, oil & gas, petrochemical sectors within Europe, FSU and Middle East dealing with oil companies, main licensors and contractors worldwide.

He has a strong experience in complex contractual agreements / projects and has held Senior Executive roles in major technology driven sales and marketing organizations.

Sandro Venerus - Project Director

Sandro Venerus has close to 38 years of international experience in capital projects within the Oil & Gas (refinery and petrochemicals) industry.

Over the years, Sandro Venerus has gained significant experience in managing mega projects across the project life-cycle in the refining, chemicals, pharmaceutical, oil & gas and environmental sectors. Sandro also has extensive experience in process engineering having worked for companies such as Foster Wheeler.

Further, he has diversified experience in most of the aspects of capital projects in the process, pharma and energy industry, including extensive business relationship with international leading clients at all levels.

Troy Brown - Engineering & Construction Manager

Troy Brown has over 30 years of experience in the construction industrial sectors of oil and gas, process and manufacturing facilities, electrical power division and miscellaneous projects.

He has worked with Flour Daniel and their different divisions for 14 yrs. Moreover, Troy has held positions such as project manager, construction manager and construction consultant.

He is the Engineering and Construction Manager and supporting the Project Management developments.

Peter Lenfeld - Process Engineering Manager

Peter Lenfeld has over 21 years of international experience in the oil & gas industry, with particular emphasis on process engineering in  the refinery and petrochemical business.

Over the years, he has gained specific knowledge in the field of refinery operations, specifically in design, revamp, debottlenecking, site operations and troubleshooting of many refinery and petrochemical plants, including all basic unit operations (distillation and absorption columns, heat exchangers, chemical reactors, pumps & piping, plant control, utility systems, etc.).

Marco Amoroso - Gasoline Blending Expert

Marco Amoroso has around 25 years of international experience in the Oil & Gas market within Italy, Europe, Middle East (Oman, UAE, KSA, Iraq, Iran, Bahrain, Yemen), Turkmenistan, North Africa, Thailand, Singapore and South America (Suriname).

He has core expertise in process engineering & chemical products with specific knowledge of fuels blending and performance additives, upstream and downstream processes, water treatment plants, cooling circuits, RO and UF systems, filtration & separation technologies, heat exchangers and cryogenic technologies.

Further, he has been a technical senior advisor & business development consultant for several companies

Stephen Lee Chappell - Construction Expert

Stephen Chappell has over 15 years of extensive Land Survey experience and twelve years of experience managing projects and personnel in 38 US states and 5 countries.

He has detailed knowledge in executing boundary, topographic, Route, DOT, Photo ID/Control, and civil construction surveys.

He is further knowledgeable in the construction, design, and operations of Underground and Open pit mines, Oil and Gas related surveys/construction (pipelines, facilities, and well pads), and Agricultural projects from field-to-market.

Over the years, Stephen Chappell has been a Business Owner, Consultant, Project Manager and Survey Manager.

Amit Pandit - Project Coordinator

Based in Dubai, Amit Pandit is responsible for Project Management and Business Advisory.

Amit Pandit has an extensive experience & exposure of Project Management, Engineering, Project Development, EPC and Project Execution related to large energy projects with International and Indian Firms within the Middle East & North Africa region.

He has a strong background in the energy, utility and construction sectors. Former experience: Project Management Professional for various comprehensive EPC companies for the Energy and Infrastructure Sector such as Dodsal Group and India based Adani Group.

QUESTIONS ABOUT OUR REFINERIES? ASK OUR EXPERTS.

OPERATIONS

In line with its main investment and business objectives, Brahms is currently establishing a 12,000 barrel per day modular crude oil refinery plant in the Republic of Guinea on the basis of a full-fledged techno-economic feasibility study. A local company, called Société de Raffinage Guinéenne S.A or SRG S.A, has been set up as the local operational company to build the project. The company is registered in Guinea since December 2011 under registration number RCCM/GC-KAL/037.767A/2011.

The output of the refinery shall meet a growing demand for refined products expected to develop from a major expansion of the mining industry as well as the urbanization during the decade ahead.

This modular crude refinery project converts crude oil into the below product slate:

  1. Gasoil (fuel obtained from petroleum distillation that is used in diesel engines)
  2. Kerosene (fuel obtained from petroleum distillation that is used for aviation)
  3. Gasoline (Benzene/ Gasoline being use for automotive)
  4. Fuel Oil (is heavy low quality fuel oil used to generate electricity).

NEWS

September 2019: Brahms and Africa Finance Corporation (AFC) extend their partnership by signing a Joint Development Agreement on the project, making AFC a partner in the Project.

April 1st, 2019: Brahms sends out the Invitation to Bid (ITB) for the turnkey, lump sum EPC (Engineering, Procurement and Construction) Contract for the Kamsar Modular Plant.

December 2018: Brahms announces the appointment of Africa Finance Corporation (“AFC”) as Financial Adviser for the development of the Petroleum Refining and Storage Infrastructure Project to be located in Kamsar, Guinea-Conakry. The Project comprises of petroleum storage and transportation infrastructure, as part of a 12,000 barrels oil per day (bopd) modular refining facility. AFC, an investment grade multilateral finance institution, was established in 2007 with an equity capital base of US$1billion, to be the catalyst for private sector-led infrastructure investment across Africa. With a current balance sheet size of approximately US$4.2 billion, AFC is the second highest investment grade rated multilateral financial institution in Africa with an A3/P2 (Stable outlook) rating from Moody’s Investors Service.

September 2018: The Guinean Minister of Environment extends the Environmental Certificates for Brahms‘ refinery project in Kamsar.

July 2018: Brahms hosts an official workshop for relevant stakeholders and Guinean Ministers in Conakry to update on the project status and next steps.

Since November 2017: Further engineering and design optimization by Contax Partners who are active in the energy market since over 30 years with a main focus on the Middle Eastern and African markets. Having served more than 2.000 clients, such as national oil companies, EPC contractors and equipment manufacturers as well as service providers, Contax has a long track-record and undisputed reputation as a Consultant in the Oil and Energy Sector.

November 2017: The FEED-Lite study was finalized by Kentz (SNC-Lavalin Group)

June 10th, 2017: The Topographical work is fully conducted and successfully finalized.

May 20th, 2017: Axens finalizes the configuration study and officially transfers the Report to Brahms‘ technical partners SNC Lavalin.

April 15th, 2017: WSP Group (WSP and Parsons Brinckerhoff) finalizes the Geotechnical Investigation Study and submits the Geotechnical Report to Brahms.

February 1st, 2017: Brahms‘ technical partners move the first earth and start the first groundwork operations on the site to get the Geotechnical equipment in to drill 7 boreholes and to undertake other Geotech investigations to determine the ground conditions on the site for the 10’000 bpd modular refinery.

January 26th, 2017: Brahms selects Axens (http://www.axens.net) as licensor for its 10’000 bpd modular refinery project in Guinea. Axens is a leading international provider of advanced technologies (licensor), catalysts, adsorbents and services (technical assistance, consulting) to the refining, petrochemical, gas and alternative fuels industries.

January 19th, 2017: Brahms selects and awards WSP Group (WSP and Parsons Brinckerhoff) to conduct the Geotechnical Investigation Study of its 10’000 bpd modular refinery project in Guinea. WSP is one of the world’s leading engineering professional services consulting firms with approximately 36,500 employees, including engineers, technicians, scientists, architects, planners, surveyors, program and construction management professionals, and various environmental experts. It is based in more than 500 offices across 40 countries worldwide ((http://www.wsp-pb.com).

August 15th, 2016: Brahms sends out the official invitation to bid (ITB) for the Geotechnical Investigation Study of its 10’000 bpd modular refinery project in Guinea to pre-selected Geotechnical Companies.

August 10th, 2016: Brahms selects and awards to Kentz (http://www.kentz.com) the FEED Lite. Kentz, a member of the SNC-Lavalin group, brings over 100 years’ experience in oil and gas and has built a reputation for developing close and long-lasting relationships with top tier clients and creating long-term value for their organizations. The Group employs over 20,000 professionals and provides integrated, cost-effective and sustainable solutions for upstream, midstream & downstream projects worldwide.

February 5th, 2016: Brahms sends out the official invitation to bid (ITB) for the FEEDLite of its 10’000 bpd modular refinery project in Guinea to pre-selected Engineering Companies.

January 15th, 2016: The Guinean Parliament officially ratifies the Convention during the plenary session with an unanimous vote.

December 30th, 2015: SGS finalizes the Social and Environmental Impact Assessment Study (SEIA) based on the recommendations of the Ministry of Environment. Brahms, via its local company “La Société de Raffinage Guinéenne S.A.” (SRG S.A.). obtains its environmental certificate from the Ministry of Environment.

August 10th, 2015: The “Bureau Guinéen d’Etudes et d’Evaluation Environnnementale”, the technical arm of the Ministry of Environment, approves the scoping report and term of references of the SEIA submitted by SGS.

July 25th, 2015: A delegation of approx. 30 Guinean officials and members of various ministries, including the current Minister of Industry, Mr. Boubacar Barry, joins an invitation of Brahms and its local Guinean operating company Société de Raffinage Guinéenne S.A or SRG S.A, to Kamsar to visit the future oil refinery site in the port proximity. The project is further presented to local authorities and communities.

July 1st, 2015: Brahms launches the Social and Environmental Impact Assessment Study (SEIA). SGS was selected as the company to perform this study.

June 4th, 2015: Brahms signs the Convention (investment and refining framework agreement) with the Government of Guinea for the establishment of a 10.000 bpd crude oil refinery to be erected in Kamsar, Republic of Guinea.

June 10th, 2014: Brahms signs a Letter of Engagement with French’s highly awarded Law Firm Gide Loyrette Nouel to conduct a due diligence on Guinea’s legal system as well as to draft the Convention (investment and refining framework agreement).

May 3rd, 2014: Foster Wheeler France SA. completes the technical Feasibility Study for Brahms‘ Guinean Refinery Project.

November 26th, 2013: Brahms mandates Foster Wheeler France SA. as its technical partner to conduct the technical Feasibility Study for Brahms’ Guinean Refinery Project and signs the Engineering Service Contract in the office of Foster Wheeler in Paris.

For further regular media updates on our refinery project in Guinea as well as other relevant statements please come back to this page or further browse through our separate Photo and Video section.

VIDEOS

Meeting with Guinean Prime Minister
Presidential Decree
Ratification of Convention
Signing of investment and refining Convention with Guinean Government
Launch of Environmental and Social Impact Studies

Swiss Office:

Brahms Oil Refineries Ltd.
c/o Brahms Group SA
Rue de Battoirs, 7
1205 Geneva,
Switzerland

TEL.: +41 (0)22 328 17 02
FAX:  +41 (0)22 328 17 03
info@brahms-refineries.com

UAE Office: 

Brahms Oil Refineries Ltd.
PO Box 506556
Office 2408 South Tower
Emirates Financial Towers, DIFC
Dubai, UAE

dubai@brahms-refineries.com