BUSINESS ACTIVITIES

A. OIL & GAS TRADING

Oil History

Year 2005

Contract conclusion of the first dealership with ABU DHABI NATIONAL OIL COMPANY of UAE as to crude oil.

- Acquisition of the right for the sales of 2 million tons of crude oil per year for 2 years.

- Sales of crude oil to South of Korea, China, Australia and Turkey.

Year 2006

Commencement of investment in spot trading market to Singapore(about 1.5 million barrels of crude oil per year).

Year 2007

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Purchase of an oilfield and East AKHZAL in Kazakhstan, and contract conclusion for the sales of crude oil with Chinese company.

Year 2008

Conclusion of sales contract for the supply of 100,000 tons of Russian diesel oil per month to Philippines and Thailand.

Year 2009

Entered into a sales contract for the supply of heavy oil(M-100) 240,000 tons per year with SINOPEC COMPANY of China.

Year 2010

Sales of the fuel oil of Iraq’s SOMO COMPANY to China.

Year 2010

Conclusion of sales contract for the sales of Russian oil(M-100) to Hwanghai group in Shandong in China and Japan’s joint venture company with Indonesia. (The terms of contract: trade of over 300,000 tons a month for 2 years)

Year 2010

Engagement with the development project of SK group in Korea and DOG company in England to develop two oilfield in Ecuador.