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Crude Oil

Product/Blend - Crude Oil API 26 min-31 max

Quantity - 2,000,000 bbls/month x 12 term contract

Delivery - FOB Ceyhan Iskenderun Port in Turkey

Price - Caculated on Brent Crude Oil Price Index using three day average of day of Q&Q, less discount per barrel

Kerosene

Product/Blend - Kerosene 

Quantity - 100,000 MT

Price - $385/MT FOB Vladivostok, Russia

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