Crude oilbought andsold abroad
The trading of crude oil in international markets is the core of our business and the activity for which the company is licensed.
- 01Origination
- 02Pricing and terms
- 03Quality and quantity
- 04Shipment
- 05Documentation and settlement
Buying and selling crude oil across borders
We purchase crude oil from sellers and sell it to buyers outside the United Arab Emirates. Each cargo is bought and sold on terms agreed for that transaction, reflecting the grade, the delivery route and the requirements of both sides.
Crude oils differ considerably in density, sulphur content and other characteristics, and every refinery has its own requirements. Matching the right grade with the right buyer is the starting point of every transaction we undertake.
How a crude oil transaction comes together
- Light: API gravity above 31.1°
- Medium: API gravity from 22.3° to 31.1°
- Heavy: API gravity below 22.3°
Specifications agreed cargo by cargo
We do not publish standing offers or fixed specifications. The grade, quantity and quality parameters of each cargo are confirmed in the contract and verified by independent inspection.
Delivery terms
The agreed Incoterm decides who charters the vessel, who insures the cargo and where risk passes from seller to buyer.
- FOB Buyer arranges the vessel; risk passes at loading
- CFR Seller pays the freight; risk passes at loading
- CIF Seller pays freight and insurance; risk passes at loading
- DAP Seller delivers to the named destination; risk passes on arrival
Scope of activity
Crude oil is one of six lines of business. Refined products, LNG and LPG, and petrochemicals each have their own page, alongside our maritime and infrastructure services.
Discuss a cargo or a commercial relationship
We welcome enquiries from producers, refiners, traders, shipowners and financial institutions.