Specifications Guide Asia Pacific and Middle East Crude Oil

1 Definitions of the trading locations for which Platts publishes daily indexes or assessments 2 Persian Gulf 4 asia Pacific 12 Revision history 18 Specifications GuideAsia Pacific and Middle East Crude OilLatest update: August GuideAsia Pacific and Middle East Crude Oil: August 20222 2022 by S&P Global Inc. All rights OF THE TRADING LOCATIONS FOR WHICH PLATTS PUBLISHES DAILY INDEXES OR ASSESSMENTSThe following Specifications Guide contains the primary Specifications for Platts Crude oil assessments in asia Pacific and the Middle East. All the assessments listed here employ Platts Assessments Methodology, as published at guides are designed to give Platts subscribers as much information as possible about a wide range of methodology and specification Guide is current at the time of publication. Platts may issue further updates and enhancements to this Guide and will announce these to subscribers through its usual publications of record.

2 Such updates will be included in the next version of this Guide . Platts editorial staff and managers are available to provide guidance when assessment issues require GULFA ssessmentCODEMavgPavgWavgCONTRACT BASISLOCATIONDELIVERY PERIODMIN SIZEMAX SIZECURRENCYUOMCONVDUBAI, OMAN AND UPPER ZAKUMD ubai M1 PCAAT00 PCAAT03 FOBF atehM+225,000500,000US $BarrelsDubai M2 PCAAU00 PCAAU03 FOBF atehM+325,000500,000US $BarrelsDubai M3 PCAAV00 PCAAV03 FOBF atehM+425,000500,000US $BarrelsDubai M1 vs DubaiDBDDC00 DBDDC03 FOBF atehM+225,000500,000US $BarrelsMEC M1 AAWSA00 AAWSA03 FOBF atehM+225,000500,000US $BarrelsMEC M2 AAWSB00 AAWSB03 FOBF atehM+325,000500,000US $BarrelsMEC M3 AAWSC00 AAWSC03 FOBF atehM+425,000500,000US $BarrelsUpper ZakumAAOUQ00 AAOUQ03 FOBZ irku IslandM+225,000500,000US $BarrelsUpper Zakum vs OSPAAOUR00 AAOUR03 FOBZ irku IslandM+225,000500,000US $BarrelsUpper Zakum M1 vs DubaiDBDUZ00 DBDUZ03 FOBZ irku IslandM+225,000500.

3 000US $BarrelsBrent/DubaiAAJMS00 AAJMS03US $BarrelsOman M1 PCABS00 PCABS03 FOBMina Al FahalM+225,000500,000US $BarrelsOman M2 AAHZF00 AAHZG00 FOBMina Al FahalM+325,000500,000US $BarrelsOman M3 AAHZH00 AAHZI00 FOBMina Al FahalM+425,000500,000US $BarrelsOman M1 vs DubaiDBDOC00 DBDOC03 FOBMina Al FahalM+225,000500,000US $BarrelsMurban M1 AAKNL00 AAKNM00 FOBF ujairah/Jebel DhannaM+225,000500,000US $BarrelsMurban M2 MBNSA00 MBNSA03 FOBF ujairah/Jebel DhannaM+325,000500,000US $BarrelsMurban M3 MBNSB00 MBNSB03 FOBF ujairah/Jebel DhannaM+425,000500,000US $BarrelsMurban M1 vs OSPAAKUB00 AAKUC00 FOBF ujairah/Jebel DhannaM+225,000500,000US $BarrelsMurban M1 vs DubaiAARBZ00 AARBZ03 FOBF ujairah/Jebel DhannaM+225,000500,000US $BarrelsMurban QPAAISV00M+2US $BarrelsAl ShaheenAAPEV00 AAPEV03 FOBFSO asia /AfricaM+225,000500,000US $BarrelsAl Shaheen vs DubaiAAPEW00 AAPEW03 FOBFSO asia /AfricaM+225,000500,000US $BarrelsSpecifications GuideAsia Pacific and Middle East Crude Oil: August 20223 2022 by S&P Global Inc.

4 All rights GULFA ssessmentCODEMavgPavgWavgCONTRACT BASISLOCATIONDELIVERY PERIODMIN SIZEMAX SIZECURRENCYUOMCONVOTHER PERSIAN GULF CRUDESUmm LuluAUFAA00 AUFAA03 FOBZ irku IslandM+2500,000500,000US $BarrelsUmm Lulu vs OSPAUFAB00 AUFAB03 FOBZ irku IslandM+2500,000500,000US $BarrelsUmm Lulu M1 vs DubaiDBDUL00 DBDUL03 FOBZ irku IslandM+2500,000500,000US $BarrelsDas BlendAAXOF00 AAXOF03 FOBDas IslandM+2500,000500,000US $BarrelsDas Blend vs OSPAAXPF00 AAXPF03 FOBDas IslandM+2500,000500,000US $BarrelsDas Blend M1 vs DubaiDBDDS00 DBDDS03 FOBDas IslandM+2500,000500,000US $BarrelsQatar LandAAKNP00 AAKNQ00 FOBUmm SaidM+2500,000500,000US $BarrelsQatar Land vs OSPAAKUJ00 AAKUK00 FOBUmm SaidM+2500,000500,000US $BarrelsQatar Land M1 vs DubaiQALDA00 QALDA03 FOBUmm SaidM+2500,000500,000US $BarrelsQatar MarineAAKNR00 AAKNS00 FOBH alul IslandM+2500,000500,000US $BarrelsQatar Marine vs OSPAAKUH00 AAKUI00 FOBH alul IslandM+2500,000500,000US $BarrelsQatar Marine M1 vs DubaiQAMDA00 QAMDA03 FOBH alul IslandM+2500,000500,000US $BarrelsBanocoAAKNT00 AAKNU00 FOBRas TanuraM+2500,000500,000US $BarrelsBanoco vs OSPAAKUD00 AAKUE00 FOBRas TanuraM+2500,000500,000US $BarrelsDFC ( asia close)ADFCA00 ADFCA03 FOBRas LaffanM+2500,000500,000US $BarrelsDFC (London close)ADFCD00 ADFCD03 FOBRas LaffanM+2500,000500,000US $BarrelsDFC vs Dated BrentADFCC00 ADFCC03 FOBRas LaffanM+2500,000500,000US $BarrelsDFC vs DubaiADFCB00 ADFCB03 FOBRas LaffanM+2500,000500,000US $BarrelsQatar LSC ( asia close)AARBB00 AARBB03 FOBRas LaffanM+2500,000500,000US $BarrelsQatar LSC (London close)AARBA00 AARBA03 FOBRas LaffanM+2500,000500,000US $BarrelsQatar LSC vs Dated BrentAARBC00 AARBC03 FOBRas LaffanM+2500,000500,000US $BarrelsQatar LSC vs DubaiAARBD00 AARBD03 FOBRas LaffanM+2500,000500,000US $BarrelsSouth Pars ( asia close)

5 AARAV00 AARAV03 FOBA ssaluyehM+2500,000500,000US $BarrelsSouth Pars (London close)AARAU00 AARAU03 FOBA ssaluyehM+2500,000500,000US $BarrelsSouth Pars vs Dated BrentAARAW00 AARAW03 FOBA ssaluyehM+2500,000500,000US $BarrelsSouth Pars vs DubaiAARAX00 AARAX03 FOBA ssaluyehM+2500,000500,000US $BarrelsBasrah Medium M1 BSMAM01 BSMAM31 FOBBOT/KOTM +1 1,000,000 1,000,000US $BarrelsBasrah Medium M1 vs OSPBSMBM01 BSMBM31 FOBBOT/KOTM +1 1,000,000 1,000,000US $BarrelsBasrah Medium M2 BSMAM02 BSMAM32 FOBBOT/KOTM+2 1,000,000 1,000,000US $BarrelsBasrah Medium M2 vs OSPBSMBM02 BSMBM32 FOBBOT/KOTM+2 1,000,000 1,000,000US $BarrelsBasrah Heavy M1 AALZC00 AALZC03 FOBBOT/KOTM +1 1,000,000 1,000,000US $BarrelsBasrah Heavy M1 vs OSPAALZJ00 AALZJ03 FOBBOT/KOTM +1 1,000,000 1,000,000US $BarrelsBasrah Heavy M2 AALZD00 AALZD03 FOBBOT/KOTM+2 1,000,000 1,000,000US $BarrelsBasrah Heavy M2 vs OSPAALZK00 AALZK03 FOBBOT/KOTM+2 1,000,000 1,000,000US $BarrelsSpecifications GuideAsia Pacific and Middle East Crude Oil.

6 August 20224 2022 by S&P Global Inc. All rights GulfDubai, Oman, Upper Zakum, Al Shaheen and MurbanPlatts assesses destination-free physical Dubai, Oman, Upper Zakum, Al Shaheen and Murban in its Middle East Crude benchmark basket (MEC). The assessments for Dubai (MEC), Oman and Murban reflect loadings for three forward months, starting two months forward from the month of assessment. For example, in April, Platts assesses June, July and August for liftings of these crudes. The rollover of assessment occurs on the first working day of the month. Platts would assess June as front-month on April 30 and roll the coverage of front-month from June to July on May 1. In May, Platts publishes assessments for July, August and September. Platts Dubai assessments will reflect the most competitive Crude in the reflects the value of these Crude grades, as expressed through bids, offers and trading activity in partial cargo sizes of 25,000 barrels each and full cargoes of 500,000 barrels reported in the Platts Market on Close assessment process or in the broader market.

7 In partials trade, a physical convergence to a full 500,000-barrel cargo occurs when the same buyer and seller have traded 20 partials. Sellers cannot nominate destination-restricted cargoes to buyers in the event of physical convergence in the partials : Platts Dubai assessments reflect market activity in Dubai partials and full cargoes. Platts Dubai assessments take into consideration partials trading activity from market participants only if they are willing to accept or declare a cargo of Dubai Crude or alternate delivery of Upper Zakum, Oman, Al Shaheen or Murban Crude with a Quality Premium upon convergence to a full cargo. The seller must declare the grade at the point of execution of the 20th partial trade with the buyer. Platts publishes daily outright Dubai assessments for cargoes loading two (M+2), three (M+3) and four (M+4) months from the month of publication, as well as a spread between benchmark Platts Dubai (M+2) versus same-month Dubai futures.

8 < >= and higher0 to to content050miQatar Land Gravity API | Sulfur Shaheen Gravity API | Sulfur Marine Gravity API | Sulfur Gravity API | Sulfur Gravity API | Sulfur Gravity APIS ulfur Gravity API | Sulfur Zakum Gravity API | Sulfur LuluGravity API | Sulfur Blend Gravity API | Sulfur Field Condensate (DFC)Gravity 57-59 API | Sulfur Low Sulfur Condensate (LSC)Gravity 58-61 API | Sulfur HeavyGravity 24 API | Sulfur MediumGravity 29 API | Sulfur Pars Condensate Gravity API | Sulfur ARAB EMIRATESIRANOMANQ ATA RSAUDI ARABIABAHRAINP ersian GulfGulf of OmanStrait ofHormuz25 N50 E30 NSource: S&P Global PlattsSpecifications GuideAsia Pacific and Middle East Crude Oil: August 20225 2022 by S&P Global Inc. All rights : Platts Oman assessments reflect market activity in Oman partials and full cargoes. Platts Oman assessments take into consideration partials trading activity from market participants only if they are willing to accept or declare a cargo of Oman Crude or alternate delivery of Murban Crude with a Quality Premium upon convergence to a full cargo.

9 The seller must declare the grade at the point of execution of the 20th partial trade with the buyer. Platts publishes daily outright Oman assessments for cargoes loading two (M+2), three (M+3) and four (M+4) months from the month of publication, as well as a spread between benchmark Platts Oman (M+2) Crude versus same-month Dubai futures. Oman blend trades on an outright basis on the Dubai Mercantile Exchange and at a differential to Platts Dubai in the spot derivative spread: The Oman/Dubai spread is a derivative instrument and is settled on the differential between Oman and Dubai assessments for the month concerned. This spread is traded in the over-the-counter market and has no physical Zakum: Platts Upper Zakum assessments reflect market activity in Upper Zakum partials and full cargoes. The grade typically trades in the spot market at a differential to Platts Dubai. Platts Upper Zakum assessments take into consideration partials trading activity from market participants only if they are willing to accept or declare a cargo of Upper Zakum Crude or alternate delivery of Murban Crude with a Quality Premium upon convergence to a full cargo.

10 The seller must declare the grade at the point of execution of the 20th partial trade with the buyer. Platts publishes daily outright Upper Zakum (M+2) assessment as well as its spreads against same-month Dubai futures and its estimated OSP. Platts assessment for Upper Zakum versus OSP represents a differential between the spot value of Upper Zakum Crude oil and the anticipated Upper Zakum Shaheen: Platts Al Shaheen assessments reflect market activity in Al Shaheen partials and full cargoes. The grade typically trades in the spot market at a differential to Platts Al Shaheen assessments take into consideration partials trading activity from market participants only if they are willing to accept or declare a cargo of Al Shaheen Crude or alternate delivery of Murban Crude with a Quality Premium upon convergence to a full cargo. The seller must declare the grade at the point of execution of the 20th partial trade with the buyer.