Subject: FW: LOI - Light Crude Oil
From: <[email-masked]>
To: <[email-masked]>
Date: Mon, 11 Dec 2023 16:30:01 +0330

-----Original Message-----
From: Aref Bakht <[email-masked]> 
Sent: Saturday, December 2, 2023 9:36 PM
To: [email-masked]
Cc: [email-masked]
Subject: LOI - Light Crude Oil

To : Sepehr Energy

Subject : Letter of Intent for Purchase of  Light Crude Oil .

Dear Sir

We,  Bakht Group Corporation LTD , with full legal corporate  authority and
under penalty and  perjury, hereby confirm  our interest  that we are
ready, willing  and able to purchase Light Crude Oil Not Blend from Malaysia
with the set terms as defined below:

Commodity: Light Crude Oil Not Blend.
Specification: 
https://www.nioc-intl.ir/NEW-PDF/SUMMER/GeneralData-IranianLight-New.pdf
.
Country of Origin: Malaysia.
Quantity: 2,000,000 Barrel.
Delivery: DAP China.
Price: Minus 13 USD Per Barrel.
Price Formula: Average 1-29 Feb 2024 On April 2024 Future ICE Brent
Contract.
Delivery Period: 1-30 December.
Currency: USD Or Euro.
Quality And Quantity : As Per Guaranteed Spec.

We will give you a bank guarantee from an Iranian bank (Bank Shahr or Bank
Melli) for a 60-day payment.
Payments within China will be made to your trust accounts.

We  hope this is a starting  point of a  long-term business relationship
between  our  both organizations, if you require any further clarifications
please do not hesitate to contact the undersigned directly.

Sincerely yours;

Aref Bakht
Chief Executive Officer