Source
Direct engagement with NOCs and approved producers, subject to verification of authority, allocation and title.
Markets
Crude oil, refined products and selective related markets.
Commercial participation is defined by product, counterparty, logistics, financing and execution readiness.
Portfolio framework
Current product portfolio and commercial status.
The portfolio distinguishes active principal areas from selective participation and prospective areas under development. Availability, quantity, frequency and commercial terms remain transaction-specific and are shared with qualified counterparties.
Principal business · Active
Crude oil
Kafra Core sources crude oil directly from national oil companies (NOCs) and approved producers. Each supply relationship is supported by the required allocation, title, quality and delivery documentation before a commercial commitment is made.
The Group structures spot and term transactions for qualified refiners and buyers across light to heavy and sweet to sour grades.
Direct origination
National oil companies and approved producers.
Direct sourcing at origin is combined with independent inspection, controlled cargo documentation and contract-defined title transfer.
Structure
Spot or term contracts with agreed grade, specification, pricing basis, quantity tolerance and delivery terms.
Execute
Vessel and terminal coordination, independent inspection, bills of lading and bank-compliant documentation.
Deliver
Placement with qualified refiners and buyers under the agreed FOB, CFR, CIF or DES delivery basis.
Representative grade coverage
Crude streams supported by direct origination and transaction experience.
Grade, assay, allocation, cargo size, laycan, price and destination acceptability are reconfirmed for each transaction.
Basrah Medium
Medium sour crude
Typically suited to complex refineries configured for sour crude processing and middle-distillate conversion.
- Supply route
- Direct NOC / approved allocation
- Delivery
- FOB or delivered structures, subject to contract
Bonny Light
Light sweet crude
A high-quality light stream generally evaluated for gasoline and middle-distillate yield in Atlantic Basin markets.
- Supply route
- NOC / authorized producer channel
- Delivery
- FOB or delivered structures, subject to contract
Maya
Heavy sour crude
Typically 21–22° API with approximately 3.4% sulfur, intended for high-conversion and coking refinery systems.
- Supply route
- State producer / approved commercial channel
- Delivery
- FOB or delivered structures, subject to contract
Light to heavy crude
Sweet and sour programs
Other regional grades may be structured where direct supply, verifiable title, refinery fit and logistics are established.
- Pricing basis
- Brent, WTI, Dubai/Oman or published assessments as appropriate
- Differential
- Grade, quality, timing and destination specific
Maya quality figures are typical reference values published by PMI Comercio Internacional and remain subject to the definitive cargo assay and contract.
Important: This is representative grade coverage—not an offer, allocation notice or inventory list. Availability, allocation evidence, assay, cargo size, laycan and commercial terms are disclosed bilaterally to qualified counterparties following onboarding.
Active
Refined products
ULSD / EN590: active physical focus for wholesale and industrial distribution, subject to the required specification and destination rules.
Jet A-1: active aviation-specification supply opportunities, with documentary and quality requirements aligned to the transaction.
Gasoline, naphtha and fuel oil: selective participation where the counterparty, product and logistics profile support execution.
Automotive diesel supplied against the agreed jurisdictional specification, sulfur limit, cold-flow properties and inspection regime.
Aviation turbine fuel supplied against contract-defined quality, recertification, handling and traceability requirements.
Selective grades and blend specifications considered where component, octane, vapour-pressure and destination rules are aligned.
Light or full-range material for petrochemical or refinery use, subject to end-use, composition and logistics requirements.
Selective residual-fuel opportunities structured against viscosity, sulfur, compatibility, storage and destination parameters.
Middle-distillate and related products considered when specification, source, route and demand are executable.
Developing business
LNG and LPG
Kafra Core develops LNG and LPG supply arrangements for end users, utilities, industrial buyers and state-owned offtakers. Engagement begins with clearly defined demand, creditworthy counterparties and a deliverable supply and logistics plan.
Spot and term structures may be considered where product specification, vessel, terminal, inspection, documentary and settlement requirements are fully aligned. Gas products remain a developing business rather than the Group's current principal trading line.
For LNG, evaluation includes source portfolio, liquefaction and loading compatibility, vessel availability, boil-off and voyage economics, receiving-terminal acceptance, regasification capacity, nomination procedures and end-user credit support.
LNG program development
Defined demand before supply commitment.
The Group’s LNG activity is developed around qualified end users and state-owned offtakers with a documented receiving capability and a bankable procurement process.
Demand qualification
Volume profile, delivery window, specification, terminal, downstream use and procurement authority.
Supply matching
Source availability, loading program, vessel class, route and seasonal economics.
Credit structure
Offtaker credit, sovereign or state-enterprise considerations, bank support and payment mechanics.
Delivery execution
Nomination, compatibility, terminal acceptance, custody transfer, documents and settlement.
Selective
Feedstocks & related products
Petrochemical and refinery feedstocks—including naphtha for petrochemical use and related products—are considered selectively, with attention to product origin, end use, storage and specification.
Within license scope · Selective
Non-ferrous metals
Copper, aluminium and zinc transactions may be considered on a selective and structured basis within the applicable corporate and licensed scope. Metals are not currently presented as the Group's principal commercial focus.
| Product class | Status | Commercial focus |
|---|---|---|
| Crude oil | Active | Direct sourcing from NOCs and approved producers |
| ULSD / EN590 | Active | Refinery offtake for wholesale and industrial distribution |
| Jet A-1 | Active | Aviation-specification supply |
| Gasoline · naphtha · fuel oil | Selective | Spot and term opportunities as counterparty profile supports |
| LNG · LPG | Developing | Supply structures for end users and state-owned offtakers |
| Non-ferrous metals | Selective | Within license scope; not principal focus |