Crude Assay Report

on

Crude Oil sample marked

"AL SHAHEEN CRUDE OIL"

dated 10th April 2006

On Behalf Of

Maersk Oil Qatar AS

With compliments

Intertek Caleb Brett, Fujairah

Caleb Brett Fujairah

Fujairah Free Zone, Phase II , P.O. Box 1307, Fujairah, United Arab Emirates Tel: (971)(9) 2228124, Fax: 2228125 Web: http://www.intertek.com

"AL SHAHEEN CRUDE OIL" ASSAY INDEX

Sl.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Description of sample Summary and comments Detailed Assay Base Cuts Overview Whole Crude Characteristics True Boiling Point Distillation data True Boiling Point Distillation data - Graph Summary of Product / Residue cut points & Yield Properties of CutsC5 - 65C 65 - 150C 150 - 200C 200 - 250C 250 - 300C 300 - 350C 350 - 420C 420 - 560C 560C + Distilation data per fractions Fractions Mid B.P. Vs. Density - Chart Fractions Mid B.P. Vs. Sulphur Content - Chart Fractions Mid B.P. Vs. Nitrogen Content - Chart Fractions Mid B.P. Vs. Aniline Point - Chart Description Page No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

LABORATORY REPORT NO. - FUJ/FCA1025/06 Date: June 5, 2006

Maersk Oil Qatar As P.O.Box 22050 Doha Qatar

For the Attention of

Mr. Michael D. Pedersen

Sample(s) received from

Maersk Oil Qatar As

Sample(s) submitted as

Crude Oil - 3 x 20 Ltrs IATA Cans - 2 x 10 Ltrs IATA Cans

Description(s) on Label(s)

Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

Work Order No.

CWO-14064

Seals on Sample(s)

042351, 042666, 042100, 042548, 042052

Sample(s) received on

May 2, 2006

The above sample(s) was/were examined as detailed below and the following results obtained:

Please refer attached sheet for analytical results.

Page 1

LABORATORY REPORT NO. - FUJ/FCA1025/06 SUMMARY & COMMENTS

General:
The Al Shaheen Crude Oil samples were received from Intertek Caleb Brett Qatar Branch on May 02, 2006. The samples were in 3 x 20 Ltrs & 2 x 10 Ltrs IATA Cans. The labels indicated that the samples were drawn on 10th April 2006.

Appearance & Initial Examination:

The sample observed to be liquid at room temperature with good flow properties. After cooling (to Zero degree centigrade) and homogenization of the sample. H 2S content on the vapour phase of the samples within the original containers were measured and noted to be in the range of 3000-1400 ppm within the containers. A representative portion of the sample was drawn and tested for API and Water contents. API observed to be 27.97API and the Water content as 0.18% Vol. The Dry API of the sample was calculated and observed to be 28.03 API.

Distillation and Analysis:

The distillation of the sample was carried out in two major steps as per ASTM D 2892 (15 Theoretical plate column) & ASTM D 5236 (Vacuum potstill) methods. The yield pattern of each fraction collected are tabulated in percentage weight and percentage volume and in graphical form. Results of the analysis carried on the various fractions are shown in pages 8-17. Some of the properties are also presented in chart form in pages 18-21.

Please do not hesitate to contact us for any additional information or clarifications that you may require on this analysis.

Page 2

LABORATORY REPORT NO. - FUJ/FCA1025/06 Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006. CRUDE OIL - DETAILED ASSAY ALL CUTS OVERVIEW
CUT RANGE Whole Crude 1 LIGHT ENDS C42 3 65 - 150C 4 150 - 200C 5 200 - 250C 6 250 - 300C 7 300 - 350C 8 350 - 420C 9 420 - 560C 10

TEST

UNIT

METHOD

C5 - 65C

Distillation of Crude Oil (15 plate) Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Density @ 15C (dry) Specific Gravity @ 60/60 F (dry) API Gravity @ 60 F (dry) Water Content Light Ends methane ethane propane i-butane n-butane Total C1-C4 i-pentane n-pentane Sulphur Content Mercaptan Sulphur Mercaptan Sulphur Total Nitrogen Research Octane Number *** Motor Octane Number *** PIONA analysis Total paraffins Total olefins Total napthenes Total aromatics > 200 C & Unidentified Poly-N Aniline Point Smoke Point Naphthalene content Vanadium (V) Nickel (Ni) Iron (Fe) Nickel / Vanadium Ratio Freeze Point Cloud Point Pour Point (upper) Pour Point (lower) Kinematic Viscosity @ 20 C Kinematic Viscosity @ 40 C Kinematic Viscosity @ 50 C Kinematic Viscosity @ 80 C Kinematic Viscosity @ 100 C Kinematic Viscosity @ 150 C Distillation Cetane Index Refractive Index @ 20 C Refractive Index @ 70 C Micro Carbon Residue Asphaltene Total Acid Number Benzene Content Salt Content Salt Content as NaCl Salt Content Flash Point Sediment by Extraction Reid Vapour Pressure @ 100 F Hydrogen Sulphide Mercury Lead Wax Content prec. At -30 C
Note:

% Wt. % Vol. % Wt. % Vol. kg/L

ASTM D 2892 & ASTM D 5236 ASTM D 2892 & ASTM D 5236 ASTM D 5002 / IP 365 / IP 190 Conversion Calculated 0.8868 0.8873 27.97 0.8865 0.8870 28.03 0.18 0.000 0.039 0.309 0.260 0.811 1.419 0.950 0.633

1.28 2.00 1.28 2.00

2.70 3.70 3.98 5.70 0.6464 0.6465 87.37

7.23 8.77 11.21 14.47 0.7316 0.7318 61.86

6.39 7.19 17.60 21.66 0.7897 0.7901 47.59

7.65 8.23 25.25 29.89 0.8250 0.8254 39.93

9.27 9.59 34.52 39.48 0.8578 0.8583 33.36

9.37 9.44 43.89 48.92 0.8803 0.8808 29.15

12.03 11.77 55.92 60.69 0.9052 0.9057 24.73

21.10 19.81 77.02 80.50 0.9449 0.9455 18.16

22.98 19.50 100.00 100.00 1.0250 1.0257 6.45

kg/L

Calculated Conversion Calculated

% Vol.

ASTM D 4298

% mass

GC

% mass mg/kg mg/kg % mass

ASTM D 4294 ASTM D 3227 UOP 163 ASTM D 5291 (Mod) ASTM D 2699 ASTM D 2700

2.37 339 0.15

0.043 235

0.066 314

0.180 225

0.356 103

1.04 54 < 0.05

1.88

2.41

2.86

5.00

< 0.05

0.08

0.15

0.37

74.2 71.0 95.32 < 0.01

57.0 55.0 61.63 < 0.01 36.24 2.13 < 0.01 < 0.01 33.72 < 0.01 23.61 18.23 24.44 5.97 55.2 27.0 0.17 112 38 15 0.34 58.4 21.0 60.4 68.6 73.0 84.6

% Vol

GC

4.65 0.03 < 0.01 < 0.01

C mm %Vol. mg/kg

ASTM D 611 IP 57 ASTM D 1840 IP 470 ( AAS )

C C C C

ASTM D 2386 ASTM D 2500 ASTM D 5853 / D97 ASTM D 5853 / D97 Below -45 Below -45 44.06 13.32

Below -70.0

- 52.5 Below -42 - 29 - 30 -4 -6 + 18 + 15 ## + 42 + 51

1.670 1.443

3.069 2.531 1.629

6.438 4.977 2.640

16.23 11.46 5.068 74.55 21.06 11.53 3013 193.9

mm2/S

ASTM D 445

10.21

ASTM D 86 ASTM D 976 ASTM D 1218 ASTM D 1218 1.5008

See page 17

See page 17 See page 17

* *

43.3 1.4578

45.8 1.4771

46.8 1.4893

% mass % mass mgKOH/g % mass PTB mg/L mg/kg C % mass psi mg/kg mg/kg mg/kg % mass

ASTM D 4530 IP 143 ASTM D 664 GLC ASTM D 3230 IP 265 IP 265 ASTM D 93 (Mod.) ASTM D 473 ASTM D 323 UOP 163 Cold Vapor ASTM D 5863 / AAS UOP 46 1.70 0.329 < 0.01 46.3 145.8 149.0 Below -5 0.01 6.4 <1 <1 < 0.1 1.0

0.60

23.3 9.02

* Unable to perform test due to the heavy nature of the fraction. *** Samples were blended with ASTM grade Iso Octane, and results were caluclated from the blend's result. ## Unable to test due to the dark colour of the fraction. Page 3

560C +

LABORATORY REPORT NO. - FUJ/FCA1025/06 SUMMARY OF WHOLE CRUDE CHARACTERISTICS

Sample Descriptions / Label TEST
Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Density @ 15C (dry) Specific Gravity @ 60/60 F (dry) API Gravity @ 60 F (dry) Water Content Light Ends methane ethane propane i-butane n-butane Total C1-C4 i-pentane n-pentane Sulphur Content Mercaptan Sulphur Total Nitrogen Pour Point (upper) Pour Point (lower) Kinematic Viscosity @ 20 C Kinematic Viscosity @ 40 C Kinematic Viscosity @ 50 C Refractive Index @ 70 C Asphaltene Total Acid Number Benzene Content Salt Content Salt Content as NaCl Salt Content Flash Point Sediment by Extraction Reid Vapour Pressure @ 100 F Hydrogen Sulphide Mercury Lead Wax Content prec. at -30 C % mass mgKOH/g % mass PTB mg/L mg/kg C % mass psi mg/kg mg/kg mg/kg % mass ASTM D 1218 IP 143 ASTM D 664 GLC ASTM D 3230 IP 265 ASTM D 3230 ASTM D 93( Mod) ASTM D 473 ASTM D 323 UOP 163 Cold Vapor ASTM D 5863 / AAS UOP 46 mm /S
2

Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006. UNIT

kg/L

METHOD
ASTM D 5002 Calculated Conversion

Whole Crude
0.8868 0.8873 27.97 0.8865 0.8870 28.03 0.18 0.000 0.039 0.309

kg/L

Calculated Conversion Calculated

% Vol.

ASTM D 4298

% mass

GC

0.260 0.811 1.419 0.950 0.633

% mass mg/kg % mass C C

ASTM D 4294 UOP 163 ASTM D 5291 (Mod) ASTM D 5853 ASTM D 5853 ASTM D 445

2.37 339 0.15 Below -45 Below -45 44.06 13.32 10.21 1.5008 1.70 0.329 < 0.01 46.3 145.8 149.0 Below -5 0.01 6.4 <1 <1 < 0.1 1.0

Page 4

LABORATORY REPORT NO. - FUJ/FCA1025/06 TRUE BOILING POINT DISTILLATION DATA

(ASTM D 2892 & ASTM D 5236) Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

Sl. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Vapour Temperature C Gas 15 - 40 40 - 65 65 - 100 100 - 125 125 - 150 150 - 175 175 - 200 200 - 225 225 - 250 250 - 275 275 - 300 300 - 325 325 - 350 350 - 375 375 - 400 400 - 420 420 - 450 450 - 475 475 - 500 500 - 520 520 - 540 540 - 560 560 + Residue

% Weight 1.28 1.35 1.35 2.57 2.19 2.47 3.16 3.23 3.64 4.01 4.49 4.78 4.63 4.74 4.74 4.56 2.73 3.65 5.37 4.15 2.71 2.53 2.69 22.98

Cumulative % Weight 1.28 2.63 3.98 6.55 8.74 11.21 14.37 17.60 21.24 25.25 29.74 34.52 39.15 43.89 48.63 53.19 55.92 59.57 64.94 69.09 71.80 74.33 77.02 100.00

% Volume 2.00 1.90 1.80 3.22 2.64 2.91 3.61 3.58 3.95 4.28 4.69 4.90 4.73 4.71 4.65 4.47 2.65 3.50 5.11 3.91 2.52 2.33 2.44 19.50

Cumulative % Volume 2.00 3.90 5.70 8.92 11.56 14.47 18.08 21.66 25.61 29.89 34.58 39.48 44.21 48.92 53.57 58.04 60.69 64.19 69.30 73.21 75.73 78.06 80.50 100.00

Page 5

LABORATORY REPORT NO. FUJ/FCA1025/06

TRUE BOILING POINT DISTILLATION CURVE (ASTM D 2892 & ASTM D 5236) AL SHAHEEN CRUDE OIL Ex Qatar sampled on 10th April 2006
580 560 540 520 500 480 460 440 420 400 380 360 340 320 300 280 260 240 220 200 180 160 140 120 100 80 60 40 20 0 0.0 10.0 20.0 30.0 40.0

Temperature C

Recovery %

50.0

60.0

70.0

80.0

90.0

% Weight

% Volume

Page 6

LABORATORY REPORT NO. - FUJ/FCA1025/06 SUMMARY OF PRODUCT / RESIDUE CUT POINTS AND YIELDS

Sample Descriptions / Label

Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

Yield %

Cut Points

Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

( C)

Weight %

Volume %

IBP - 65

2.70

3.70

65 - 150

7.23

8.77

150 - 200

6.39

7.19

200 - 250

7.65

8.23

250 - 300

9.27

9.59

300 - 350

9.37

9.44

350 - 420

12.03

11.77

420 - 560

21.10

19.81

560 +

22.98

19.50

Page 7

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - C5 - 65C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

CUT RANGE TEST UNIT METHOD 2 C5 - 65C Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Mercaptan Sulphur Research Octane Number *** Motor Octane Number *** PIONA analysis Total Paraffins Olefins Napthenes Aromatics > 200 C & Unidentified Poly-Naphthenes
Note: *** Samples were blended with ASTM grade Iso Octane, and results were caluclated from the blend's result. Page 8

% Wt. ASTM D 2892 % Vol. % Wt. ASTM D 2892 % Vol. kg/L IP 365 Conversion Calculated % mass mg/kg ASTM D 4294 ASTM D 3227 ASTM D 2699 ASTM D 2700

2.70 3.70 3.98 5.70 0.6464 0.6465 87.37 0.043 235 74.2 71.0

95.32 < 0.01 % Vol GC 4.65 0.03 < 0.01 < 0.01

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - 65 - 150C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.
CUT RANGE TEST UNIT METHOD 3 65 -150C Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Mercaptan Sulphur Research Octane Number *** Motor Octane Number *** PIONA analysis Total Paraffins Olefins Napthenes Aromatics > 200 C & Unidentified Poly-Naphthenes % Vol GC 61.63 < 0.01 36.24 2.13 < 0.01 < 0.01 % mass mg/kg % Wt. ASTM D 2892 % Vol. % Wt. ASTM D 2892 % Vol. kg/L IP 365 Conversion Calculated ASTM D 4294 ASTM D 3227 ASTM D 2699 ASTM D 2700 14.47 0.7316 0.7318 61.86 0.066 314 57 55 8.77 11.21 7.23

Note: *** Samples were blended with ASTM grade Iso Octane, and results were caluclated from the blend's result.

Page 9

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - 150 - 200C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

CUT RANGE TEST UNIT METHOD 4 150 - 200C Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Mercaptan Sulphur PIONA analysis Total Paraffins Olefins Napthenes Aromatics > 200 C & Unidentified Poly-Naphthenes Aniline Point Smoke Point Naphthalene content Freeze Point C mm %Vol. C ASTM D 611 IP 57 ASTM D 1840 ASTM D 2386 % Vol GC 33.72 < 0.01 23.61 18.23 24.44 5.97 55.2 27.0 0.17 Below -70.0
Page 10

% Wt. ASTM D 2892 % Vol. % Wt. ASTM D 2892 % Vol. kg/L IP 365 Conversion Calculated % mass mg/kg ASTM D 4294 ASTM D 3227

6.39 7.19 17.60 21.66 0.7897 0.7901 47.59 0.180 225

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - 200 - 250C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

CUT RANGE TEST UNIT METHOD 5 200 - 250C Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Mercaptan Sulphur Aniline Point Smoke Point Freeze Point Cloud Point Kinematic Viscosity @ 40 C mm2/S Kinematic Viscosity @ 50 C Distillation Cetane Index Refractive Index @ 20 C ASTM D 86 ASTM D 976 ASTM D 1218 ASTM D 445 1.443 See page 17 43.3 1.4578 % mass mg/kg C mm C C % Wt. ASTM D 2892 % Vol. % Wt. ASTM D 2892 % Vol. kg/L IP 365 Conversion Calculated ASTM D 4294 ASTM D 3227 ASTM D 611 IP 57 ASTM D 2386 ASTM D 2500 29.89 0.8250 0.8254 39.93 0.356 103 58.4 21.0 - 52.5 Below -42 1.670 8.23 25.25 7.65

Page 11

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - 250 - 300C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.
CUT RANGE TEST UNIT METHOD 6 250 - 300C Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Mercaptan Sulphur Total Nitrogen Aniline Point Cloud Point Pour Point (upper) Kinematic Viscosity @ 40 C Kinematic Viscosity @ 50 C Kinematic Viscosity @ 80 C Distillation Cetane Index Refractive Index @ 20 C ASTM D 86 ASTM D 976 ASTM D 1218 mm2/S ASTM D 445 % mass mg/kg % mass C C C % Wt. ASTM D 2892 % Vol. % Wt. ASTM D 2892 % Vol. kg/L IP 365 Conversion Calculated ASTM D 4294 ASTM D 3227 ASTM D 5291 (Mod) ASTM D 611 ASTM D 2500 ASTM D 97 39.48 0.8578 0.8583 33.36 1.04 54 < 0.05 60.4 - 29 - 30 3.069 2.531 1.629 See page 17 45.8 1.4771
Page 12

9.27 9.59 34.52

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - 300 - 350C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

CUT RANGE TEST UNIT METHOD 7 300 - 350C Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Total Nitrogen Aniline Point Cloud Point Pour Point (upper) Kinematic Viscosity @ 40 C Kinematic Viscosity @ 50 C Kinematic Viscosity @ 80 C Distillation Cetane Index Refractive Index @ 20 C ASTM D 86 ASTM D 976 ASTM D 1218 mm2/S ASTM D 445 % mass % mass C C C % Wt. ASTM D 2892 % Vol. % Wt. ASTM D 2892 % Vol. kg/L IP 365 Conversion Calculated ASTM D 4294 ASTM D 5291 (Mod) ASTM D 611 ASTM D 2500 ASTM D 97 48.92 0.8803 0.8808 29.15 1.88 < 0.05 68.6 -4 -6 6.438 4.977 2.640 See page 17 46.8 1.4893 9.44 43.89 9.37

Page 13

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - 350 - 420C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

CUT RANGE TEST UNIT METHOD 8 350 - 420C Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Total Nitrogen Aniline Point Cloud Point Pour Point (upper) Kinematic Viscosity @ 40 C Kinematic Viscosity @ 50 C Kinematic Viscosity @ 80 C Distillation Cetane Index ASTM D 86 ASTM D 976 mm2/S ASTM D 445 % mass % mass C C C % Wt. ASTM D 5236 % Vol. % Wt. % Vol. kg/L 11.77 55.92 60.69 0.9052 0.9057 24.73 2.41 0.08 73.0 + 18 + 15 16.23 11.46 5.068 * * 12.03

ASTM D 2892 / ASTM D 5236

IP 365 Conversion Calculated ASTM D 4294 ASTM D 5291 (Mod) ASTM D 611 ASTM D 2500 ASTM D 97

Note:

* Unable to perform test due to the heavy nature of the fraction.

Page 14

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - 420 - 560C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

CUT RANGE TEST UNIT METHOD 9 420 - 560C Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Total Nitrogen Aniline Point Cloud Point Pour Point (upper) Kinematic Viscosity @ 50 C Kinematic Viscosity @ 80 C Kinematic Viscosity @ 100 C Micro Carbon Residue % mass ASTM D 4530 mm2/S ASTM D 445 % mass % mass C C C % Wt. ASTM D 5236 % Vol. % Wt. % Vol. kg/L 19.81 77.02 80.50 0.9449 0.9455 18.16 2.86 0.15 84.6 ## + 42 74.55 21.06 11.53 0.60 21.10

ASTM D 2892 / ASTM D 5236

IP 365 Conversion Calculated ASTM D 4294 ASTM D 5291 (Mod) ASTM D 611 ASTM D 2500 ASTM D 97

Note:

## Unable to test due to the dark colour of the fraction. Page 15

LABORATORY REPORT NO. - FUJ/FCA1025/06 CUT RANGE - 560 + C

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

CUT RANGE TEST UNIT METHOD 10 560 C + Distillation of Crude Oil Yield Yield Cum. Yield Cum. Yield Density @ 15C Specific Gravity @ 60/60 F API Gravity @ 60 F Sulphur Content Total Nitrogen Vanadium (V) Nickel (Ni) Iron (Fe) Nickel / Vanadium Ratio Pour Point (upper) Kinematic Viscosity @ 100 C mm /S Kinematic Viscosity @ 150 C Micro Carbon Residue Asphaltene % mass % mass ASTM D 4530 IP 143
2

% Wt. ASTM D 5236 % Vol. % Wt. % Vol. kg/L

22.98 19.50 100.00 100.00 1.0250 1.0257 6.45 5.00 0.37 112

ASTM D 2892 / ASTM D 5236

IP 190 Conversion Calculated

% mass % mass

ASTM D 4294 ASTM D 5291 (Mod)

mg/kg

IP 470 ( AAS )

38 15

Calculated C ASTM D 97

0.34 + 51 3013

ASTM D 445 193.9 23.3 9.02

Page 16

LABORATORY REPORT NO. - FUJ/FCA1025/06 ASTM 86 - DISTILLATION DATA PER FRACTIONS

Sample Descriptions / Label : Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006.

Boiling range Yield on whole crude Initial boiling point 10% recovered 20% recovered 30% recovered 40% recovered 50% recovered 60% recovered 70% recovered 80% recovered 90% recovered Final Boiling Point Volume recovered Residue Loss

C Wt. % Vol.% C C C C C C C C C C C % Vol. % Vol. % Vol.

200 - 250 7.65 8.23 213.0 216.0 217.5 219.0 220.0 222.0 224.0 226.5 230.0 235.0 243.0 97.0 1.3 1.7

250 - 300 9.27 9.59 264.0 266.5 267.5 269.0 270.0 272.0 274.0 275.5 278.5 284.0 290.5 97.5 1.3 1.2

300 - 350 9.37 9.44 310.0 314.0 315.5 317.0 319.0 321.0 324.0 326.0 329.5 337.5 345.1 98.5 1.0 0.5

350 - 420 12.03 11.77 ** ** ** ** ** ** ** ** ** ** ** ** ** **

Note: ** Unable to perform ASTM Distillation due to the heavy nature of the fraction.

Page 17

LABORATORY REPORT NO. FCA/1025/06 Sample ID - Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006

Fraction's Mid B.P. Vs Density

1.0500

1.0000

0.9500

0.9000

Density - (kg/L)

0.8500

0.8000

0.7500

0.7000

0.6500

0.6000

0.5500
Density @ 15 C

C5 - 65C 0.7316

65 - 150C 0.7897

150 - 200C 0.8250

200 - 250C 0.8578

250 - 300C 0.8803

300 - 350C 0.9052

350 - 420C 0.9449

420 - 560C 1.0250

Fraction

Page 18

LABORATORY REPORT NO. FCA/1025/06 Sample ID - Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006

Fraction's Mid B.P. Vs Sulphur Content

5.000

4.000

Sulphur % mass

3.000

2.000

1.000

0.000
Sulphur

C5 - 65C 0.043

65 - 150C 0.066

150 - 200C 0.180

200 - 250C 0.356

250 - 300C 1.04

300 - 350C 1.88

350 - 420C 2.41

420 - 560C 2.86

560+C 5.00

Fraction

Page 19

LABORATORY REPORT NO. FCA/1025/06 Sample ID - Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006

Fraction's Mid B.P. Vs Nitrogen Content

0.500

0.450

0.400

0.350 Nitrogen Content - % mass

0.300

0.250

0.200

0.150

0.100

0.050

0.000
Nitrogen

350 - 420C 0.080

420 - 560C 0.150

560+C 0.370

Fraction

Page 20

LABORATORY REPORT NO. FCA/1025/06 Sample ID - Al Shaheen Crude Oil Ex Qatar sampled on 10th April 2006

Fraction's Mid B.P. Vs Aniline Point

90.6

80.6

70.6

60.6 Aniline Point - C

50.6

40.6

30.6

20.6

10.6

0.6
Aniline Point

150 - 200C 55.2

200 - 250C 58.4

250 - 300C 60.4

300 - 350C 68.6

350 - 420C 73.0

420 - 560C 84.6

Fraction

Page 21