LIDOIL

LIDOIL operates in the commodity trading (trading) and ocean freight segments. The Company is based in Dubai (UAE). The Company operates in four segments: own fleet chartering, third party fleet chartering (brokerage), trading and bunkering. In terms of revenue, the brokerage segment dominates, with the share of chartering of own vessels in gross profit in the period from 2024 to 2027 amounting to about 50%. The Company's customer base is quite diversified. The main ports of loading are the ports of the Russian Federation (Primorsk, Ust-Luga, Novorossiysk, Taman, Nakhodka). Supply regions include China, India, Brazil, Turkey, and West African countries. In 2023-2024, the Company significantly reduced its trading activities, which are currently of a spot nature, and became a niche player in this segment, while significantly increasing the volume of freight operations and taking one of the leading positions in the brokerage segment. In addition, since July 2024, the Company has expanded the diversification of its operations by entering the bunkering business segment. Currently, LIDOIL has 11 vessels under commercial management, of which four offshore tankers are owned by the Company (one Aframax-class vessel and three Handysize-class vessels), and also attracts additional fleet with a total annual cargo turnover of 15-20 million tons.