Main Update Highlights from entire month of June, 2013

India’s refining capacity expands to satisfy surging demand.

Base Oil CFR India prices for SN 500 Iran origin dipped down by 1% in June 2013 as compared to
last month price.

CFR India prices of TOBS dipped down by 3% in June 2013 as compared to previous month price.

India Imports of Base Oil from Korea comprises 42% of its total import during May 2013.

India’s Essar wins string of contracts in Abu Dhabi ‐ New entrant to the Middle East projects
market, Essar, awarded pipeline, refining and chemicals work.