Korea · Middle East · Africa
Iraqi bitumen, LNG supply, solar and battery storage, and the Korea oil hub. We connect regional networks with Korean technology, EPC and financial expertise.
From energy trade to finance.
Background: AI concept image. Not an actual project site or a PentaBay-owned facility.
From a real shipment
Prices moved day by day, while contracts and payments took longer. The first cargo to move was a verified portion of the volume, not the entire plan.
Historical records do not establish current inventory, supply rights or contracts.
Our business
We receive purchase enquiries, project reviews and supply or operating partnership proposals. Each business has its own scope and enquiry form.
01Accepting quotation requests Iraqi bitumen Drum-packed bitumen through a Dubai-based seller network. Share your grade, volume and destination. Historical trading photograph 
02Accepting buyer enquiries LNG supply Buyers sign the LNG SPA directly with PentaBay, for single cargoes or term supply. Supply is confirmed per request before any SPA. AI concept image · not an actual project site 
03Accepting project enquiries Solar & battery storage Solar and storage cooperation with CWPC, matched to each site’s power demand and conditions. AI concept image · not an actual project site 04Development stage · not yet operating Korea oil hub A development-stage plan to store Iraqi crude and products in Korea for energy security, linked to Asian demand and storage-backed finance. No storage capacity is offered yet. AI concept image · not an actual project site How we work
Every enquiry starts with the buyer’s or project owner’s own requirements. We confirm supply, documents and responsibilities step by step before anything is committed in writing.
Grade or specification, quantity, destination, timing and delivery basis. Estimates are fine. The form shows a reference number, and we reply by email within five business days (Korea time).
We check availability with the relevant suppliers or partners, with origin evidence, inspection, payment and delivery terms. Our first reply tells you what is being checked and when to expect an answer.
Prices, quantities, contracting parties and validity are stated in a written quotation; terms are fixed only in a separate written agreement.
Financing, where needed, remains subject to each institution’s independent assessment and approval.
Insights
Recently updated guides on procurement, LNG, project contracts and finance. Every guide lists its sources and the date it was last checked. All 25 guides
How FOB, CFR, CIF, FCA and DAP work for bulk and drummed oil products and bitumen under Incoterms 2020: risk, costs, insurance, inspection and contract wording.
Updated 29 October 2026
Step-by-step bitumen landed cost for drummed cargo, based on a June 2012 shipment and compared with second-half 2026 price indications, with sensitivity.
Updated 29 October 2026
Penetration, viscosity and PG bitumen grades compared: ASTM D946, EN 12591, IS 73 and AASHTO M320 limits, COA checks and the mistakes buyers make.
Updated 24 October 2026
How to test a broker or mandate offer for crude, EN 590, jet fuel, bitumen or LNG: real supply chains vs daisy chains, red-flag table and pre-signing checklist.
Updated 24 October 2026
EN 590:2025 diesel explained line by line: limits, test methods, CFPP grades, comparison with ASTM D975, Korean and GOST standards, CoQ reading and red flags.
Updated 24 October 2026
How SBLC and demand guarantee calls work under URDG 758, ISP98 and UCP 600: rule comparison, step-by-step demand procedure, refusals and fraud red flags.
Updated 24 October 2026
FAQ
Short answers drawn from our business pages. Each page has the full details and its own enquiry form.
There is no fixed minimum. We review whether the requested quantity can be shipped and what it costs. Around 20 net MT per 20ft container is a planning reference from past trades, not a guaranteed quantity.
Read moreYou sign the LNG SPA with PentaBay. Share your quantity and unit, receiving terminal, delivery basis and timing; we confirm supply and terms for that request, and nothing is binding until the SPA is signed.
Read moreNo. Field photographs come from past trading work and do not show current inventory, a PentaBay-owned facility or current supply rights. AI concept images are labelled as such.
Read moreUse the enquiry form on each business page or email us. You get a first reply within five business days (Korea time); quotations follow once supply is confirmed.
