Middle East Economic Survey


No 2


Saudi Aramco Raises LPG Prices For January

Saudi Aramco and Kuwait Petroleum Corporation (KPC) have increased contract prices for propane and butane for January 2010 to $740/ton and $735/ton respectively. Propane was increased by $20/ton and butane by $5/ton from the previous month. The January propane contract price was in line with market expectations, given the rapid rise in crude oil prices at the end of December, Walt Hart, Senior...