Kuwait Lines Up More Oil Supply Deals
The Kuwait Petroleum Corporation (KPC) has lined up additional oil supplydeals with a number of customers, MEES understands. These include the following:
- A term contract with Shell for 50,000-60,000 b/d, on a one-year evergreenbasis starting on 1 April 1992. Pricing is on a cif Brent-related basis.
- A deal with Chevron for a 1.5mn barrel cargo destined for the US. Pricingis on an fob basis related to Arabian Medium. This...