VOL. XXXV

NO. 43

27-JULY-1992

Kuwait

KPC Finalizes Naphtha Term Contracts

Kuwait's KPC has finalized term contracts for the sale of 1.2mn tons/year ofnaphtha to Japanese and South Korean firms. The three-year contracts will startin August and the pricing formula will be on the following basis: 25% on Kuwaitiposted prices and 75% on Platt's Arabian Gulf high quotations plus a premium of$3.25/ton.

It is understood that 1mn t/y will go to Japanese customers with thefollowing breakdown: 150,000 t/y to...