NO. 44



Full Details of Kuwait's Naphtha Sales to Far East

The recently concludedterm contract sales by Kuwait's KPC to Japanese and South Korean customers areprojected to total 1.225mn tons in the first year, 1.3mn tons in the secondyear and 1.45mn tons in the third year. However, only the volumes for the firstyear are fixed; those for the second and third years are expressions of intentsubject to further negotiation. The three-year contracts will start on 1August...