VOL. XXXV

NO. 45

10-AUGUST-1992

Kuwait

Exxon Concludes 60,000 b/d Term Contract with Kuwait

Kuwait's KPC has signed a term contract with Exxon for the supply of 60,000b/d of crude supply starting in August. This is the second term contractconcluded by KPC with a US major in recent weeks. An earlier deal, also for60,000 b/d, with Chevron was signed last month (MEES, 27 July). Both contractsare for one-year with FOB price formulas linked to ANS for deliveries to the US.Current formula prices for...