NO. 12/13

25-DEC-1989/1 JAN1990


Kuwait Price Formula and New Volumes Unchanged for 1Q Deliveries to Japan

The KuwaitPetroleum Corporation (KPC) has reached agreement with its Japanese termcustomers on keeping the price formula for first-quarter 1990 crude liftingsf.o.b. Kuwait unchanged from the fourth quarter of 1989 at Oman/Dubai spotaverage minus 50 cents/B. MEES understands that the volume of contract liftingsof Kuwait crude by Japanese customers for 1Q 1990 will also remain...