VOL. XXXIII

NO. 19

12-FEBRUARY-1990

Kuwait

KPC Naphtha Supply Contracts

According to Tokyo reports Kuwait's KPC has reached agreement with threeJapanese buyers - Mitsui, Mitsubishi Corp. and Kanematsu Gosho - on the terms ofnaphtha supply contracts for the coming year. The contracts, effective fromFebruary 1990 through January 1991, reportedly provide for a price formula based35% on Kuwait postings and 65% on high of Platt's Arabian Gulf quotations, plusa premium of $3.90/ton. Volumes are: 1mn...