NO. 27



KPC Concludes Crude and Products Deal with India

The Indian Oil Corporation (IOC) last week signed a contract with theKuwait Petroleum Corporation (KPC) for the purchase of 1.5mn tons of crude oiland 1.5mn tons of gas oil and kerosene during the Indian fiscal year which endson 31 March 1991. According to Indian Embassy officials in Kuwait, IOC isplanning to conclude, at a later date, another contract with KPC for thepurchase of an additional 500,000 tons of...