VOL. XXXII

NO. 12/13

26-DEC-1988/2 JAN1989

OIL PRICE DEVELOPMENTS

Kuwait Finalizes lQ 1989 Contracts with Japanese Buyers

Kuwait's KPC has finalized renewed crude oil sales contracts with itsJapanese customers for the first quarter of 1989. The volumes are unchanged fromthe fourth quarter of 1989 for a total of 80,000 b/d - with 20,000 b/d eachgoing to Mitsui (for Cosmo), Idemitsu, Sumitomo (for Seibu) and Mitsubishi Corp.(10,000 b/d for Kashima and 10,000 b/d for Mitsubishi Oil).

Kuwait's price...