VOL. XXXII

NO. 22

6-MARCH-1989

KUWAIT-IRAN-IRAQ

Kuwait and Iran Asking for 40-Cent Increase in 2Q Price Formula

MEES learns that, in its current negotiations with Japanese buyers onsecond-quarter prices for contract crude liftings, Kuwait's KPC is insistingon an increase of 40 cents in the price formula as compared with the firstquarter. The lQ price formula for Kuwait crude is Oman/Dubai spot average minus90 cents/B; for 2Q Kuwait is asking for Oman/Dubai minus 50 cents/B.

Although formal...