VOL. XXXI
NO. 34
30-MAY-1988
KUWAIT
Kuwait and Japanese Buyers Agree on Price Formula
Kuwait has now reached agreement with one of its Japanese customers on aprice formula for the coming three months which should provide a basis for dealswith other Japanese buyers. MEES understands that KPC and Mitsui (acting for theJapanese refiner Cosmo) have agreed on a formula which sets the price for Kuwaitexport crude on the basis of Oman/Dubai spot price average minus 75 cents fordeliveries f.o.b. Kuwait or...
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