VOL. XXXI

NO.41

18-JULY-1988

OPEC

India Finalizes Term Contracts

MEES understands that the state-owned Indian Oil Corporation (IOC) hasfinalized most of its crude oil term contracts with its traditional suppliers,including a 60,000 b/d one year contract with Saudi Arabia, a 70,000 b/dnine-month contract with Iraq, a 20,000 b/d one-year contract with Abu Dhabi,a 14,000 b/d one-year contract with Kuwait, and a contract for 80,000 b/d ofcrude oil and 2.5mn tons of petroleum products frown the USSR. A...