Idemitsu Concludes 20,000 b/d Contract with Kuwait
Japan's Idemitsu has concluded a 20,000 b/d crude supply contract withKuwait's KPC covering the October-December 1988 period, MEES learns. The priceis in line with Kuwait's current formula: Oman/Dubai spot average minus 80cents/B f.o.b. Kuwait or Oman/Dubai minus 55 cents/B for deliveries at KhorFakkan.
Kuwait's other current Japanese term customers are Mitsui (20,000 b/d) andMitsubishi Corp. (10,000 b/d) -...