VOL. XXX

NO. 17

2-FEBRUARY-1987

KUWAIT

Japanese Firms Sign Up for Three-Month Contracts

A number of Japanese trading houses have signed or renewed term contractswith Kuwait. These are understood to be for three months on an official pricebasis ($16.67/B for Kuwait export crude), with quarterly reviews thereafter.Contracts covering the period February-April are reported to have been signedwith Kanematsu-Gosho (20,000 b/d, new), Mitsui (30,000) b/d, renewal), andMitsubishi (20,000 b/d, renewal)....