KUWAIT

Brazil's Petrobras Signs Term Contract for 30,000 b/d of Kuwait Crude

Brazil's Petrobras has signed a term contract with the Kuwait Petroleum Corporation (KPC) for the supply of 30,000 b/d of Kuwait crude at official prices. Credit terms accorded by KPC are the normal OPEC-endorsed 30 days. However, MEES understands that Petrobras has obtained an additional 60 days financing from a Kuwaiti bank; but this has nothing to do with KPC and is in any case subject to normal...