KUWAIT

Two Japanese Firms Renew Kuwait Term Contracts

Two Japanese trading houses - Mitsui and Kanematsu-Gosho - have renewed term contracts with Kuwait's KPC covering the three-month period May-July. The volume is 20,000 b/d in each case (in the February-April period Mitsui took 30,000 b/d and Kanematsu-Gosho 20,000 b/d). The contracts provide for pricing at official levels f.o.b. Ahmadi, but include options for delivery at the trans-shipment area at Khor Fakkan outside the Strait of...