Middle East Economic Survey


No 51/52



KPC Signs 10-Year Crude Supply Agreement With Koreas SK Corp

Kuwait Petroleum Corporation (KPC) on 14 December announced that it had signed a 10-year crude supply deal with South Koreas refining company SK Corp. The contract becomes active in January 2005. A statement released by KPC said the deal would expand Kuwaits share of crude supply to the Far East, but it did not mention how much crude the company intended to...