VOL. XLV

No 5

4-February-2002

SAUDIARABIA/KUWAIT

SaudiAramco And KPC Reduce LPG Prices In Weak Market

SaudiAramco and Kuwait Petroleum Corporation (KPC) announced to customers on 30January their February contract prices for LPG, reducing the cost of propane by$7/ton to $220/ton and of butane by $20/ton to $185/ton. The price of butanewas cut to its lowest level for some time (see Table below), because of a floodof cargoes reaching the spot market at a time of high customer stocks.

TheFebruary...