VOL. XLV

No 40

7-October-2002

SAUDI ARABIA

SaudiAramco And KPC Raise LPGPrices As Asian Demand Strengthens

Saudi Aramcoand Kuwait Petroleum Corporation (KPC) announced to customers on 29 Septembertheir LPG contract prices for October, raising the price for propane by $35/tonto $295/ton and butane by $40/ton to $295/ton. The price increases reflect acontinued strengthening of the spot market prices for LPG, in particularbecause of an increase in buying in the Asia marketsince August.

The October...