VOL. XLIV

No 32

6 August 2001

SAUDI ARABIA

Saudi Aramco And KPC Reduce LPG Prices For August

Saudi Aramco and Kuwait PetroleumCorporation (KPC) on 31 July announced to customers their LPG contract pricesfor August, reducing the price of propane by $30/ton to $240/ton and the priceof butane by $15/ton to $215/ton. The price reduction in part reflectsrelatively low demand during the summer period, but also a recent slump in theworldwide petrochemicals sector, which is always quick to suffer during...