VOL. XLIII

No. 02

10 January 2000

KUWAIT

Kuwait Reduces February Far East Formula

Kuwaits KPC has reduced the price formula for Kuwait export crude (KEC) to Asian customers for February by 25 cents/B to Oman/Dubai minus 5 cents/B. The first quarter 2000 price formulas for Europe and the US have yet to be set. The following table shows the price formulas for KEC to the Far East during the second half of 1999 through February 2000 ($/B):

1999

2000

Kuwait Export Crude

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Far East...