VOL. XLII

No. 02

11-January-1999

KUWAIT

Kuwait Reduces February Price Formulas

Kuwaits KPC has reduced the price formula for Kuwait export crude(KEC) to Asian customers for February to Oman/Dubai minus 80 cents/B. The selling pricesfor European and US customers, which are set on a quarterly basis, have been fixedrespectively at Arab Medium plus 20 cents/B and parity with Arab Medium. The followingtable shows the crude price formulas for KEC for the end of 1998 and beginning 1999 ($/B):

...

1998