VOL. XLII

No. 20

17-May-1999

KUWAIT

Kuwait Raises June Far East Price Formula

Kuwait痴 KPC has increased the price formula for Kuwaitexport crude (KEC) to Asian customers for June by 10 cents/B to Oman/Dubaiminus 60 cents/B. The following table shows the crude price formulas for KEC tothe Far East for the first six months of 1999 and the KEC quarterly prices forEurope and the US for 1Q and 2Q 1999 ($/B):

...

1999

Jan

Feb

Mar

Apr

May

Jun

KEC Far East

Oman/Dubai

-0.70

-0.80