No. 28



Kuwait Reduces August Far East Price Formula

Kuwait痴 KPC has reduced the price formula for Kuwait exportcrude (KEC) to Asian customers for August by 15 cents/B to Oman/Dubai minus 85cents/B, while the third quarter formula prices for KEC to Europe have remainedunchanged from the second quarter. The following table shows the crude priceformulas for KEC to the Far East for the first eight months of 1999 and the KECquarterly prices for Europe and the US for 1Q,...