No. 33



Kuwait Raises September Far East Price Formula

Kuwaitç—´ KPC has increased the price formula for Kuwaitexport crude (KEC) to Asian customers for September by 10 cents/B to Oman/Dubaiminus 75 cents/B, while the third quarter formula prices for KEC to Europeremain unchanged. The following table shows the crude price formulas for KEC tothe Far East for the first nine months of 1999 and the KEC quarterly prices forEurope and the US for 1Q, 2Q and 3Q 1999 ($/B):