No 50



Kuwait Raises January Far East Price Formula

Kuwait痴 KPC has increased the price formula for Kuwaitexport crude (KEC) to Asian customers for January by 25 cents/B to Oman/Dubaiplus 20/B. The first quarter 2000 price fomulas for Europe and the US have yetto be set. The following table shows the crude price formulas for KEC to theFar East during the second half of 1999 and January 2000 and the KEC quarterlyprices for Europe and the US for all of 1999 ($/B):