VOL. XLI

No. 28

13-July-1998

KUWAIT

Kuwait Raises August Price Formula

Kuwait's KPC has raised the price formula for Kuwait export crude (KEC) for August by 5cents/B to Oman/Dubai minus $1.10/B. KPC introduced this pricing formula for its Asiancustomers beginning with April shipments (MEES, 16 March). The following tableshows the crude price formulas for KEC for the April-August period 1998 ($/B):

1998

Apr

May

Jun

Jul

Aug

KEC

-1.45

-1.30

-1.15

-1.15

-1.10