VOL. XLI

No. 37

14-September-1998

KUWAIT

Kuwait Raises October Price Formula

Kuwait's KPC has raised the price formula for Kuwait export crude (KEC) to Asiancustomers for October by 15 cents/B to Oman/Dubai minus 45 cents/B. The following tableshows the crude price formulas for KEC for the April-October period 1998 ($/B):

1998

Apr

May

Jun

Jul

Aug

Sep

Oct

KEC

-1.45

-1.30

-1.15

-1.15

-1.10

-0.60

-0.45