VOL. XLI

No. 42

19-October-1998

KUWAIT

Kuwait Raises November Price Formula

Kuwaits KPC has raised the price formula for Kuwait export crude(KEC) to Asian customers for November by 5 cents/B to Oman/Dubai minus 40 cents/B. Thefollowing table shows the crude price formulas for KEC for the April-November period 1998($/B):

1998

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

KEC

-1.45

-1.30

-1.15

-1.15

-1.10

-0.60

-0.45

-0.40

Copyright 1998 Middle East EconomicSurvey