VOL. XLI

No. 50

14-December-1998

KUWAIT

Kuwait Reduces January Price Formula

Kuwaits KPC has reduced the price formula for Kuwait export crude(KEC) to Asian customers for January by 15 cents/B to Oman/Dubai minus 70 cents/B. Thefollowing table shows the crude price formulas for KEC for the second half of 1998 andJanuary 1998 ($/B):

1998

1999

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

KEC

-1.15

-1.15

-1.10

-0.60

-0.45

-0.40

-0.55

-0.70

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