VOL. XXXIX

No. 40

1-July-1996

KUWAIT

Japanese Buyers Agree To $7.90/Ton Premium For Kuwait Naphtha Purchases

Kuwait's KPC and its Japanese customers have reached an agreement to set the term price for Kuwait naphtha sales at a premium of $7.90/ton over the mean of Middle East quotes for a one-year period starting in August. The current premium is $6.00/ton for those lifters whose contract terms started last August, and $6.50/ton for other buyers whose terms extend from February 1996 to...