VOL. XXXIX

No. 55

14-October-1996

QATAR

Idemitsu Purchases First Shipment Of Al-Rayyan Crude

Japan's Idemitsu has purchased the first shipment of Qatar's al-Rayyan crude, the new stream brought into production this month by Arco at an average rate of 30,000 b/d. The 300,000-barrel shipment will be lifted between 15 and 20 November. The state-owned Qatar General Petroleum Corporation (QGPC) and Arco are jointly marketing al-Rayyan (24ｰAPI, 3.45% sulfur), pricing it on the basis of a Far East...