VOL. XXXVII

NO. 51

19-SEPTEMBER-1994

KUWAIT

Kuwait Extends 3Q Price Terms Through 4Q

As expected, KPC has maintained its Arab Medium parity link for fourthquarter sales of its Kuwait Export Crude (KEC) for US and other WesternHemisphere buyers. KPC has set the price for KEC deliveries to that region atArab Medium flat since the second quarter (versus minus 10 cents/B in the firsthalf of the year). Nonetheless, the fourth quarter extension is likely to comeas a disappointment to US buyers, a...