VOL. XXXV

NO. 5

4-NOVEMBER-1991

Kuwait

Kuwait Starts Concluding 1992 Crude Supply Contracts

The Kuwait Petroleum Company (KPC) has begun concluding crude oil supplycontracts for the year 1992, MEES understands. The first 1992 deal to befinalized is with the Japanese firm Seibu Oil for 20,000 b/d (Seibu is lifting asimilar volume in 4Q 1991 on a semi-term basis), and a further agreement withJapanese refiner Cosmo - probably for an average volume of 40,000 b/d in 1992,with 50,000 b/d in the first...