Tuesday, April 17, 2012

Kuwait, Ethiopia Sign Two Oil and Fuel Contracts

(April 16, 2012, MENAFN, Qatar News Agency)--Kuwait Petroleum Corporation (KPC) have signed two contracts to export consignments of diesel oil and aircraft fuel to Ethiopia.

KPC's International Marketing Sector said in a statement on Monday that the three-year contracts will provide most of Ethiopia's need of aircraft fuel and nearly third of the country's requirement of diesel oil. Increasing the supplies of oil and fuel are subject to change in the future, the statement pointed out, Kuwait News Agency (KUNA) reported.

The deals serve KPC's marketing policies of opening up new markets in the African continent; especially since the Ethiopian market is one of the appropriate and promising markets for diesel and fuel producers.
Source: Middle East North Africa Financial Network

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