Kuwait Will Sign $2 Billion of Oil Contracts, Al-Rai Reports - Bloomberg

Kuwait plans to sign contracts worth a total of $2 billion to sell oil to Germany, Austria, South Africa and South America, Al-Rai newspaper reported, citing Nasser al-Mudhaf, who heads international marketing at Kuwait Petroleum Corp., the country’s national oil company.
The contracts, to be signed toward the end of this month, will involve selling as much as 50,000 barrels of oil a day in the first year, the newspaper said.

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