KUWAIT TO SUPPLY OIL, PRODUCTS TO INDIA

KUWAIT TO SUPPLY OIL, PRODUCTS TO INDIA

Kuwait Petroleum Co. signed a contract with India's state oil company to deliver 11 million barrels of crude oil and about 14 million barrels of refined products in the year that began April 1, sources in Kuwait said.

The kerosene and aviation turbine fuel are priced at a premium of 40 cents to 50 cents a barrel to Persian Gulf spot assessments. The diesel premium is about 30 cents to 40 cents, Persian Gulf sources say.