KUWAIT: Kuwait’s crude oil exporting contracts have recently increased 28 percent with Japan, and 65 percent with Taiwan, Kuwait Petroleum Corporation (KPC) announced Thursday.
KPC’s marketing team has succeeded in increasing the contract volume of Kuwaiti crude oil with JX Nippon Oil and Gas Exploration Corporation, considered as Japan’s number one company in refining potency and operations volume, and Chinese Petroleum Corporation (CPC), which is a major state-run company in Taiwan, the Kuwaiti corporation said in a press statement.
This achievement is so significant in light of current circumstances and challenges faced by the world oil market, the statement said, pointing out KPC’s solid ties with its clients in Tokyo that led to the surge in Kuwaiti oil exports in the past five years.
