KPC signs jet fuel deal with Petrobas

Kuwait, June 5, 2011

State-owned Kuwait Petroleum Corp (KPC) has signed a one year deal with Brazil's oil company Petrobras to provide it with 720,000 tonnes of jet fuel starting mid 2011, Kuwait's news agency reported on Sunday.

'(KPC) ... will hence achieve goals of the 2030 strategy that aim to open new markets and reach out to the final consumer,' KPC Marketing's managing director Abdullatif al-Houti was quoted as saying by Kuna.

Houti said the new contract will run until end of 2012, but did not specify how much the deal was worth.-Reuters

Tags: Oil | Crude | commerce | Trade | Jet fuel | Kuwait Petroleum Corp | Brazil | Petrobras |