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KPC to sign contracts worth USD 5 bln with international firms

(Reuters) KUWAIT, Feb 15 (KUNA) -- Kuwait Petroleum Corporation (KPC) is set to sign agreements and contracts with international firms worth a total USD 5 billion over the next two days. Earlier on Wednesday, the state-run oil company signed a contract to provide 20,000 barrels of crude and 300,000 tonnes of liquefied gas to a Thai firm on a daily basis, Managing Director of Global Marketing, Naser Al-Mudhaf said in statements to the press.

KPC also signed a contract to provide a daily 200,000 tonnes of liquefied gas, subject to increase, to Indian-owned Bharat Petroleum and another worth over USD 2.5 billion with Indonesia's Petromina.

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