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KPC sets up gasoil term prices for 2015, down 44%

KPC sets up gasoil term prices for 2015, down 44%
Kuwait Petroleum Corp (KPC) has sealed its 2015 gasoil term deal with buyers at a premium of $1.25 a barrel to Middle East quotes on a free-on-board (FOB) basis, down 44% versus its 2014 deal, industry sources said on Tuesday.

KPC had also sealed its 2015 jet fuel deal at $1.80 a barrel premium to Middle East quotes.