KPC to Double Crude Export to China

first_imgzoom Kuwait Petroleum Corporation (KPC) has signed a historic deal with China’s Unipec which will see almost doubling of KPC’s shipments of crude to China.This is a milestone deal for KPC, under which, as of 2014 KPC will provide Unipec crude oil with the volume expected to reach 300,000 barrels per day (bpd). The amount equals to one VLCC heading from Kuwait to China on daily basis.The ten-year contract, that replaces the previous 160,000-170,000 bpd supply agreement, will see involvement of Kuwait Oil Tanker’s fleet.“With new and mutual cooperation between the two parties, there is a good sign of increasing the volume of our crude oil exports to China up to 500,000 bpd in the next three years,” KPC’s Managing Director of International Marketing, Nasser Al Mudhaf, told Kuwait’s News Agency (KUNA).“The deal comes at a right time, because this is the first contract on C&F basis with the use of our own vessels to deliver crude oil. It will help smooth operation, production and exports from Kuwait.“China is our new outlet where we will use more than 50% of our fleet for deliveries of crude oil,” he went on to say.World Maritime News Staff, August 25, 2014last_img read more

HandballPlanetcom visitors opinion Croatia will become a World Champion

Croatia handball teamIvano Balic Almost two months ago we kindly asked you to participate in our Poll on the question : “Who will become a World Champion in Sweden 2011“. We gave you a list of eight national teams, most succesful and remarkable in the last few big events. A really huge number of votes from around the Planet – more than 1500, decided that national team of Croatia is the first favourite of visitors.Balić and Co won a hard battle with a current World team number 1, France. Croatia got 28% of your votes in front of France with 26%.“Bronze” team is Poland with 13% of all votes. Fourth is Denmark with 10%, fifth is Norway with 9%. Iceland is sixth on the list with 8%, Sweden has 5% and the last team in our Poll was Germany with only 4% of all votes.Thanks for your votes and enjoy handball time in Sweden and around the globe! ← Previous Story Wenta has chosen a Polish team for WC 2011 Next Story → WC 2011 in Sweden Predictions: Croatia goes for gold! read more