Kuwait Signs $2b Oil Deal

Kuwait Signs $2b Oil DealKuwait Signs $2b Oil Deal

Kuwait signed a deal to export 100,000 barrels of oil per day with a major refiner, with a potential annual return of $2 billion, state news agency KUNA reported without giving details. "The contract is one of the important strategic agreements that reinforces Kuwait's position as a main oil supplier in the Asian markets," Nabil Bouresli, managing director of international marketing at Kuwait Petroleum Corp, was quoted as saying by Reuters.