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New prices for Kuwaiti gas
Kuwait, Economics, 12/3/2001
The Kuwaiti Oil establishment on Saturday announced new prices for liquid oil gas ( propane and biotin ) for the current month December.
A statement released by the establishment on Saturday said that the price of propane gas will be USD 210 for one metric ton during this month.
The statement added that Biotin gas will be sold at USD 205 for one metric tons in a decrease of USD 27 in comparison to the prices of November.
Liquid oil gas witnessed a notable decrease during the few past months, attributed to the decrease in the world demands to this produce and the low turnout for buying it, taking into account the huge recession in the world oil prices.
Worthy mentioning liquid oil gas, propane and biotin are used in several important industries especially in cooking and producing petrochemical items.
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