SINGAPORE SEEKS OIL TRADE OUTSIDE ASIA-PACIFIC AREA
Singapore oil companies are courting key oil exporting nations outside the Asia-Pacific region to forge new business ties. A willing trading partner is Kuwait Petroleum Co. (KPC). In the wake of damage to Kuwait's petroleum industry during the Persian Gulf war, KPC has taken aggressive steps to renew ties with Singapore refiners. It also is seeking similar opportunities elsewhere in the Asia-Pacific region.