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OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn by buying and selling the region's oil.Saudi Arabia and Oman already have trading units, and Abu Dhabi National Oil Co. said earlier this month it may seek partners as it expands into trading. Iraq's state oil-marketing company in May began selling crude in a venture with the trading unit of Lukoil PJSC.KPC is discussing its plans for a trading venture with oil producers BP Plc, Royal Dutch Shell Plc and Total SA, as well as with Vitol and Glencore, the Kuwaiti company official said on Monday.The international companies and traders all declined to comment.At stake for state-run traders in the Middle East is a share in the region's 7 million-barrel-a-day market for refined products.
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