NO. 7

18 NOVEMBER 1991

Saudi Arabia

Samarec Sets New LPG Price Formula Starting January 1992

Saudi Arabia's Samarec - which is planning to conclude new five-year salescontracts with LPG customers starting next January (MEES, 23 September) - hasinformed buyers of its new monthly LPG price formula effective 1 January 1992.The new formula retains the existing basic yardstick - under which Saudi LPG ispriced at 90% of the BTU value of Arabian Light crude oil - but introduces anadjustment for...