VOL. XXXV
NO. 37
15-JUNE-1992
Yemen
Yemen Rolls Over Price Formula for 3Q
Yemen's oil marketing authorities have maintained the third-quarter priceformula for Marib Light crude unchanged from the second and first quarters, atDated Brent plus 35 cents/B. The Yemeni prices for all destinations are FOB Ras'Isa and determined at around five days from B/L, with payments 30 days fromB/L.
MEES understands that term customers are not happy with the price formula,but it is not yet clear whether they will...
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