VOL. XXXV

NO. 46

17 AUGUST 1992

Qatar

Qatar Price Cuts for July Leave Buyers Still Unsatisfied

Under considerable pressure from term customers, Qatar's QGPC has reduced itsretroactive price formulas for July by a further 10 cents/B - to Oman (MPM) plus65 cents/B for Dukhan and Oman (MPM) plus 55 cents/B for Marine - but, according to MEES soundings, buyers are still seriouslydissatisfied with theQatar prices, particularly in respect of Marine crude.

Buyers feel that while Oman (MPM) plus 60 cents...