VOL. XXXIV

NO. 11

17-DECEMBER-1990

Oil Prices

Total and Shell Obtain ADNOC Price Plus $1/B Premium for Term Sales of AbuDhabi Equity Crudes to Third Parties

MEES understands that CFP-Total and Shell International Trading (SITCO) havefinalized negotiations on price formulas of the ADNOC monthly asssessment pricesplus a premium of $1/B on term sales of their Abu Dhabi equity crudes tothird-party Japanese customers for the first six months of 1991.