VOL. XXXIV

NO.15

14-JANUARY-1991

Oil Prices

Yemen Crude Oil Contracts for 1991 and 1Q Price Formula

MEES learns that Yemen has so far agreed with three term customers for theexport of around 47,000 b/d of Marib Light Crude (42.25 API, less than 0.08%sulfur) for 1991. The purchasers include two former customers, Mobil (22,000b/d) and Agip (20,000 b/d), and a new one, Austria's OMV (5,000 b/d). The oilauthorities are still holding talks on the remaining 13,000-15,000 b/d of crudeavailable for...