VOL. XXXIV

NO. 19

11-FEBRUARY-1991

Yemen

Sun Oil Signs 20,000 b/d Term Contract with Yemen

The US firm Sun Oil has signed a 1991 term contract with Yemen for thelifting of 20,000 b/d of Marib Light (42.25 API, less than 0.08% sulfur), withthe first shipment to be loaded at end-February. The other term contracts for1991 include Mobil (22,000 b/d), Agip (20,000 b/d) and OMV (5,000 b/d). Thevolume is for the whole of the year with a quarterly price review. The firstquarter price formula is set at...