NO. 32



Yemen Term Contract Volume Drops in Second Quarter

Yemeni oil authorities have been obliged to sell more of their crude oil onthe spot market during the second quarter because of a drop in liftings by theirterm customers. Only Mobil has agreed to lift its entitlement of 22,000 b/d ofMarib (40.4 API) crude, while Agip (20,000 b/d) and OMV (5,000 b/d) havedeclined to do so for price reasons (Sun Oil did not sign a contract for 10,000b/d in 1991 as was reported in...