VOL. XXXIV
NO. 52
30-SEPTEMBER-1991
Oil Prices
Egypt Announces New Pricing Formula
On 23 September Egypt announced the new pricing formula for its Suez Blend(33 API), based on a basket comprising market assessments of Brent, IranianHeavy and Suez Blend itself (MEES, 23 September). The pricing formula, effective1 October, is as follows: 60% Brent minus $3.00/B, 20% Iranian Heavy minus$0.55/B, and 20% Suez Blend. Other Egyptian crudes will be linked to Suez Blendas follows: Zeit Bay and Ras al-Bihar...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!