VOL. XXXIII
NO. 5
6-NOVEMBER-1989
Saudi Arabia
Saudis Unveil New LPG Price Formula
The Saudi Arabian Refining and Marketing Company (Samarec) has notified itscustomers for liquefied petroleum gas - propane and butane - of a new priceformula which incorporates different ceilings for summer and winterdeliveries, both related to the contract price of Arabian Light crude based onthe Oman/Dubai spot price average. Details of the new formula, as notified tocustomers, are as follows:
- During winter...
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