Crude Oil Price Formula for First Quarter 1990
North Yemen's General Department of Crude Oil Marketing and its termcustomers for 1989 have agreed on the first quarter 1990 price for Marib Light(40.4 API, 0.8% sulfur) at Dated Brent plus 10 cents/B FOB Ras 'Isa, comparedto Dated Brent minus 5 cents/B FOB during the fourth quarter of 1989. Thecustomers and volumes agreed upon for 1990 include: Pecten (US Shell), 23,000b/d; Mobil, 22,000 b/d; Agip,...
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