NO. 15

15 JANUARY 1990

Saudi Arabia

Samarec Raises January LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of an increase in the January prices of propane and butane to$119.85/ton and $118.20/ton respectively from the December 1989 prices of$115/ton for propane and $114/ton for butane. The new prices are equivalent to85% of the BTU value of Arabian Light crude prices for Far East destinations inthe preceding month of December, in line...