NO. 19



Syria Signs Term Contracts for Light Crude

Syria has finalized term contracts for its light crude blend (37ø API) oildeliveries in 1990 with prices to be set on a quarterly basis, MEES learns.Deliveries are scheduled to start in the second quarter, with Q2 prices set atDated Brent minus 40 cents/B. The target volume for the year is 100,000 b/d.However, because of the problems encountered in the development of the newfields as well as uncertainty as to the...