VOL. XXXIII

NO. 20

19 FEBRUARY 1990

Egypt

Egypt Reduces Oil Prices by 90 Cents/B for Second Half of February

Egypt has decided to reduce the prices of its various grades of crude oil by90 cents a barrel for the period 15-28 February. This is the second reduction inprices this month as is shown in the table below (credit terms 60 days):

 15 Feb 1 Feb 16 Jan ($/B) ($/B) ($/B) Suez Blend (33) 17.60 18.50 19.50 Ras al-Bihar (33) 17.60 18.50 19.50 Belayim (26) 16.75 17.65 18.65 Ras Budran (26) 15.60...