VOL. XXXIII

NO. 25

26 MARCH 1990

Egypt

Egypt Reduces Oil Prices by 60-90 Cents/B for Second Half of March

Egypt has decided to reduce the prices of its various grades of crude oil by90 cents a barrel for the second half of March, except for Ras al-Bihar crudewhose price has been cut by 60 cents a barrel. These price cuts represent thefourth consecutive half-monthly reduction in prices since the end of January, asis shown in the table below (credit terms 60 days):

 16 Mar 1 Mar 15 Feb 1 Feb 16 Jan...