VOL. XXXIII
NO. 41
16-JULY-1990
Syria
Syria Lowers 3Q Price Formula for Suwaidiyah Crude
MEES understands that Syria has lowered the third quarter price formula forheavy Suwaidiyah crude (24 API) to Dated Brent minus $5.00-5.50/B, and thatterm customers have finally indicated their acceptance despite their insistenceon a lower price (MEES, 2 July). Originally the 1990 price formula was based ona Mediterranean netback with a ceiling of Dated Brent minus $3.50/B and a floorof minus $4.25/B. However,...
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