VOL. XXXIII

NO. 43

30 JULY 1990

Saudi Arabia

Samarec Lowers July LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of a reduction in the July price of propane and butane to$90.46/ton and $89.22/ton respectively from the June price of $99.07/ton forpropane and $97.71/ton for butane. The new prices are linked to the BTU value ofArabian Light crude prices for Far East destinations in the preceding month ofJune, in line with the LPG price formula...