VOL. XXXII

NO. 2

17-OCTOBER-1988

NORTH YEMEN

North Yemen Sells Spot Cargo to Norwegian Firm

Norway's Arctic Gas and Oil Company has won a tender to purchase during thesecond half of October a 1.8mn barrel spot cargo of Marib Light (40.4 API) atDated Brent minus 7.5 cents f.o.b with a five-day average - two days beforethrough two days after the loading date MEES learns. The Yemeni oil authoritieshad just recently settled the price for the second half of the year at averageDated Brent and Dubai plus...