VOL. XXXII

NO. 9

5 DECEMBER 1988

EGYPT

Oil Prices Raised by $1.75/B from 1 December

Egypt has raised the prices of its various grades of crude oil by $1.75 abarrel with effect from 1 December. The announcement, which did not specifythe effective duration of the prices (usually half a month), said that thedecision to raise the oil prices followed an improvement in the world oil marketafter the new production accord signed by all 13 OPEC countries in Vienna on 28November. This is the second increase...