VOL. XXXII

NO. 11

19-DECEMBER-1988

OIL PRICE DEVELOPMENTS

North Yemen Sets Volumes and Prices for l989 Crude Sales Contracts

MEES learns that North Yemen has agreed on volumes and prices with five USand European customers for 1989 contracts for its Marib Light (40.4 API)crude. The General Department of Crude Oil Marketing has agreed to supply the USfirms Pecten and Amerada Hess with 20,000 b/d each FOB Ras 'Isa at a price ofWTI minus $1.49/B, and three European firms with a total of 40,000 b/d -...