VOL. XXXII
NO. 12/13
26-DEC-1988/2 JAN1989
OIL PRICE DEVELOPMENTS
North Yemen Term Contracts Finalized
MEES learns that North Yemen has finalized the sale of its 80,000 b/d MaribLight (40.4 API) crude oil for 1989 with five American and European firms. TheGeneral Department of Crude Oil Marketing has agreed to supply the US firms Pecten and Amerada Hess with 20,000 b/d each FOB Ras 'Isa at a price of WTI minus$1.49/B, and three European firms with a total of 40,000 b/d - Agip 20,000 b/d,Shell...
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