VOL. XXXII

NO. 19

13-FEBRUARY-1989

LIBYA

Price Formula for Sarir

MEES understands that the price formula for Sarir crude which has beenadopted by the Brega International Marketing Company is based 50% on aBrent-related price and 50% on a products netback derived as follows: premiumgasoline, 13.6%; jet, 7.5%; gas oil, 25%; 1% sulfur fuel oil, 46.5%; andnaphtha, 3.4%. A processing fee of $4/ton (including freight), equivalent to$0.55/B, is subtracted from the price resulting from the application of...