VOL. XXXII

NO. 20

20-FEBRUARY-1989

LIBYA

Price Formula for Sarir

It should have been specified in the Sarir crude price formula reportedlast week (MEES, 13 February) that the Brent-based 50% of the formula comprisesDated Brent minus $1.00/B. m e other 50% of the formula remains as reported,namely a products netback derived as follows: premium gasoline, 14.6%; jet,7.5%; gas oil, 25%; l% sulfur fuel oil, 46.5% and naphtha, 3.4%. A processingfee of $4/ton (including freight), equivalent to $0.55/B,...