VOL. XXXII

NO. 22

6-MARCH-1989

SYRIA

Syrian Light Blend Tender Awarded to Carbonaphtha

MEES understands that the Italian oil trading firm Carbonaphtha was awardedlast week the first tender for the new Syrian Light Blend (38 API, low sulfur)at a price f.o.b. Banias of Dated Brent minus 34 cents. The other two contenderswere Cedar Energy (Dated Brent minus 37 cents) and Schwartz (Dated Brent minus50 cents). Two cargoes of around 70,000 tons each are scheduled to be liftedduring the second-half of...