VOL. XXXII
NO. 24
20-MARCH-1989
NORTH YEMEN
Crude Oil Price Formulas for Second Quarter
MEES learns that North Yemen's General Department of Crude Oil Marketing hasagreed with its term contract customers on the Marib Light (40.4ø) secondquarter price formulas, with deliveries to the US to be priced at WTI minus$1.12/B FOB Ras 'Isa (compared with minus $1.49/8 in the first quarter), anddeliveries to Europe at Dated Brent minus 15 cents/B FOB Ras 'Isa (compared withminus 35 cents/B in the first...
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