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...