NO. 37

19 JUNE 1989


No Change in Qatar's May Price Formula

Qatar's QGPC and its term contract customers have agreed to keep the priceformula for May liftings unchanged from April and March at Oman's assessmentprice (so-called PDO or MPM) plus 5 cents for Qatar Marine and plus 10 centsfor Qatar Dukhan.

On this basis actual prices for Qatar crude for the period January- May 1989work out as follows ($/B):

 May Apr Mar Feb Jan Official PriceDukhan (40) 16.30 17.79 16.87 15.20 14.92...