VOL. XXXII

NO. 46

21 AUGUST 1989

EGYPT

Egypt Raises Prices by 50 Cents/B for Second Half of August

Egypt has raised the prices of its various grades of crude oil by 50 cents abarrel for the period 16-31 August. This increase comes after a hefty $1.25/Bprice cut in the first half of August. The movements in Egyptian oil pricessince July are shown in the table below (credit terms 60 days):

 16 Aug 1 Aug 16 July 1 July ($/B) ($/B) ($/B) ($/B)Suez Blend (33) 15.00 14.50 15.75 16.00Ras al-Bihar (33)...