VOL. XXXI

NO. 15

18-JANUARY-1988

EGYPT

Price of Suez Blend Reduced by 90 Cents a Barrel

Egypt's international oil price setting committee decided on 14 January toreduce the price of the country's top-grade Suez Blend crude (33ø) by 90 centsto $15.00 a barrel for the second half of January, but has postponed a decision on the prices of the other heavier crudes - Belayim (26) $15.05/B, RasBudran (26) $14.55/B, and Ras Gharib (24) $13.9S/B until its next meeting on17 January.