VOL. XXXI

NO. 18

8-FEBRUARY-1988

QATAR

Qatar Renews Market Price Formula

Qatar notified its crude customers on 3 February of its intention tocontinue to apply the market-related price formula agreed on for January andFebruary (MEES, 25 January) in March, MEES understands. The formula used by theQatar General Petroleum Corporation (QGPC) relates Qatar crude prices to theaverage spot price for Oman crude as quoted by Platt's. Qatar Dukhan will bepriced at Oman plus 10 cents/B and Qatar Marine at...