VOL. XXXI

NO. 24

21-MARCH-1988

EGYPT

Oil Prices Reduced by 75 cents/B for Second Half of March

Egypt has decided to reduce the prices of all its grades of crude oil by 75cents a barrel for the second half of March. This is the second reduction in oilprices this month and brings Egyptian oil prices to their lowest levels sinceNovember 1986 (MEES, 24 November 1986). The new prices are shown in the tablebelow (credit terms 60 days):

 16 Mar 1 Mar 16 Jan ($/B) ($/B) ($/B)Suez Blend (33) 13.25 14.00...