VOL. XXXI

NO. 32

16-MAY-1988

QATAR

Qatar Maintains Price Formula Unchanged for May

Qatar's QGPC and its term contract customers have agreed on a price formulafor May liftings unchanged from April - namely the Oman monthly assessment (PDO)price plus 15 cents/B for Qatar Dukhan and plus 10 cents/B for Qatar Marine.Contract lifters for Qatar crude include Mitsubishi (50,000 b/d), Marubeni(40,000 b/d), C. Itoh (30,000 b/d), Mobil (20,000 b/d) and Agip (20,000 b/d).

Talks are currently in progress...