OPEC AND OIL PRICES
Israel to Continue to Purchase 40,000 b/d of Egyptian Crude
Israel is satisfied with Egypt's oil pricing system and is taking its fullcontractual volume of 2mn tons (40,000 b/d) this year. It is also planning totake the same volume next year. This was stated in Cairo on 25 November byIsraeli Energy Minister Moshe Shachal who was on a visit to Egypt during whichhe met with Egyptian Oil Minister 'Abd El Hady Kandil and other officials.