Qatar Cancels Netback Deals in Favor of Oman-Related Price Formula 

Qatar has informed its customers for crude oil supplies that as from 1 August 1986 it will abandon netback pricing and in its place institute a pricing arrangement modeled on the Oman system of monthly price setting on a retrospective basis in line with spot values during the month in question In addition to Oman, this monthly pricing system is also employed in Abu Dhabi.

According to the telex sent to...