QATAR

New Qatar Price Formula 

Qatar's QGPC and its Japanese customers have now agreed on a new spot-related price formula on the Oman model to replace the previous netback-priced arrangements, MEES understands. As from 1 September Qatar crude deliveries to these customers (mainly Mitsubishi and Marubeni) will be priced as follows: Qatar Marine at equivalence with Oman (PDO) price as determined retrospectively on a monthly basis in line with the Oman formula; Qatar Dukhan...