ALGERIA

Condensate Down $1.50/B

Algeria has cut the price of its condensate exports by $1.50/B to a new low of $25.00/B effective 1 January. The price of Algerian condensate has now fallen by $3.50/B since last April, as the following table shows ($/B):

 Date Price  1 Jan. 1984 27.50 1 Feb. 28.25 1 April 28.50 1 July 27.00 1 Aug. 26.00 1 Sept. 26.65 1 Oct. 27.00 1 Nov. 26.50 1 Jan. 1985 25.00