VOL. XLV

No 4

28 January 2002

Crude Oil Formulas/Posted Prices($/B)

Algeria (Dated Brent +/- Adjustment Factor; $/B)

2002

2001

Saharan

Jan

Dec

Nov

Oct

Sep

Aug

Jul*

Blend (44ยบ)

+0.32

+0.53

+0.33

+0.10

+0.18

+0.10

Parity - +0.15

_______

*Prices started at parity with Dated Brent at the beginning of the month androse to +0.15 Dated Brent

by the end of the month.

Egypt (Dated Brent +/- Adjustment Factor; $/B)

2002

2001

Feb

Jan

...