No 47



Shell Doubles Premium For OmanTerm Sales In 2002

Shell has doubled the premium forits 2002 term Oman crude sales contracts to 5 cents/B above the monthlyofficial selling price set by the Oman Ministry of Oil and Gas (MOG). Shellsterm sales in 2001 are priced at 2.5 cents/B above the MOG official sales price(MEES, 20 November 2000). Shell initially offered to sell on a termbasis in 2002 at MOG plus 7-12 cents/B, but revised its offer downwards due toan...