VOL.XLIV

No49

3-December-2001

CrudeOil Formulas/Posted Prices ($/B)

Iran(Oman/Dubaior BWAVE +/- Adjustment Factor; $/B)

2001

Asia* (O/D)

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

Iranian Light (34º)

+0.15

+0.15

+0.25

+0.25

+0.45

+0.45

+0.20

+0.20

+0.20

+0.35

-0.35

0.00

Iranian Heavy (31º)

-0.20

-0.10

-0.20

-0.20

-0.30

-0.15

-0.25

-0.15

-0.15

-0.15

-0.85

-0.75

Foroozan...