No. 02

10 January 2000


Abu Dhabi, Oman And Qatar Raise December Prices

The Abu Dhabi National Oil Company (ADNOC) has raised its retroactive monthly assessment prices for term sales for December 1999 by 65-75 cents/B. Murban, Lower Zakum and Umm Shaif were raised by 75 cents/B (to $25.35/B, $25.40/B and $25.15/B respectively), while 65 cents/B was added to Upper Zakum ($24.00/B). Omans Ministry of Oil and Gas (MOG) has increased its December assessment price for term crude sales by...