VOL. XLIII

No. 03

17 January 2000

OPEC

Syria Raises January Price Formula For Light Crude

Syrias state agency Sytrol has increased the January price formula for its Syrian Light crude by 5 cents/B to Dated Brent minus 5 cents/B. The formula for Syrian Heavy for January has yet to be agreed by all the customers, but Sytrol has proposed Dated Brent minus $2.20/B. The following table shows the adjustment factors for Syrian crude in relation to Dated Brent during the second half of 1999 and January...