VOL. XLII

No. 02

11-January-1999

UAE

Abu Dhabi, Oman And Qatar Cut Prices For December

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactivemonthly assessment prices for term sales for December by $1.70/B. Crude oil prices wereset at $10.25/B for Murban and Lower Zakum, $10.00/B for Umm Shaif, and $9.70/B for UpperZakum. Omans Ministry of Petroleum and Minerals (MPM) also lowered its Decemberassessment price for term crude sales by $1.68/B to $9.57/B, thus narrowing the...