VOL. XLII

No. 02

11-January-1999

LIBYA

Libya Raises January Price Formulas

Libya has increased its January price formulas. Brega and Eshararacrude were marked up by 15 cents/B while all other crudes were increased by 10 cents/Bwith the exception of the offshore Bouri crude which remained unchanged at Iranian Heavyex-Sidi Kerir minus 20 cents/B. The following table shows the adjustment factors forLibyan crudes in relation to Dated Brent for the last six months of 1998 and the firstmonth of 1999...