VOL. XLII

No. 02

11-January-1999

EGYPT

Egypt Reduces January Crude Formulas

Egypt has reduced its crude price formulas for January by 15-25cents/B. Suez Blend, Ras al-Bihar, Zeit Bay and Ras Gharib were cut by 15 cents/B, whileBelayim and Ras Budran were marked down by 25 cents/B. The following table shows theadjustment factors for Egyptian crudes in relation to Dated Brent during the last sixmonths of 1998 and the first month of 1999 ($/B):

1998

1999

Jul

Aug

Sep

Oct

Nov

Dec

Jan
...