Syria Raises January Price Formulas
Syrias state agency Sytrol has raised the January price formulas for its Syrian Light and Syrian Heavy crudes by 18 cents/B and 25 cents/B respectively to Dated Brent minus 22 cents/B and Dated Brent minus $3.00/B. Sytrol said that during 1998 exports totaled more than 20mn tons (400,000 b/d) for Syrian Light and 8.3mn tons (166,000 b/d) for Syrian Heavy. The following table shows the adjustment factors for Syrian crude in...
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