VOL. XLII

No. 06

8-February-1999

UAE

Abu Dhabi And Oman Raise Prices For January, Qatar CutsFormulas

The Abu Dhabi National Oil Company (ADNOC) has raised itsretroactive monthly assessment prices for term sales for January by 65-70cents/B. Crude oil prices were set at $10.95/B for Murban and Lower Zakum,$10.70/B for Umm Shaif, and $10.35/B for Upper Zakum. Omanç—´ Ministry ofPetroleum and Minerals (MPM) also raised its January assessment price for termcrude sales by 77 cents/B to $10.34/B, thus...