VOL. XLII

No. 09

1-March-1999

EGYPT

Egypt Reduces March Crude Formulas

Egypt has cut its crude price formulas for March by 10-25cents/B. Suez Blend, Ras al-Bihar, and Zeit Bay were reduced by 25 cents/B,while Belayim and Ras Budran were marked down by 15 cents/B and Ras Gharib wascut by 10 cents/B. The following table shows the adjustment factors forEgyptian crudes in relation to Dated Brent during the second half of 1998 andthe first quarter of 1999 ($/B):

...

1998

1999

Jul

Aug

Sep