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 | ...
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