VOL. XLII

No. 10

8-March-1999

UAE

Abu Dhabi And Oman Cut February Prices, Qatar Ups MarineFormula

The Abu Dhabi National Oil Company (ADNOC) has reduced itsretroactive monthly assessment prices for term sales for February by 70cents/B. Crude oil prices were set at $10.25/B for Murban and Lower Zakum,$10.00/B for Umm Shaif, and $9.65/B for Upper Zakum. Omanç—´ Ministry ofPetroleum and Minerals (MPM) also cut its February assessment price for termcrude sales by 70 cents/B to $9.64/B. The Murban/Oman...