VOL. XLII

No. 11

15-March-1999

LIBYA

Libya Cuts March Price Formulas

Libya has reduced all of its March price formulas by 20cents/B with the exception of the offshore Bouri crude which remained unchangedat Iranian Heavy ex-Sidi Kerir minus 20 cents/B. The following table shows theadjustment factors for Libyan crudes in relation to Dated Brent for the secondhalf of 1998 and the first quarter of 1999 ($/B):

1998

1999

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Zueitina

-0.65

...