VOL. XLII

No. 18

3-May-1999

SYRIA

Syria Cuts May Light Crude Formula

Syriaç—´ state agency Sytrol has reduced the May priceformula for Syrian Light crude by 20 cents/B to Dated Brent minus 85 cents/B.Regarding Syrian Heavy, Sytrol is rolling over the April price of Dated Brentminus $2.50/B, but customers have yet to respond. The following table shows theadjustment factors for Syrian crude in relation to Dated Brent for the secondhalf of 1998 and the first five months of 1999 ($/B):

1998

1999

...