VOL. XLII

No. 23

7-June-1999

UAE

Abu Dhabi, Oman And Qatar Raise May Prices

The Abu Dhabi National Oil Company (ADNOC) has raised itsretroactive monthly assessment prices for term crude sales for May by 45cents/B. Crude oil prices were set at $15.90/B for Murban and Lower Zakum,$15.65/B for Umm Shaif, and $15.20/B for Upper Zakum. Omanç—´ Ministry ofPetroleum and Minerals (MPM) also raised its May assessment price for termcrude sales by 43 cents/B to $15.29/B. The Murban/Oman differential widened...