VOL. XLII

No. 26

28-June-1999

LIBYA

Libya Cuts July Price Formulas By 20 Cents/B

Libya has cut its July price formulas by 20 cents/B, withthe exception of that for offshore Bouri crude which remains at Iranian Heavyex-Sidi Kerir minus 20 cents/B. The following table shows the adjustmentfactors for Libyan crudes in relation to Dated Brent for the first seven monthsof 1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

Zueitina (39ｰ )

-0.05

+0.20

Parity

-0.20

-0.25

-0.25...