VOL. XLII

No. 26

28-June-1999

EGYPT

Egypt Cuts Crude Price Formulas By 15 Cents/B For July

Egypt has reduced the July formula prices for all its crudesby 15 cents/B. The following table shows the adjustment factors for

Egyptian crudes in relation to Dated Brent during the firstseven months of 1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

Suez Blend (33ｺ)

-1.30

-1.25

-1.50

-1.60

-1.65

-1.55

-1.70

Ras al-Bihar (33ｺ)

-1.20

-1.15

-1.40

-1.50

-1.55

-1.45...