VOL. XLII

No. 30

26-July-1999

ALGERIA

Algeria Raises August Price Formula

Algeria has raised its August price formula for SaharanBlend by 35 cents/B to Dated Brent plus 45 cents/B. The following table showsthe adjustment factors for Saharan Blend in relation to Dated Brent during thefirst eight months of 1999 ($/B):

1999

Saharan

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Blend (44ｺ)

+0.37

+0.64

+0.10

+0.20

+0.03-0.06

+0.05

+0.10

+0.45