VOL. XLII
No. 31
2-August-1999
OPEC
Egyptian Price Formulas For August
Egypt has cut the August formula prices for its Suez Blend,Ras al-Bihar and Zeit Bay crudes, but increased the formula prices for Belayim,Ras Budran and Ras Gharib. Suez Blend was reduced by 20 cents/B, while Rasal-Bihar and Zeit Bay were cut by 10 cents/B. Belayim and Ras Budran were markedup by 25 cents/B and Ras Gharib was raised by 30 cents/B. The following tableshows the adjustment factors for Egyptian crudes in relation...
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