VOL. XLII

No. 34

23-August-1999

NIGERIA

Nigeria Raises September Price Formulas

Nigeria has increased its September price formulas by 5-20cents/B. Bonny Light, Qua Iboe, Brass River and Escravos were raised by 18cents/B. Pennington was marked up by 11 cents/B, while Forcados was increasedby 8 cents/B, Odudu by 5 cents/B and Bonny Medium by 20 cents/B. The followingtable shows the adjustment factors for Nigerian crude oils in relation to DatedBrent during 1999 ($/B):

1999

Jan

Feb

Mar

...