VOL. XLII

No 40

4-October-1999

EGYPT

Egypt Reduces October Price Formulas

Egypt has reduced the October formula prices for all of itscrudes by 30 cents/B. The following table shows the adjustment factors forEgyptian crudes in relation to Dated Brent during 1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Suez Blend (33ｺ)

-1.30

-1.25

-1.50

-1.60

-1.65

-1.55

-1.70

-1.90

-1.75

-2.05

Ras al-Bihar (33ｺ)

-1.20

-1.15

-1.40

-1.50

-1.55

 ...