VOL. XLII

No 41

11-October-1999

LIBYA

Libya Reduces Most Price Formulas For October

Libya has reduced all of its price formulas for October by 5cents/B except for Esharara crude, which it cut by 10 cents/B, and the offshoreBouri crude, which remained unchanged at Iranian Heavy ex-Sidi Kerir minus 20cents/B. The following table shows the adjustment factors for Libyan crudes inrelation to Dated Brent during 1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Zueitina

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