VOL. XLII

No 43

25-October-1999

YEMEN

Yemen Raises December Price Formulas

Yemenç—´ oil marketing authorities have raised the Decemberprice formulas for the Masila and Marib Light crudes by 1 cent/B and 2 cents/Brespectively. During December Arcadia and Caltex are expected to each lift acargo of 500,000 barrels of Marib Light, while BP Amoco, Sinochem, Vitol,Arcadia, Total and Mitsui will each lift a 500,000 barrel cargo of Masila. Thefollowing table shows the adjustment factors for Marib Light and...