VOL. XLII

No 44

1-November-1999

EGYPT

Egypt Raises Some November Price Formulas

Egypt has increased some of its November formula prices by20-30 cents/B. Suez Blend was marked up by 30 cents/B, Ras Gharib by 25cents/B, and Ras al-Bihar and Zeit Bay by 20 cents/B. The following table showsthe adjustment factors for Egyptian crudes in relation to Dated Brent during1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Suez Blend (33ｺ)

-1.30

-1.25

-1.50

...