VOL. XLII

No 49

6-December-1999

LIBYA

Libyan Raises December Price Formulas

Libya has increased the December price formulas by 20cents/B for all of its crudes including the offshore Bouri crude which forDecember is at parity with Iranian Heavy ex-Sidi Kerir. The following tableshows the adjustment factors for Libyan crudes in relation to Dated Brentduring 1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Zueitina

-0.05

+0.20

Parity

-0.20

...