No. 01

5 January 1998


Syria Revises January Formula Prices

Syria's state agency Sytrol has revised the January price formula for its Syrian Lightcrude, previously reported at Dated Brent plus 18 cents/B. The new price formula forSyrian Light (36.3º API, 0.73% sulfur) for January is parity with Dated Brent. RegardingSyrian Heavy (24ºAPI, 3.8% sulfur), its January price was previously reported asremaining unchanged from the December price of Dated Brent minus $3.90/B. However, at...