VOL. XLI

No. 02

12 January 1998

UAE

Abu Dhabi, Oman and Qatar Cut December Prices

The Abu Dhabi National Oil Company (ADNOC) has cut itsretroactive monthly assessment prices for term crude sales for December by $2.25-$2.30/B.Prices were set at $17.00/B for Murban and Lower Zakum, $16.75/B for Umm Shaif, and$16.05/B for Upper Zakum. Oman's Ministry of Petroleum and Minerals (MPM) also lowered itsassessment price for term crude sales by $2.23/B to $16.31/B, thus narrowing theMurban/Oman...