No. 02

12 January 1998


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...