VOL. XLI
No. 04
26 January 1998
EGYPT
Egypt Cuts February Price Formulas By 60-80 Cents/B
Egypt has reduced its price formulas for February by 60-80 cents/B. Suez Blend,Belayim, Ras Budran and Ras Gharib were marked down by 80 cents/B, while Ras al-Bihar andZeit Bay were cut by 60 cents/B. The following table shows the adjustment factors forEgyptian crudes against Dated Brent for the second half of 1997 and the first two monthsof 1998 ($/B):
1997 | 1998 | ||||||||
Jul | Aug | Sep | Oct | Nov | ... |
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