VOL. XLI

No. 07

16 February 1998

SYRIA

Syria Lowers February Crude Prices

Syria's state agency Sytrol has cut the February price formula for its Syrian Light andSyrian Heavy crudes by 45 cents/B and 35 cents/B respectively. For February Syrian Lightwill sell at Dated Brent minus 75 cents/B while Syrian Heavy was cut to Dated Brent minus$4.25/B. The following table shows the adjustment factors for Syrian Light and SyrianHeavy in relation to Dated Brent for the second half of 1997 and January and...