No. 07

16 February 1998


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...