VOL. XLI

No. 09

2 March 1998

EGYPT

Egypt Reduces March Price Formulas By 30-35 Cents/B

Egypt has reduced its price formulas for March by 30-35 cents/B. Suez Blend was markeddown by 35 cents/B to Dated Brent minus $2.45/B. All other crudes were cut by 30 cents/B.The following table shows the adjustment factors for Egyptian crudes against Dated Brentfor the second half of 1997 and the first quarter of 1998 ($/B):

1997

1998

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Suez Blend...