No. 10

9 March 1998


Abu Dhabi, Oman And Qatar Reduce February Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactive monthlyassessment prices for term sales for February for its crudes by $1.15-1.25/B. Prices wereset at $12.75/B for Murban and Lower Zakum, $12.50/B for Umm Shaif, and $11.70/B for UpperZakum. Oman's Ministry of Petroleum and Minerals (MPM) also lowered its assessment pricefor term crude sales by $1.12/B to $12.25/B, thus narrowing the...