VOL. XLI

No. 14

6-April-1998

EGYPT

1997 Egyptian Crude Oil Prices

The 1997 average price of Egypt's Suez Blend marker crude was $16.978/B, according to arecent issue of the monthly al-Bitrul magazine published by the Egyptian GeneralPetroleum Corporation (EGPC). This is 9.6% lower than the comparable average price of$18.780/B last year (MEES, 5 May 1997). Suez Blend's highest monthly average pricein 1997 was $21.350/B in January and the lowest $14.684/B in April (see table below). The1997...