VOL. XLI

No. 17

27-April-1998

EGYPT

Egypt Raises May Price Formulas By 5 Cents/B

Egypt has increased the May price formulas for all its crudes by 5 cents/B. Thefollowing table shows the adjustment factors for Egyptian crudes against Dated Brent forthe second half of 1997 and the first five months of 1998 ($/B):

1997

1998

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Suez Blend (33ยบ)

-2.10

-1.95

-1.90

-1.70

-1.70

-1.30

-1.30

-2.10

...