No. 17



Syria Raises April Formula Prices

Syria's state agency Sytrol has increased the April price formulas for both SyrianLight and Syrian Heavy. Syrian Light was raised by 5 cents/B to Dated Brent minus 70cents/B and Syrian Heavy was marked up by 13 cents/B to Dated Brent minus $4.07/B. Thefollowing table shows the adjustment factors for Syrian Light and Syrian Heavy in relationto Dated Brent for the second half of 1997 and the first four months of 1998 ($/B):