VOL. XLI

No. 21

25-May-1998

EGYPT

Egypt Lowers June Price Formulas By 10-25 Cents/B

Egypt has lowered the June price formulas for its Ras al-Bihar and Zeit Bay crudes by10 cents/B, and for its Suez Blend, Belayim, Ras Budran and Ras Gharib crudes by 25cents/B. The following table shows the adjustment factors for Egyptian crudes againstDated Brent for the second half of 1997 and the first half of 1998 ($/B):

1997

1998

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

...