VOL. XLI

No. 23

8 June 1998

SYRIA

Syria Cuts June Formula Price For Light Crude, Raises Heavy

Syria's state agency Sytrol has reduced the June price formula for Syrian Light by 75cents/B to Dated Brent minus $1.40/B, but raised the price of Syrian Heavy by 7 cents/B toDated Brent minus $4.00/B. The following table shows the adjustment factors for SyrianLight and Syrian Heavy in relation to Dated Brent for the first half of 1998 ($/B):

1998

Jan

Feb

Mar

Apr

May

Jun

Syrian Light

...