VOL. XLI

No. 24

15 June 1998

SYRIA

Syria Readjusts June Formula Price For Light Crude

Syria's state agency Sytrol has readjusted the June price formula for Syrian Light toDated Brent minus $1.55/B. Sytrol said the adjustment was necessary due to the steepdecline in oil price levels. The June price for Syrian Heavy remains at Dated Brent minus$4.00/B. The following table shows the adjustment factors for Syrian Light and SyrianHeavy in relation to Dated Brent for the first half of 1998 ($/B):

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