No. 24

15 June 1998


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):