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):
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