27 July 1998
Egypt Raises August Price Formulas By 50-70 Cents/B
Egypt has raised its crude price formulas for August by 50-70 cents/B. Suez Blend wasmarked up by 70 cents/B, while Ras al-Bihar, Zeit Bay, Belayim, and Ras Budran wereincreased by 60 cents/B. Ras Gharib was put up by 50 cents/B. The following table showsthe adjustment factors for Egyptian crudes against Dated Brent for the last quarter of1997 and the first eight months of 1998 ($/B):
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