VOL. XLI

No. 36

7-September-1998

UAE

Abu Dhabi, Oman And Qatar Raise August Prices

The Abu Dhabi National Oil Company (ADNOC) has raised its retroactive monthlyassessment prices for term sales for August by 10-20 cents/B. Crude oil prices were set at$12.75/B for Murban and Lower Zakum, up 10 cents/B, and $12.55/B for Umm Shaif, up 15cents/B. Upper Zakum was marked up 20 cents/B to $11.95/B. Oman's Ministry of Petroleumand Minerals (MPM) also increased its assessment price for term crude sales...