VOL. XLI

No. 40

5-October-1998

LIBYA

Libya Leaves October Price Formulas Unchanged,Introduces Esharara

Libya has left its October price formulas unchanged from Septemberpostings, including the price of its offshore Bouri crude at Iranian Heavy ex-Sidi Kerirminus 20 cents/B. Libya has also for the first time set a price for the new Esharara crudeat Dated Brent plus 40 cents/B. Esharara (43ยบ API) has been produced since last Decemberwith a volume of around 80,000-100,000 b/d. It is a blend of...