VOL. XLI

No. 45

9-November-1998

LIBYA

Libya Reduces November Price Formulas

Libya has cut its November price formulas by 15-20 cents/B, with theexception of its offshore Bouri crude which remains unchanged at Iranian Heavy ex-SidiKerir minus 20 cents/B. No price was given for the new Esharara crude since there will beonly one export shipment during November, for Tamoil, which will amount to 600,000barrels. MEES learns that Esharara crude production continues to average around100,000 b/d, with...