VOL. XLI

No. 45

9-November-1998

SYRIA

Syria Reduces November Price Formulas

Syrias state agency Sytrol has reduced the November priceformulas for its Syrian Light and Syrian Heavy crudes by 5 cents/B and 30 cents/Brespectively to Dated Brent minus 65 cents/B and Dated Brent minus $3.30/B. MEESlearns that Syrian exports now amount to slightly more than 300,000 b/d. The followingtable shows the monthly adjustment factors for Syrian Light and Syrian Heavy in relationto Dated Brent during 1998...