VOL. XLI

No. 49

7-December-1998

EGYPT

Egypt Raises December Crude Formulas

Egypt has raised its crude price formulas for December by 20-40cents/B. Suez Blend rose by 40 cents/B, while Belayim, Ras Budran and Ras Gharib wereincreased by 30 cents/B, and Ras al-Bihar, and Zeit Bay were marked up by 20 cents/B. Thefollowing table shows the adjustment factors for Egyptian crudes in relation to DatedBrent for 1998 ($/B):

1998

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Suez Blend (33ยบ)

...