VOL. XLI

No. 49

7-December-1998

SYRIA

Syria Raises December Price Formulas

Syrias state agency Sytrol has raised the December price formulasfor its Syrian Light and Syrian Heavy crudes by 25 cents/B and 5 cents/B respectively toDated Brent minus 40 cents/B and Dated Brent minus $3.25/B. The following table shows theadjustment factors for Syrian crude in relation to Dated Brent during 1998 ($/B):

1998

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Syrian Light

Parity

-0.75

 ...