Vol. XL

No. 1

6 January 1997

LIBYA

Libya Leaves January Crude Price Formulas Unchanged

Libya has left its January crude price formulasunchanged from December postings, including the heavy offshore Bouri crude (26ยบ API)which will sell at Iranian Heavy ex-Sidi Kerir minus 35 cents/B. The following tablesshows the adjustment factors for Libyan crudes in relation to Dated Brent for January 1997and the second half of 1996 ($/B):

...

1996

1997

Jul

Aug

Sep

Oct

Nov

Dec