Vol. XL

No. 2

13 January 1997


Syria Reduces Light Crude Price For January

Syria's state-owned oil company Sytrol has reducedthe January price formula for its Syrian Light crude by 30 cents/B and left the priceformula for Syrian Heavy unchanged from December. For January, Syrian Light (36.3º API,0.73% sulfur) will sell for Dated Brent minus 35 cents/B, while Syrian Heavy (24º API,3.8% sulfur) will sell at Dated Brent minus $4.75/B.

The differentials for Syrian crude against DatedBrent for the...