VOL. XL

No. 04

27 January 1997

OPEC

Egypt Reduces Price Formulas For February

Egypt has reduced the February price formulas forall its crudes by 15-25 cents/B. Ras al-Bihar, Zeit Bay, Ras Budran and Ras Gharib werecut by 15 cents/B, while Suez Blend and Belayim were marked down by 25 cents/B. Thefollowing table shows the adjustment factors for Egyptian crudes against Dated Brent forthe second half of 1996 and the first two months of 1997 ($/B):

1996

1997

Jul

Aug

Sep

Oct

Nov

 ...