VOL. XL

No. 04

27 January 1997

OPEC

Algeria Raises February Price Formula

MEES learns that Algeria's Sonatrach hasincreased the price formula for its Saharan Blend crude to Dated Brent plus 78-80 cents/Bfor February from the January price of Dated Brent plus 74-75 cents/B. The following tableshows the adjustment factors for Algeria's Saharan Blend in relation to Dated Brent forthe second half of 1996 and January and February 1997 (cents/B):

...

1996

1997

Saharan

Jul

Aug

Sep