No. 5

3 February 1997


Syria Raises February Crude Prices

Syria's state-owned oil company Sytrol has raised the Februaryprice formula for its Syrian Light and Syrian Heavy crudes by 8 and 5 cents/B respectively. For February, Syrian Light (36.3ー API, 0.73% sulfur) will sell for Dated Brent minus 27 cents/B, while Syrian Heavy (24ー API, 3.8% sulfur) will sell at Dated Brent minus $4.70/B. The differentials for Syrian crude against Dated Brent for the second half of 1996 and...