VOL. XL

No. 6

10-February-1997

UAE, Oman And Qatar

Abu Dhabi, Oman and Qatar Cut January Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactive monthly assessment prices for term sales for January by 45 cents/B for all crudes. Murban, Lower Zakum, Umm Shaif and Upper Zakum were decreased to the respective prices of $23.75/B, $23.80/B, $23.50/B and $21.65/B.

Oman's Ministry of Petroleum and Minerals (MPM) also dropped its January assessment price for term crude sales by 32...