No. 9



Algeria Makes Slight Increase In March Price Formula

MEES learns that Algeria's Sonatrach has increased the price formula for its Saharan Blend crude to Dated Brent plus 79-80 cents/B for March from Dated Brent plus 78-80 cents/B in February. The following table shows the adjustment factors for Algeria's Saharan Blend in relation to Dated Brent for the second half of 1996 and first quarter 1997 (cents/B):

1996 1997
Saharan Jul Aug Sep Oct Nov Dec ...