VOL. XL

No. 9

3-March-1997

EGYPT

Egypt Cuts Some Price Formulas For March

Egypt has reduced the March price formulas for three of its crudes by 15 cents/B. Suez Blend, Ras al-Bihar and Zeit Bay were cut by 15 cents/B while Belayim, Ras Budran and Ras Gharib remained unchanged from February. The following table shows the adjustment factors for Egyptian crudes against Dated Brent for the second half of 1996 and the first quarter of 1997 ($/B):

1996 1997
Jul Aug Sep Oct Nov Dec Jan Feb...