VOL. XL

No. 10

10 March 1997

LIBYA

Libya Cuts March Crude Price Formulas For Es Sider And Sirtica

Libya has cut the March crude price formulas for its Es Sider andSirtica crudes by 10 cents/B, leaving all others unchanged, including the heavy offshoreBouri crude (26ｰ API) which remained at Iranian Heavy ex-Sidi Kerir minus 35 cents/B. Thefollowing tables shows the adjustment factors for Libyan crudes in relation to Dated Brentfor the second half of 1996 and the first quarter of 1997 ($/B):...