No. 10

10 March 1997


Syria Reduces March Crude Prices

Syria's state-owned oil company Sytrol has cut the March priceformulas for its Syrian Light and Heavy crudes by 23 and 10 cents/B respectively. ForMarch, Syrian Light (36.3ー API, 0.73% sulfur) will sell for Dated Brent minus 50 cents/B,while Syrian Heavy (24ー API, 3.8% sulfur) will sell at Dated Brent minus $4.80/B. Thedifferentials for Syrian crude against Dated Brent for the second half of 1996 and firstquarter of 1997 are...