No. 13

31 March 1997


Syria Reduces April Price For Light Crude, Raises Heavy

Syria's state-owned oil company Sytrol has reduced the Aprilprice formula for its Syrian Light crude by 40 cents/B and increased the formula forSyrian Heavy crude by 10 cents/B. For April, Syrian Light (36.3ァ API, 0.73% sulfur) willsell for Dated Brent minus 90 cents/B, while Syrian Heavy (24ァ API, 3.8% sulfur) ispriced at Dated Brent minus $4.70/B. The differentials for Syrian crude against DatedBrent...