VOL. XL

No. 14

7 April 1997

LIBYA

Libya Reduces April Crude Price Formulas By 10-35 Cents/B

Libya has reduced the April price formulas for all of its crudesby 10-35 cents/B. Es Sider was cut by 35 cents/B, while Sirtica was marked down by 30cents/B. Zueitina and Brega were both reduced by 25 cents/B, Sarir and Amna were cut by 20cents/B, and Bu Attifel was lowered by 10 cents/B. The one exception to the pricereductions was the heavy offshore Bouri crude (26ｰ API) which remained at Iranian...