No. 14

7 April 1997


Algeria Cuts April Price Formula

MEES understands that Sonatrach has agreed on contract prices forSaharan Blend at varying differentials for April. During the first decade Saharan Blendwill sell at Dated Brent plus 38 cents/B, while during the second decade it will be pricedat Dated Brent plus 39-40 cents/B, and Dated Brent plus 42 cents/B during the third decadeof the month. Overall, the price formula for Saharan Blend has dropped by some 40 cents/Bfrom...