VOL. XL No. 1728 April 1997

EGYPT

Egypt Reduces May Price Formulas For SuezBlend And Belayim

Egypt has reduced the May price formulas for its Suez Blend and Belayimcrudes by 10 cents/B, leaving the prices for its other crudes unchanged.The following table shows the adjustment factors for Egyptian crudesagainst Dated Brent for the fourth quarter of 1996 and the first five monthsof 1997 ($/B):

1996

1997

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Suez Blend (33ยบ)

...