VOL. XL No. 1912 May 1997


Abu Dhabi, Oman and Qatar Reduce April Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactive monthlyassessment prices for term sales for April by $1.55-1.75/B. Murban, Lower Zakumand Umm Shaif were marked down by $1.75/B to $18.30/B, $18.35/B and $18.05/Brespectively, while Upper Zakum was cut by $1.55/B to $16.70/B. Oman'sMinistry of Petroleum and Minerals (MPM) also reduced its April assessment pricefor term crude sales by...