VOL. XL No. 1912 May 1997

ALGERIA

Algeria Raises May Price Formula

MEES understands that Sonatrach has raised its contract price for Saharan Blendto Dated Brent plus 46-47 cents/B for May as compared with 38-42 cents forApril. The following table shows the adjustment factors for Algeria's SaharanBlend in relation to Dated Brent for the last quarter of 1996 and the first fivemonths of 1997 (cents/B):

1996

1997

Saharan

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May...