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... |
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