VOL. XL No. 2126 May 1997

EGYPT

Egypt Raises June Price Formulas

Egypt has raised the June price formulas for all of its crudes by 5-15cents/B. Suez Blend, Belayim, Ras Budran and Ras Gharib were increased by15 cents/B, while Ras al-Bihar and Zeit Bay were put up by 5 cents/B. Thefollowing table shows the adjustment factors for Egyptian crudes against DatedBrent for the fourth quarter of 1996 and the first half of 1997 ($/B):

1996

1997

Oct

Nov

Dec

Jan

Feb

Mar

Apr...