VOL. XL No. 222 June 1997

ALGERIA

Algeria Raises June Price Formula

MEES understands that Sonatrach has raised its contract price for Saharan Blendto Dated Brent plus 60-61 cents/B for June as compared with 46-47 cents/B forMay. The following table shows the adjustment factors for Algeria'sSaharan Blend in relation to Dated Brent for the last quarter of 1996 and thefirst half of 1997 (cents/B):

1996

1997

Saharan

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

...