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 | ... |
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