Issue No. 23

9 June 1997


Abu Dhabi, Oman and Qatar Raise May Prices

The Abu Dhabi National Oil Company (ADNOC) has increased its retroactivemonthly assessment prices for term sales for May by $1.70-2.00/B. Murban, Lower Zakum andUmm Shaif were raised by $1.70/B to $20.00/B, $20.05/B and $19.75/B respectively, whileUpper Zakum was marked up by $2.00/B to $18.70/B. Oman's Ministry of Petroleum andMinerals (MPM) also raised its May assessment price for term crude sales by $1.72/B to...