23 June 1997
Egypt Raises July Price Formulas
Egypt has raised the July price formulas for all of its crudes by 10-40cents/B. Suez Blend was increased by 40 cents/B, Ras Budran and Ras Gharib were marked upby 20 cents/B, while Ras al-Bihar, Zeit Bay and Belayim were put up by 10 cents/B. Thefollowing table shows the adjustment factors for Egyptian crudes against Dated Brent for1997 ($/B):
|Suez Blend (33º)||-2.10||-2.35||-2.50||-2.75||...|
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