VOL. XL

No. 25

23 June 1997

EGYPT

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):

1997
Jan Feb Mar Apr May Jun Jul
Suez Blend (33ยบ) -2.10 -2.35 -2.50 -2.75 ...