VOL. XL
No. 26
30 June 1997
ALGERIA
Algeria Cuts July Price Formula
MEES understands that Sonatrach has reduced its contract price for Saharan Blendto Dated Brent plus 39-40 cents/B for July as compared with plus 60-61 cents/B for June.The following table shows the adjustment factors for Algeria's Saharan Blend in relation to Dated Brent for 1997 (cents/B):
1997 | ||||||||
Saharan | Jan | Feb | Mar | Apr | May | Jun | Jul | |
Blend (44º) | +74-75 | +78-80 | +79-80 | +38-42 | +46-47 | +60-61 | +39-40 |
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