No. 27

7 July 1997


Abu Dhabi, Oman and Qatar Reduce June Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactive monthlyassessment prices for term sales for June by $1.35-1.70/B. Murban and Umm Shaif were cutby $1.65/B to $18.35/B and $18.10/B respectively, while Lower Zakum was marked down by$1.70/B to $18.35/B and Upper Zakum was reduced by $1.35/B to $17.35/B. Oman's Ministry ofPetroleum and Minerals (MPM) also cut its June assessment price for...