VOL. XL
No. 29
21 July 1997
ALGERIA
Algeria Raises August Price Formula
MEES understands that Sonatrach has raised its contract price for Saharan Blendby 13-14 cents/B to Dated Brent plus 53 cents/B for August as compared with plus 39-40cents/B for July. The following table shows the adjustment factors for Algeria's SaharanBlend in relation to Dated Brent for 1997 (cents/B):
1997 | ||||||||
Saharan | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
Blend (44º) | +74-75 | +78-80 | +79-80 | ... |
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