No. 30

28 July 1997


Egypt Raises August Price Formulas

Egypt has raised the August price formulas for all of its crudes by 5-45 cents/B. SuezBlend was increased by 15 cents/B, while Ras al-Bihar and Zeit Bay were put up by 5cents/B. Ras Budran and Ras Gharib went up by 40 cents/B and Belayim was raised by 45cents/B. The following table shows the adjustment factors for Egyptian crudes againstDated Brent for 1997 ($/B):


Jan Feb Mar Apr May Jun Jul Aug
Suez Blend (33ยบ) ...