No. 31

4 August 1997


Syria Raises August Price Formulas

Syria's state agency Sytrol has raised the August price formula for its Syrian Lightcrude by 10 cents/B and that for Syrian Heavy by 45 cents/B. For August, Syrian Light(36.3ÂșAPI, 0.73% sulfur) will sell for Dated Brent minus 45 cents/B, while Syrian Heavy(24ÂșAPI, 3.8% sulfur) is priced at Dated Brent minus $3.90/B. Sytrol has pointed out thatthe reason behind the increases is the 55 cent/B rise in the price of August Arab...