No. 33

18 August 1997


Nigerian Price Formulas For September

Nigeria has issued its prices early for the second consecutive month. The NigerianNational Petroleum Corporation (NNPC) has lowered the September price formulas for itsBonny Light and Qua Iboe crudes by 5 cents/B, Escravos by 8 cents/B and Brass River by 3cents/B. Forcados and Bonny Medium were raised by 5 cents/B and 3 cents/B respectively,while Pennington was left unchanged. The following table shows the adjustment...