VOL. XL
No. 34
25 August 1997
ALGERIA
Algeria Raises September Price Formula
MEES understands that Sonatrach has raised its contract price for Saharan Blendby 7 cents/B to Dated Brent plus 60 cents/B for September as compared with plus 53 cents/Bfor August. The following table shows the adjustment factors for Algeria's Saharan Blendin relation to Dated Brent for 1997 (cents/B):
1997 | |||||||||
Saharan | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept |
Blend (44º) | +74-75 | +78-80 | ... |
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