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

...