25 August 1997
Egypt Raises September Price Formulas
Egypt has raised the September price formulas for all of its crudes by 5-10 cents/Bagainst Dated Brent. Belayim crude was increased by 10 cents/B, and all other crudes -Suez Blend, Ras al-Bihar, Zeit Bay, Ras Budran and Ras Gharib - were put up by 5 cents/B.The following table shows the adjustment factors for Egyptian crudes against Dated Brentsince the beginning of this year ($/B):
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