VOL. XL

No. 38

22 September 1997

EGYPT

Egypt Raises October Price Formulas

Egypt has raised the October price formulas for all of its crudes by 10-20 cents/B.Suez Blend, Ras al-Bihar and Zeit Bay were put up by 20 cents/B, while Ras Gharib wasincreased by 15 cents/B. Belayim and Ras Budran went up by 10 cents/B. The following tableshows the adjustment factors for Egyptian crudes against Dated Brent for 1997 ($/B):

1997

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Suez Blend...