VOL. XL

No. 40

6 October 1997

ALGERIA

Algeria Raises October Price Formula

MEES understands that Sonatrach has raised its contract price for Saharan Blendby 5 cents/B to Dated Brent plus 65 cents/B for October, as compared with plus 60 cents/Bfor September. The following table shows the adjusttment factors for Algeria's Saharan Blend in relation to Dated Brent for 1997(cents/B):

...

1997

Saharan

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Blend (44º)

+74-75

+78-80