VOL. XL
No. 48
1 December 1997
EGYPT
Egypt Raises December Price Formulas
Egypt has increased the price formulas for its crudes by 40-50 cents/B for the month ofDecember. The following table shows the adjustment factors for Egyptian crudes againstDated Brent for 1997 ($/B):
| 1997 | ||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Suez Blend (33ยบ) | -2.10 | -2.35 | -2.50 | -2.75 | -2.65 | -2.50 | -2.10 | -1.95 | -1.90 | -1.70 | -1.70 | -1.30 |
| Ras al-Bihar... | ||||||||||||
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