No. 48

1 December 1997


Syrian Formula Prices For December

Syria's state agency Sytrol has raised the December price formula for its Syrian Lightcrude by 68 cents/B, while leaving the price formula for Syrian Heavy unchanged. ForDecember, Syrian Light (36.3º API, 0.73% sulfur) will sell for Dated Brent plus 15cents/B, while Syrian Heavy (24ºAPI, 3.8% sulfur) will remain at Dated Brent minus$3.90/B. The differentials for both crudes for 1997 are shown in the table below ($/B):