No. 49

8 December 1997


Abu Dhabi, Oman And Qatar Reduce November Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactive monthlyassessment prices for term sales for November for its crudes by 80-90 cents/B. Prices wereset at $19.30/B for Murban and Lower Zakum, $19.05/B for Umm Shaif, and $18.30/B for UpperZakum. Oman's Ministry of Petroleum and Minerals (MPM) also lowered its assessment pricefor term crude sales by 73 cents/B to $18.54/B, thus narrowing the...