No. 51/52

22/29 December 1997


Syria's Formula Prices For January

Syria's state agency Sytrol has raised the January price formula for its Syrian Lightcrude by 3 cents/B and left the formula for its Syrian Heavy crude unchanged. For January,Syrian Light (36.3º API, 0.73% sulfur) will sell for Dated Brent plus 18 cents/B, whileSyrian Heavy (24ºAPI, 3.8% sulfur) will remain at Dated Brent minus $3.90/B. Thefollowing table shows the adjustment factors for Syrian Light and Syrian Heavy...