VOL. XXXIX

No. 8

20-November-1995

QATAR

Yukong Lifts First Shipment From Maersk's Al-Shaheen Crude

Yukong Ltd. of South Korea, announced on 13 November that it had bought the first spot cargo of crude produced by Maersk Oil Qatar from al-Shaheen field in Qatar's offshore Block No. 5. The Yukong announcement stated that the price was around "30 cents below Dubai's front-month quotes for early December loadings."