VOL. XXXIX
No. 12
18-December-1995
EGYPT
Egypt Simplifies Crude Pricing System
Effective 1 January 1996, the prices of Egypt's various crudes - Suez Blend, Ras al-Bihar, Zeit Bay, Belayim, Ras Budran and Ras Gharib - will all be set solely against Dated Brent. The previous weighted formula introduced on 1 October 1991, under which the price of Egypt's Suez Blend marker crude was set on the basis of differentials announced monthly against a basket comprising Dated Brent (60%), Iranian...
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