25 December 1995/1 January 1996
Egypt Sets January Prices Against Dated Brent
Egypt has simplified its pricing system by setting its pricing formulas solely against Dated Brent, effective 1 January (MEES, 18 December). The price formulas for all Egyptian crudes, beginning with the month of January 1996, are included in the following table ($/B):
Jan Suez Blend (33ｰ API) -1.45 Ras al-Bihar (33ｰ API) -1.05 Zeit Bay (33ｰ API) -1.10 Belayim (26ｰ API)...