No. 16



Syria Finalizes Term Contracts For 1996

MEES learns that Syria has finalized term contracts for exports of its Syrian Light and Heavy crudes for the year 1996. These provide for approximately 12-14 cargoes a month of Syrian Light and 4-5 cargoes a month of Syrian Heavy. The average monthly volume of crude lifted by each customer is around 75,000 tons rising in some cases to 100,000 tons, though some firms lift smaller volumes on an irregular...