29 January 1996
EgyptRaises February Price Formulas By 20-35 Cents/B
Egypt has raised its February prices formulas against DatedBrent by 20-35 cents/B over January prices. As of January1996, the Egyptian General Petroleum Corporation (EGPC) ispricing all of its crudes against Dated Brent (MEES, 18December). Belayim and Ras Budran were increasedby 35cents/B, while Suez Blend was raised by 25 cents/B, and Rasal-Bihar, Zeit Bay and Ras Gahrib were marked upby 20cents/B...