VOL. XXXIX

No. 22

26 February 1996

OPEC

Egypt Reduces March Price Formulas By 10-20 Cents/B

Egypt has reduced its March price formulas against Dated Brent by 10-20 cents/B relative to February. The Egyptian General Petroleum Corporation (EGPC) began pricing all of its crudes against Dated Brent as of January 1996 (MEES, 18 December 1995). Belayim, Ras Budran and Ras Gharib were reduced by 20 cents/B and Suez Blend was cut by 15 cents/B. Ras al-Bihar and Zeit Bay were lowered by 10...