No. 23

4 March 1996


Syria Reduces March Price For Light, Raises Heavy

Syria's state-owned oil company Sytrol has lowered the March price formula for its Syrian Light crude (36.3ー API, 0.73% sulfur) by 15 cents/B to parity with Dated Brent and raised the price of Syrian Heavy by 5 cents/B to Dated Brent minus $2.55/B.

The differentials for Syrian crude against Dated Brent are shown in the table below ($/B):

_______1996______ ____________________1995________ Mar Feb...