No. 24

11 March 1996


Abu Dhabi, Oman And Qatar Reduce February Prices

The Abu Dhabi National Oil Company (ADNOC) has reduced its retroactive monthly assessment prices for term crude sales for February by 75 cents/B. Murban, Lower Zakum, Umm Shaif and Upper Zakum were all cut by the same amount.

Oman's Ministry of Petroleum and Minerals (MPM) also announced a reduction in its February assessment price for term crude sales of 76 cents/B, putting the price of Omani crude...