VOL. XXXIX

No. 26

25 March 1996

OPEC

Egypt Reduces Most April Prices Formulas By 10-13 Cents/B

Egypt has reduced some of its April price formulas against Dated Brent by 10-13 cents/B relative to March. The Egyptian General Petroleum Corporation (EGPC) began pricing all of its crudes against Dated Brent as of January 1996 (MEES, 18 December). Belayim, Ras Budran and Ras Gharib were lowered by 13 cents/B and Suez Blend was cut by 10 cents/B. Ras al-Bihar and Zeit Bay remained unchanged. The...