No. 27

1 April 1996


Libyan Crude Price Formulas For April

Libya has left most of its April crude oil price formulas unchanged, with the exception of Sarir and Amna, both of which were increased by 5 cents/B. The heavy offshore Bouri (26ー API) crude also remained unchanged at Iranian Heavy ex-Sidi Kerir minus 30 cents/B. The following table shows the adjustment factors for Libyan crudes in relation to Dated Brent ($/B):