No. 27

1 April 1996


Syria Raises April Price For Light, Reduces Heavy

Syria's state-owned oil company Sytrol has raised the April price formula for its Syrian Light crude (36.3ー API, 0.73% sulfur) from parity with Dated Brent to Dated Brent plus 2 cents/B and reduced the price of Syrian Heavy by 5 cents/B to Dated Brent minus $2.60/B. The differentials for Syrian crude against Dated Brent are shown in the table below ($/B):