No. 31

29 April 1996


Libyan Crude Price Formulas For May

Libyahas reduced by 15 cents/B the May price formulas for its Es Sider and Sirtica crudes, leaving all others unchanged from their April levels, including the heavy off- shore Bouri (26ー API) crude which stayed 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):