VOL. XXXIX

No. 31

29 April 1996

ALGERIA

Algeria's May Price Formula Unchanged

Algeria's Sonatrach has announced that its May price formula for its Saharan Blend crude will remain unchanged from the April level of Dated Brent plus 78-80 cents/B. The following table shows the adjustment factors for Algeria's Saharan Blend in relation to Dated Brent (cents/B):

__________1996_______________ ______________1995________________

May Apr Mar Feb Jan Dec Nov Oct Sep Aug Jul Saharan Blend...