VOL. XXXIX

No. 44

29 July 1996

ALGERIA

Raises August Price Formula

Algeria's Sonatrach has raised its August price formula for its Saharan Blend crude by 4 cents/B to Dated Brent plus 56 cents/B. The following table shows the adjustment factor for Algeria's Saharan Blend in relation to Dated Brent for August and the previous 10 months (cents/B):

______________________1996___________________ _______1995_______

Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct

Saharan Blend (44ｰ) +56 +52*...