VOL. XXXIX

No. 48

26 August 1996

EGYPT

Egypt Raises September Price Formulas By 5-15 Cents/B

Egypt has increased its September price formulas against Dated Brent by 5-15 cents/B. Suez Blend was raised by 15 cents/B while Ras al-Bihar and Zeit Bay were put up by 10 cents/B. Belayim, Ras Budran and Ras Gharib were marked up by 5 cents/B. Since January, the Egyptian General Petroleum Corporation (EGPC) has priced all of its crudes against Dated Brent (MEES, 18 December). The following...