VOL.XXXIXNo. 65/6623/30 December 1996

EGYPT

Egypt'sPrice Formulas For JanuaryEgypt has raised the January price formula for its Suez Blend crude by 25cents/B to Dated Brent minus $2.10/B, but has left its Ras al-Bihar and Zeit Baycrudes unchanged. Belayim and Ras Budran were reduced by 15 cents/B for January,while Ras Gharib was marked down by 20 cents/B.The following table shows the adjustment factors for Egyptian crudes againstDated Brent for January 1997 and the second half of 1996 ($/B): ...