NO. 2

10 OCTOBER 1994

Oil Prices

Qatar Raises September Price Formulas By $0.11/B

Qatar has raised its Oman-based retroactive crude price formulas forSeptember by $0.11/B for both its Dukhan and Marine crudes. Dukhan was priced atOman MPM ($15.71/B) plus $0.69/B, while Marine was set at Oman MPM plus $0.49/B.The actual price of Qatar's crude oil is $16.40/B for Dukhan and $16.20/B forMarine, a price reduction of $0.39/B for both crudes. The following table showsQatar's formula and...