VOL. XXXVIIINO. 714-NOVEMBER-1994

Oman

1995 Term Contract Negotiations For Oman Crude Make Headway

With Omani crudecurrently commanding some of the highest premiums relative to officialgovernment prices on the spot market yet this year, term buyers of Omani exportcrude are finding themselves on the defensive in negotiations now underway for1995 contract extensions. Term discussions are being held with two groups:between equity producer Shell and its Far East contract holders and between the...