NO. 48

28 AUGUST 1995

Oil Prices

Syria Raises September Price Of Light Crude

Syria's state-owned company Sytrol has raised the price of its Light crude(36.3ø API, 0.73% sulfur) for the month of September by 23 cents/B to DatedBrent minus 52 cents/B. The contract price for Syrian Heavy (24ø API, 3.8%sulfur) was still under negotiation at MEES press time.

The differentials for Syrian crude against Dated Brent are shown in the tablebelow ($/B):