VOL. XXXVII

NO. 10

6 DECEMBER 1993

Oil Prices

Libyan Crude Oil Prices Unchanged For December

Libya's National Oil Corporation (NOC) has notified its term customers thatthe December price formulas for its light crudes will remain unchanged fromNovember. Libya's crude oil price formulas have remained unchanged for the lastsix months. The price formula for Libya's heavy offshore Bouri crude (26ΓΈ API)also remains unchanged at Iranian Heavy (delivery Sidi Kerir) minus $0.50/B.

MEES understands that the...