NO. 11

13 DECEMBER 1993

Oil Prices

Qatar Raises November Price Formulas

Qatar has raised the Oman-based price formulas for its Dukhan and Marinecrudes by 11 cents/B for November, while actual prices were reduced by $1.03/Bfrom October. The November price formula for Dukhan is Oman MPM plus 83 cents/B,while Marine is Oman MPM plus 55 cents/B. The following table shows Qatar'sformula and actual crude prices for the first 11 months of 1993: