NO. 15

10 JANUARY 1994

Oil Prices

Libyan Price Formulas For January

Libya's National Oil Corporation (NOC) has notified its term customers thatprice formulas for its Es Sider, Sirtica and Bu Attifel crude oils will beincreased by $0.05/B for January. Libya has also raised the price formula forits heavy offshore Bouri crude (26ΓΈ API) by $0.05/B to Iranian Heavy (deliverySidi Kerir) minus $0.45/B. All other Libyan crudes remain unchanged. This is thefirst change in Libya's crude oil...