NO. 15

10 JANUARY 1994

Oil Prices

Syrian Oil Price Formulas For January

In line with its new pricing policy, Syria has set the price of Syrian Lightcrude (36ø API, 0.68% sulfur) at Dated Brent minus 75 cents/B for the month ofJanuary. Previously the price of Syrian Light was set against Es Sider spotonce every two months (MEES, 13 December 1993). The price of Syrian Heavy crude(24ø API, 3.8% sulfur), already being set against Dated Brent on a monthlybasis, has been raised by 15 cents/B...