NO. 17

24 JANUARY 1994


Syria Raises February Price Formulas For Light And Heavy Crudes

The February price formulas for both Syrian Light and Heavy crudes have beenraised. The formula for Syrian Light (36.3ø API, 0.73% sulfur) has beenincreased by 27 cents/B to Dated Brent minus 48 cents in February from DatedBrent minus 75 cents/B in January. The price of Syrian Heavy (24ø API, 3.8%sulfur) has been raised by 25 cents/B to Dated Brent minus $4.45/B in Februaryfrom Dated Brent...