NO. 45

8 AUGUST 1994

Oil Prices

Abu Dhabi Raises July Crude Prices By $0.60-0.75/B

The Abu Dhabi National Oil Company (ADNOC) has raised its retroactive monthlyassessment prices for term crude sales for July by $0.60-0.75/B. Murban, LowerZakum and Umm Shaif crudes were increased by $0.60/B to $17.60/B, $17.50/B and$17.10/B respectively, while Upper Zakum was raised by $0.75/B to $16.40/B.

The following table shows Abu Dhabi prices for the last 10 months ($/B):

Government Monthly Price...