NO. 12



Suez Blend Price Formula Down 40 Cents/B against Dated Brent

Egypt has lowered the price of its Suez Blend marker crude (33 API) by ahefty 40 cents a barrel against Dated Brent - one of the components of Egypt'spricing formula - for the month of January, but there is no change against theother two components. The pricing formula for Suez Blend for January 1993 andthe second half of 1992 is as follows:

 1993 1992 1 Jan 1 Dec 1 Nov 1 Oct 1 Sep 1 Aug 1 July...