VOL. XXXVI

NO. 15

11 JANUARY 1993

OIL PRICES

Abu Dhabi and Oman Cut Prices by 74-85 Cents/B for December

The Abu Dhabi National Oil Company (ADNOC) has lowered the retroactivemonthly assessment prices of its crudes for term sales by 75-85 cents/B forDecember. The prices of Murban, Lower Zakum and Umm Shaif were lowered by 75cents/B to $17.85/B, $17.75/B and $17.55/B respectively. The price of UpperZakum was lowered by 85 cents/B to $16.40/B. Oman's Ministry of Petroleum andMinerals (MPM) has also...