VOL. XXXVI

NO. 15

11 JANUARY 1993

OIL PRICES

No Change in Libyan Price Formulas for January

Libya's National Oil Corporation (NOC) has kept the January price formulasfor all its light crudes unchanged from the December level. NOC has also keptunchanged the heavier offshore Bouri (26 API) crude, which is priced atIranian Heavy (delivery Sidi Kerir) minus 30 cents/B. The following table showsthe adjustment factors for the various Libyan light crudes in relation to DatedBrent during January 1993 and...