VOL. XXXVI

NO. 19

8 FEBRUARY 1993

OIL PRICES

Libya Reduces February Price Formulas

Libya's National Oil Corporation (NOC) is reducing the price formulas for allits crudes for February by 10-15 cents/B, including the heavy offshore Bouri(26 API) crude. Zueitina and Brega crudes have had their February formulasreduced by 15 cents/B to Dated Brent plus 10 cents/B. All other Libyan crudeswere reduced by 10 cents/B. Offshore Bouri is priced at Iranian Heavy (deliverySidi Kerir) minus 40 cents/B. The...