VOL. XXXVI

NO. 20

15 FEBRUARY 1993

OIL PRICES

Syria Reduces February Prices of Light and Heavy Crudes

MEES learns that Syria has reduced the prices of both its Syrian Light crude(36.5 API, 0.68% sulfur) and heavy Suwaidiyah crude (24 API, 3.8% sulfur)for the month of February. In conformity with the new practice of setting theprice of Syrian Light on a two-monthly basis from the beginning of 1993 (insteadof quarterly as previously), the price formula for Syrian Light was originallyset at Es Sider...