VOL. XXXVI

NO. 24

15 MARCH 1993

OIL PRICES

Algeria Raises Price Formula for March

Algeria's state-owned oil company Sonatrach has increased the price for itsSahara Blend crude for March liftings by some $0.12/B to around Dated Brent plus$0.47/B. The following table shows the adjustment factor for Sahara Blend forthe first three months of 1993 in relation to Dated Brent ($/B):

 Mar Feb Jan Sahara Blend (44) +0.47 +0.35-0.45 +0.45-0.55