VOL. XXXVI

NO. 43

26-JULY-1993

YEMEN

Price Of First Shipment Of Masila Crude

MEES understands that the first shipment of Masila crude oil has been sold tothe oil trading firm Vitol at a price of Dated Brent minus $2/B. TheCalgary-based Canadian Occidental Petroleum Ltd. (CanadianOxy) startedproducing Masila crude (30-31 API, 0.62% sulfur content) on 1 July at a rateof 40,000 b/d (MEES, 5 July). Gross production will remain at this level pendingcompletion of the central processing unit which will...