VOL. XXXVI

NO. 48

30 AUGUST 1993

OIL PRICES

No Change For Libyan Crude Price Formulas For September

Libya's National Oil Corporation (NOC) has notified term customers that theprice formulas for its light crudes for September will remain unchanged fromAugust. Also unchanged is the price formula for the heavy offshore Bouri crude(26 API) at Iranian Heavy (delivery Sidi Kerir) minus $0.50/B. The followingtable shows the adjustment factors for the various Libyan light crudes inrelation to Dated Brent...