VOL.XXXVI

NO.49

6-SEPTEMBER-1993

SAUDI ARABIA

Introduction Of New Saudi Price Formula ForUSDeliveriesNow Not Expected Before December

MEES understands that Saudi Aramco will not be implementing

itsplan for a new price formula for crude sales to the US with effect from October as had earlier been mooted(MEES,

16 August).October pricesfor Saudi crude supplies to the

US,due to be announced shortly,willbebasedonthe AlaskaNorthSlope(ANS) crude priceyardstick as usual.

However, it is expected that the...