VOL.XXXVI

NO.50

13-SEPTEMBER-1993

OIL PRICES

Yemen4Q Price Formulas

Yemen'soilmarketingauthoritieshavemaintainedthe

fourthquarterprice formula forterm customers for Marib Light (40

API) unchanged from thethird quarteratDated

Brentplus30cents/B.The4Q price formula for newly-marketed Masila (30.50API)crudeisDatedBrentminus

$1.95/B.Yemenipricesforall destinations are FOBand determined five days around B/L, withpayments 30 days from

B/L.

Yemen's production is projected to reach around 300,000 b/d

by...