VOL. XXXIV

NO. 7

19 NOVEMBER 1990

Egypt

Egypt Reduces Prices by $2.50/B on 12 November

Contrary to earlier reports (MEES, 12 November), there seems to have been noreduction in Egyptian crude oil prices on 5 November. Effective 12 November, the26 October prices were reduced by $2.50/B across the board. The new prices areshown in the table below (credit terms 60 days):

 12 Nov 26 Oct ($/B) ($/B) Ras al-Bihar (33) 29.80 32.30 Suez Blend (33) 29.50 32.00 Belayim (26) 28.65 31.15 Ras Budran (26) 27.50...