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Libya Cuts Es Sider Oil to 120-Cent Discount in June

May 23 (Bloomberg) -- Libya, holder of Africa’s largest oil reserves, reduced the official selling price for exports of Es Sider crude in June to a discount of 120 cents to Dated Brent, data posted on Libyan National Oil Corp.’s website show.

Libya priced Es Sider at a discount of 70 cents to Dated Brent in May.

Following is a table of June prices of all Libyan crude grades. The oil is priced in relation to Dated Brent and Russia’s Urals in the Mediterranean.

================================
Grade            Spread to Dated
                      Brent

Es Sider             -$0.120
Brega                -$0.50
Sharara              +$0.10
Zueitina             -$0.40
Sirtica              -$0.70
Amna                 -$0.05
Sarir                -$0.50
Abu Attifel          +$0.90
Mellitah             +$0.05

Grade            Spread to Urals
                       Med

Bouri                -$1.15
Al-Jurf              +$0.50
================================

To contact the reporter on this story: Ola Galal in Cairo at ogalal@bloomberg.net.

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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