VOL. XXXV

NO. 10

9-DECEMBER-1991

Yemen

Yemen Government Approves Nimr Agreement with Arco

MEES is reliably informed that the Yemeni Ministry of Oil and MineralResources approved late last month the agreement reached by Nimr PetroleumCompany (NPC) and the US's Atlantic Richfield (Arco) for the latter to act asoperator for the 1,930-sq. km. Shabwa Block No.4 on a service contract basis.It also granted NPC pre-assignment approval for the farming out of an equityinterest to Arco at a later date, upon...