VOL. XXXV

NO. 29

20-APRIL-1992

Yemen

YCIOM Says Oil Service Joint Ventures Capitalized at $53mn

The state-owned Yemen Company for Investment in Oil and Minerals (YCIOM) hasannounced that a total of $53mn has been invested in 14 newly-formed jointventure oil service companies. In an interview with the Yemen Times on 1 April, YCIOM Chairman Rashid al-Kaff disclosed that capital investment in nine jointventure companies already established totaled $34mn, and that total investmentin five other...