VOL. XXXIV

NO. 14

7-JANUARY-1991

Yemen

Clyde Petroleum Acquires 20% Interest in Crescent's Block 2 in ShabwaBasin

MEES learns that Clyde Petroleum of the UK has signed with the Sharjah-basedCrescent Petroleum for a 20% share in the production sharing concession coveringblock No.2 in the Shabwa basin in northeast Yemen and that negotiations are alsounderway with the Japanese firms C. Itoh and Indonesia Petroleum Ltd. for theirparticipation in the joint venture with a 10% stake for each of the two...