VOL. XXXIV

NO. 32

13-MAY-1991

Yemen

Yemen Term Contract Volume Drops in Second Quarter

Yemeni oil authorities have been obliged to sell more of their crude oil onthe spot market during the second quarter because of a drop in liftings by theirterm customers. Only Mobil has agreed to lift its entitlement of 22,000 b/d ofMarib (40.4 API) crude, while Agip (20,000 b/d) and OMV (5,000 b/d) havedeclined to do so for price reasons (Sun Oil did not sign a contract for 10,000b/d in 1991 as was reported in...