NO. 41



Yemen Initials Two New Exploration Deals for Hadhramaut

Yemen has signed two letters of understanding for production sharingagreements covering two blocks in the Hadhramaut region of east Yemen. The firstwas signed on 5 July with Clyde Petroleum of the UK for a 6,390 sq.-km. block inthe Hawd area of Hadhramaut, lying in the western part of the previousconcession of 33,600-sq. km. that was held by Braspetro of Brazil andrelinquished in 1987. The second was...