NO. 39


Oil Prices

Yemen Crescent Petroleum Awarded Contract for Two Blocks in the ShabwaArea

MEES learns that the Yemeni Ministry of Oil and Mineral Resources on 26 Juneawarded the Sharjah-based Crescent Petroleum Company International Ltd. aproduction-sharing agreement covering two blocks - Nos. 2 and 9 - in the Shabwaarea in central Yemen. The two blocks lie within the large tract in the Shabwabasin which was relinquished by the Soviet firm Technoexport in February this...