NO. 40



Yemen Awards Two More Concessions at Shabwa

MEES understands that the Yemeni authorities have signed two more heads ofagreement with the US firm Phillips and Italy's Agip for one concession bloceach in the Shabwa area. On 26 June, Crescent of Sharjah signed a heads ofagreement for two blocs while the US firm Chevron signed early last week for oneconcession (MEES, 2 July). Negotiations will follow with the four companiesduring the next few months concerning the...