VOL. XXII

NO. 10

12-DECEMBER-1988

NORTH YEMEN-SOUTH YEMEN

Joint Oil Exploration Company Capitalized at $10mn

The newly-establishedjoint company set up last June by North Yemen and South Yemen to undertake oilexploration and development in the joint area lying between the two countries,for which the final agreement was initialed in the last week of November (MEES,28 November), has been capitalized at $10mn, according to a statement by theSouth Yemeni Deputy Prime Minister and Minister of Energy...