VOL. XXXI

NO. 2

19-OCTOBER-1987

NORTH YEMEN

North Yemen Refutes Basis for Lawsuit Against Yemen Hunt Oil Company

The Government of North Yemen has categorically rejected any basis for thelawsuit filed in the 116th State District Court of Texas by the Arabian ShieldDevelopment Company of Dallas and Dorchester Master of Houston claiming $1bn indamages from Mr. Ray Hunt and two of his companies - the Hunt Oil Company andthe Yemen Hunt Oil Company - for their acquisition in 1981 of the exclusiverights...