VOL. XXXI

NO. 16

25-JANUARY-1988

NORTH YEMEN

First Shipment of North Yemeni Crude Arrives in South Korea

The first shipment of North Yemeni crude amounting to 350,000 barrels -representing equity and contract crude for four South Korean firms who are inpartnership with Hunt Oil in North Yemen's Marib-Jawf concession - arrived inSeoul on 20 January.

The four Korean firms, which hold a 24.5% equity interest in the Huntconcession, are Yukong with a 65% share, Hyundai (10%), the Korean OilDevelopment...