VOL. XXXI

NO. 28

18-APRIL-1988

ALGERIA-NORTH YEMEN

Algeria Supplies North Yemen with Crude on Soft Credit Terms

Algeria has agreed to supply North Yemen with 800,000 tons/year (18,000 b/d)of Sahara Blend crude oil at official prices but with one-year interest-freecredit facilities, according to an agreement signed a fortnight ago by theAlgerian Development Bank and the Yemeni Central Bank. An agreement in principleto this effect was initialed late last year by Sonatrach and the Yemeni oil...