VOL. XXXI

NO. 34

30-MAY-1988

GENERAL

World Bank to Evaluate Hydrocarbon Potential of Red Sea And Gulf ofAden

The World Bank, in cooperation with the United Nations Development Program (UNDP),plans to carry out a study beginning this summer with the assistance ofinternational exploration companies, for the evaluation of the hydrocarbonpotential of the Red Sea basin and the Gulf of Aden. The study, which isestimated to cost $4.9mn, financed by the UNDP, aims at promoting explorationinterest in the...