VOL. XXXII

NO. 52

3-OCTOBER-1988

NORTH YEMEN

North Yemen Offers 1mn Barrels Spot

North Yemen is offering on a bid basis a 1mn barrel spot cargo of Marib Lightfor delivery in October, MEES understands. The sale is the result of a delayin lifting by two second half term customers (Klockner and Avia), and theconsequent bottlenecks created in the limited offshore storage facilitiesavailable.

After production began late last year, North Yemen adopted a bidding systemfor sales for the first two quarters...