VOL. XXX

NOS. 11/12

22/29-DECEMBER-1986

NORTH YEMEN

Yepco Purchased 400,000 dwt Vessel for Crude Oil Storage

The Yemen Exploration and Production Company (Yepco) - the joint venturebetween the Yemen Hunt Oil Company and Yemen Exxon - has purchased the 400,000dwt tanker Safer from Ex- xon for about $8mn to be used as a floating storagevessel off the Yemeni coast at Salif on the Red Sea as part of the program todevelop Yepco's Alif field. The ten-year old vessel will sail from its lay-upberth in...