Middle East Economic Survey
Nexen May Lose Yemen Concession, Rebels Hit Export Pipeline Again
Canadian upstream firm Nexen may lose its 35,000 b/d Masila oil field in Yemen to a local operator. Its license expires in December, which it wants to renew for another five years. It (a license extension) is not going to be easy. It is a difficult process under a political crisis, a senior government official told Reuters last week. In case of no agreement, they...