SOUTH YEMEN
Elf Aquitaine Expands Petroleum Exploration in South Yemen
MEES understands that a firm understanding has been reached between Elf Aquitaine Petroleum (EAP) and South Yemen's Petroleum Exploration Department (PED) concerning a production-sharing agreement at the Aden-Abyan area in the western plateau region. An accord is expected to be signed soon. Last July EAP, an affiliate of the French state-owned Elf Aquitaine, acquired a 35% interest and became the operator of...
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