Middle East Economic Survey

VOL. LII

No 24

15-Jun-2009

yemen

Yemen Says New Crude Tendering Process Working Well

The chairman of Yemens Crude Oil Marketing Technical Committee (COMTC), Jalal Yacoub, said the group is quite pleased with the new monthly bidding procedures for its Masila crude. The new procedures introduced over the past two months have begun to bear fruit, Mr Yacoub said in a statement released by the COMTC on 9 June. The committee announced that BP had submitted the winning bid for...