NORTH YEMEN

Exxon Negotiating Acquisition of 49% Stake in Runt's Marib-Jawf Concession 

MEES hears that negotiations have reached an advanced stage between Exxon and Hunt Oil concerning the purchase by the former of a 49% interest in Hunt's Marib-Jawf concession in North Yemen. Senior executives of the two American companies visited the capital San'a earlier this month and met with the top leadership of North Yemen.

The Yemen Hunt Oil Company (YHOC), a subsidiary of the...