YEMEN

 

Medco Expands Yemen Portfolio With Block 9 Farm-In

Indonesian independent Medco Energi has acquired a 25% stake in Yemen’s Block 9 from India’s Reliance Industries. The deal, announced on 6 August, signals a return by international oil companies to merger and acquisition activity in Yemen following a turbulent year or so in which the country’s oil and gas infrastructure has been repeatedly targeted by militants looking to destabilize...