Middle East Economic Survey

VOL. LI

No 25

23-June-2008

yemen

Yemen Parliament Ratifies PSAs For Blocks 34 And 37

The Yemeni parliament on 15 June ratified two oil production sharing agreements (PSAs) for Blocks 34 and 37, according to Yemeni news agency Saba. In November 2007, the PSAs were signed between the Ministry of Oil and Minerals (MOM), Reliance Industries (RIL) wholly-owned subsidiary Reliance Exploration and Production (REP DMCC, operator, 70%), Yemens Hood Oil (30%), and the Yemeni Oil...