Middle East Economic Survey

VOL. L

No 47

19-November-2007

yemen

IVRCL Acquires 25% Participating Interest In Three Yemen Blocks

Indias IVRCL Infrastructures and Projects has acquired a 25% participating interest in three exploration blocks in Yemen (Block 19 in the Marib Basin, Block 57 in the Rub al-Khali Basin, and Block 28 in the Belhaf Basin) after purchasing Hyderabad-based Alkor Petroo (Alkor) on 11 November. IVCRL did not disclose the value of the transaction in the statement published on...