Middle East Economic Survey


No 20



Yemen To Offer 10 Offshore Blocks In 3Q 07

Yemen plans to offer 10 oil and gas offshore blocks in an international bidding round in 3Q 07, Oil Minister Khalid Bahah told Reuters on 9 May. The blocks will be located in the Gulf of Aden and the Red Sea. The bidding round, Yemens fourth, has already attracted interest from Canadas Nexen, Norways Statoil and US-based Occidental, Mr Bahah said. Yemen is trying to raise its oil output from...