Middle East Economic Survey


No 4



Yemen Invites ONGC To Build 100,000 B/D Refinery

Yemen has invited Indias Oil and Natural Gas Corp (ONGC) to build a 100,000 b/d refinery on its Arabian Sea coast, Oil Minister Khalid Bahah said 17 January. Yemen is planning two $1bn refineries, to be located at Hadhramawt and at al-Mukalla, to be wholly-owned by foreign companies that will have the freedom to sell products in local market as well as export them, Mr Bahah added. Discussions...