Middle East Economic Survey


No 3



OMV Makes Commercial Oil Discovery In Yemens Block S-2

Austrias OMV has made a commercial discovery of oil in its Block S-2 (Al-Uqlah) operations in central Yemens Shabwa province, and has been given the go-ahead to develop the reserves, the company said on 9 January. The two-phased development plan which has been approved by the Yemeni government and OMVs partners, could

result in first oil production as early as 3Q 2006 with a total...