Middle East Economic Survey


No 1/2



Yemen, KNOC Sign Block 16 Oil Exploration And Production Agreement
Yemen on 28 December signed a joint oil exploration and production agreement with Korea National Oil Corp (KNOC), according to state news agency Saba. Under the deal, KNOC will invest $13mn in exploring Block 16 in eastern Yemen. KNOC was awarded Damqawt Block 39 in Yemens second international bid round. It is also operator with a 50% stake of West Ayad Block 4...