Middle East Economic Survey
VOL. XLIX
No 1/2
2/9-January-2006
YEMEN
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...
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