Middle East Economic Survey


No 11



Yemen Seeks Private Capital To Move Refinery Projects Forward

Yemen is seeking private investors to provide funding for the refurbishment and expansion of its refineries at Aden and Marib, and also for two new private ones planned for Ras 'Isa on the Red Sea coast and al-Mukalla on the Arabian Sea. The cost of building the new refineries, each with capacities of 50,000 b/d, is estimated at $200-300mn, while financing the expansion of...