Middle East Economic Survey
VOL. XLVIII
No 15
11-April-2005
YEMEN
Yemen Government Rejects Extension Of Hunt PSA
Under pressure from parliament the Yemeni government on 30 March scrapped a deal reached at the end of 2003 with Hunt Oil of the US to extend the companys 20-year oil production-sharing agreement (PSA) for a period of five years from November 2005 (MEES,17 November 2003). Hunt is the operator with a 37% interest in the 100,000 b/d Marib-Jawf concession in Yemens Block 18, together with a...
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