Middle East Economic Survey
Yemen Awards Development Rights For Block 4, Initial Approval For Block 3
Yemen has awarded state-run Korea National Oil Corp (KNOC) the rights to develop and operate Block 4 in the countrys Shabwa province, according to state news agency Saba. The agency said KNOC presented the best offer but gave no details. Block 4 is in the Marib-Shabwa basin which also contains Yemens second-largest producing block 18 which averages 73,000...