Middle East Economic Survey


No 41


Yemen Expedites Exploration Activity As Decline In Oil Production Continues

Since the beginning of 2004, Yemen has stepped up its exploration activities with three international bid rounds offering a total of 26 blocks, in an effort to stem the decline in the countrys oil production. According to figures provided to MEES by the Yemen Petroleum Exploration and Production Authority (PEPA), Yemens crude oil production has declined from its...