Middle East Economic Survey
Hunt, Exxon Seek Arbitration Over PSA Extension For Block 18
Hunt Oil and ExxonMobil have filed a request for arbitration with the International Chamber of Commerce in Paris over the expropriation of Marib Block 18 in Yemen. Affiliates of the two companies have a partnership in the Yemen Exploration and Production Company (YEPC) which has produced oil in the block for over 20 years under a production-sharing agreement (PSA) which...
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