VOL. XLVII

No 19

10-May-2004

YEMEN

Yemens Government Forced To Freeze Partial Sale Of Assets In Block 53

Yemens parliament on 20 April threatened to withdraw its confidence in the government unless the latter called off plans to sell 60% of the state companys share in the assets of Block 53 (East Sarr) in Hadhramut province to private investors from the Gulf states. Members of parliament questioned the governments legal right under the constitution to take such action. Under this pressure, the...