VOL. XLVII
No 20
17-May-2004
YEMEN
Two South Korean Firms Sign Agreement For Private Refinery In Yemen
A group of private investors from Yemen, Saudi Arabia and the UAE on 6 May signed an agreement with South Koreas Samsung and SK for the establishment of an oil refinery at al-Dabba in Hadhramaut province. Under the accord, the refinery will be established within 30 months at a cost of $225mn. Its capacity in the initial phase will be 50,000 b/d. The chairman of the Hadhramaut Oil Refinery...
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