Middle East Economic Survey

VOL. XLVII

No 24

14-June-2004

YEMEN

Yemens Parliament Extends Deadline For Government To Scrap Block 53 Sale

Yemens parliament on 6 June voted unanimously to extend by 60 days a deadline for the government to call off its 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. Last month, MPs threatened to withdraw confidence in the government unless the proposed sale was dropped...