Middle East Economic Survey
VOL. XLVII
No 29
19-July-2004
YEMEN
Yemen Government Quizzed On Allegation Of Missing IOC Funds
The Yemeni government on 8 July faced questioning from members of parliament over allegations that 80% of money paid for non-petroleum activities by international oil companies (IOCs) operating in the country had not been accounted for. Under production-sharing agreements in Yemen, the companies pay a percentage of their earnings to the state for institutional support,...
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