VOL. XLV

No 7

18-February-2002

YEMEN

President Approves Project ForYemen痴 First Private Oil Refinery

President 'Ali 'Abd Allah Salih on6 February issued a decree approving a project for the establishment of Yemen痴first private oil refinery on a build and operate basis. A preliminaryagreement for the project was signed in November last year (MEES, 17 December 2001). The 100,000 b/drefinery, costing around $895mn, will be built at al-Mukalla in Hadhramaut provincein the southeast of the country by...