VOL. XLIV
No. 25
18-June-2001
YEMEN
Yemens Parliament Approves PSAs With Nexen And Oxy
Yemens parliament on 9 June approved two production-sharing agreements (PSAs) with Canadas Nexen (the former Canadian Occidental), and Occidental Petroleum (Oxy) of the US. Nexen signed a memorandum of understanding (MOU) with Yemen last January on a PSA for Block 59 in the northeast of the country, which became available as a result of the border agreement signed with Saudi Arabia in June last year (MEES, 29...
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