VOL. XLIV

No 33

13-August-2001

YEMEN

Sonatrach Farms Into Agip痴 Block3

Algeria痴Sonatrach announced on 6 August that it had signed an agreement with Agip YemenBV, a subsidiary of Italy痴 Eni, to acquire a 40% stake in Agip痴 Block 2(al-Mabar) in Yemen, with the Italian firm holding the remaining 60%. In April2000 Yemen痴 parliament approved a production-sharing agreement (PSA) coveringthe 3,700sq km block in the Shabwa basin 150km north of the Gulf of 'Aden (see MEES, 17 April 2000 for details). A...