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...
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