VOL. XLIV
No 51
17-December-2001
YEMEN
Yemen/Saudi/UAE Agreement On$895Mn Private Refinery Project
The Yemen General InvestmentAuthority and the United Company for Petroleum Investment (UCPI), which isowned by private investors in Saudi Arabia and the UAE, on 30 November signed apreliminary agreement for the construction of a 100,000 b/d oil refinery inMukalla in the southeastern Yemeni province of Hadhramaut at a cost of $895mn.According to the official SABA news agency, UCPI will arrange...
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