VOL. XLIII

No. 16

17-April-2000

YEMEN

Yemens Parliament Approves Production-Sharing Agreement With Agip

Yemens parliament has approved a production-sharing agreement between Agip Yemen BV, a subsidiary of the Italian energy group Eni, and the Ministry of Petroleum and Mineral Resources which was signed last December (MEES, 6 December 1999). The agreement covers the 3,700 sq km Block 2 (al-Mabar) in the Shabwa basin 150km north of the Gulf of 'Aden. Agip is expected to farm out part of its share...