VOL. XLIII

No. 50

11-December-2000

YEMEN

Yemen Approves License For First Private Refinery

Yemens al-Kuthairi Group has received a license from the Yemen General Investment Authority to proceed with the construction of a 60,000 b/d crude refinery in Yemens southern Hadhramaut region, Dow Jones reported on 4 December. To implement the project, the privately owned Yemeni company has formed a joint venture with Chinas Petroleum Engineering Contracting Company in which the partners will hold 30% and...