Middle East Economic Survey


No 42



Yemen Awards Three Blocks To International Oil Companies

Norways DNO won Block 48, Austrias OMV won Block 86, and Total won Block 85 in the most recent bidding round of Yemen, according to a ministry statement released on 3 October. Yemens Minister of Oil and Minerals Amir al-Aidarus said that negotiations regarding key terms and volume of exploration in the first and second phases are taking place for the remaining two blocks ...