VOL. XLII

No. 23

7-June-1999

YEMEN

Unocal And Occidental Swap Yemen And Bangladesh Assets

Unocal Corp. and Occidental Petroleum announced on 27 May anagreement to exchange assets in Yemen and Bangladesh. Unocal will trade its28.57% stake in three producing fields in Yemen for Occidental痴 50% workinginterest in three blocks in northeast Bangladesh. The Bangladesh assests involvedin the transaction include two production sharing contracts covering blocks 12,13 and 14 (an area of 3.4mn acres) in...