Yemen Signs E&P Deals With Hungary's MOL And Petrotubos Of The US
The Yemeni Ministry of Petroleum and Minerals signed last week two exploration andproduction sharing agreements last week with the Hungarian oil exploration firm MOL andthe US Delaware-based firm Petrotubos. Under the agreement signed with MOL - which coversthe 5,055-sq. km. North Mukalla block 48 - the company undertook to spend in a three-yearfirst phase $15mn on the re-processing of...