VOL. XLI

No. 20

18-May-1998

YEMEN

Yemen Government Approves Partial Privatization Of Aden Refinery

The Yemeni Council of Ministers approved on 13 May the partial privatization of the170,000 b/d Aden refinery under a plan proposed by the Supreme Petroleum Council in March(MEES, 9 March). Under the plan, the government will cede control of any new orrehabilitated unit of the refinery to local or foreign private investors, and will retainless than 50% of the equity capital. The plan also provides...