Yemeni Parliament Ratifies TransGlobe's PSA For Block S-1
Canada's TransGlobe Energy Corporation has announced that Yemen's National Assembly(parliament) ratified on 14 June the production sharing agreement (PSA) covering the4,507-sq. km. block S-1 (the Damis block) in the Shabwa region in central Yemen. Theagreement with TransGlobe was signed with the Ministry of Petroleum and Mineral Resourcesin September 1997 (MEES, 1 September 1997 and 23 February 1998)....