No. 31



Bula Resources Pulls Out Of Yemeni Blocks 6 And 35

The Dublin-based Bula Resources (Jersey) Ltd. announced on 30 July thatit has decided to pull out of Yemeni blocks 6 and 35 and has advised the Yemeni Ministryof Petroleum and Minerals of its intention not to sign production sharing agreements forthe two blocks in accordance with the provisions of the Memorandum of Understandingconcluded with the Ministry last May (for details, see MEES, 1 June). In its...