VOL. XLI

No. 41

12-October-1998

YEMEN

Yemen Scheduled To Take Over Marib Refinery In November

The Yemen Oil Refining Company (YORC) a subsidiary of thestate-owned General Corporation for Oil and Mineral Resources is scheduled to takeover the Marib 10,000 b/d topping plant next month. The plant was built in the mid-1980sand is now operated by the Yemen Hunt Oil Company. However, MEES understands that,although the takeover is stipulated in the original agreement under which the plant wasbuilt,...