VOL XL

No. 03

20-January-1997

YEMEN

Yemen Signs Production Sharing Agreement With TheUK's Dove

The Yemeni Ministry of Oil and Minerals signed on 13January a production sharing agreement covering Shabwa block No. 53 with a joint venturecomprising the British firm Dove with a 75% equity interest and the state-owned YemenGeneral Corporation for Oil and Gas (YGCOG) holding the remaining 25%. This is the secondexploration agreement in which the Yemeni Government has entered into a joint equity...