VOL. XL

No. 10

10-March-1997

YEMEN

Yemen Approves New E&P Agreements With Canadian, Hungarianand Indonesian Firms

Yemen's Ministry of Oil and Minerals and Canada's CalValleyPetroleum signed a production sharing agreement on 23 February for the 4,728-sq. kms.Malik Block 9 between Shabwa and Hadhramaut which was relinquished earlier by British Gas.The Canadian firm had signed an MOU last December for two blocks, 9 and 39, but approvalhas been received for only one block. Yemen also signed...