VOL. XL

No. 25

23-June-1997

YEMEN

US Agency Part-Finances Feasibility Study For New Private Refinery

The US Trade and Development Agency (TDA) agreed earlier this month togrant the sum of $300,000 to the Yemeni firm al-Hashedi Trading and Contracting Company (amajor sub-contractor for oil industry services) to part-finance a feasibility study on theconstruction of a 120,000 b/d private oil refinery in Yemen. The grant is part of a$486,000 technical and economic study to determine the...