VOL. XL
No. 27
7-July-1997
YEMEN
Joint Venture Yemeni-British Lubricants Marketing Company Established
A new lubricants marketing company, capitalized at $1mn, has been established in theYemen between British Petroleum (BP) and the local Thabet Group with BP holding a 44%equity position and the local firm the remaining 56%. The new firm - named theBritish-Yemeni Lubricants Marketing Company (YBLMC) - will distribute throughout the Yemenpremium quality lubricants for automotive, industrial and...
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