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...