VOL. XL
No. 33
18-August-1997
YEMEN
Hyundai To Acquire Equity Share In YLNG Venture
MEES learns that the Yemeni Ministry of Oil and Natural Resources and SouthKorea's Hyundai signed a memorandum of understanding (MOU) last month providing for theKorean firm to acquire an equity share in the Yemen Liquefied Natural Gas (YLNG) venture.It is understood that a final agreement is still pending, awaiting the conclusion ofnegotiations on further details between the two parties. A new round of talks...
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