VOL. XXXIX

No. 41

8-July-1996

YEMEN

Yemen 3Q Price Formulas; China's Zhenhai Refinery Joins List Of Crude Customers

MEES learns from Yemen's Crude Oil Marketing Department that China's Zhenhai refinery has been added to the list of term customers for Marib crude, lifting 15,000 b/d in the third quarter. All of the government's 30,000 b/d share of Marib crude exports go to China, while the remaining 70,000 b/d of its share of output is processed at the Aden refinery. The Marketing...