VOL. XXXIX

No. 48

26-August-1996

YEMEN

BP And Yemen Sign Fuel Supply Contract For Aden Airport

The local subsidiary of British Petroleum, BP Oil Yemen Ltd., and Yemen Petroleum Company (YPC) have signed an agreement to operate and manage the refuelling depot and facilities at Aden international airport. The contract paves the way for a phased investment by BP in new facilities at the airport, amounting to $2mn, which will qualify the company for benefits under the Yemeni investment laws...