VOL.XXXIXNo. 6416-December-1996YEMEN

YemenSigns MOUs With Foreign Exploration Firms For Relinquished Areas The Yemeni Ministry of Oil and Mineral Resources signed lastweek Memoranda of Understanding (MOUs) with threeforeign firms to be followed up later by the conclusion of explorationpermits under production sharing terms. The firstMOU was signed with the US firm Kerr-McGee forexploration in Blocks Nos. 50, 51, and54 in North Hadhramaut. (Incidentally theseblocks, which were not shownon...