VOL. XXXVIII

NO. 34

22-MAY-1995

Yemen

Yemen Plans To Amend Terms Of Production-Sharing Agreements

MEES learns that the Yemeni oil authorities are currently holding talks withforeign firms operating in the country among them Nimir, Clyde and British Gas with a view to amending the current production-sharing agreements to make themmore attractive to the companies. The majority of the present contracts weresigned in 1991, basically for the Shabwa blocks, and their tough terms weredrafted with giant...