VOL. XXXVIII
NO. 45
7-AUGUST-1995
Yemen
Cost Recovery Oil For Total's East Shabwa Block Raised To Maximum Of 70%
MEES learns that last week Yemen's parliament approved an increase in theprovision for cost recovery oil for Total's East Shabwa Block from the present40% to a maximum of 70% over an eight-year period. The adoption of this new costrecovery rate, the highest yet recorded in Middle East production sharingagreements, reflects a policy move on the part of the Yemeni Government to adaptthe...
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