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...