Middle East Economic Survey
Total Signs MOU With Yemen For Exploration In Shabwa Province
Yemens Ministry of Oil and Minerals has signed an exploration memorandum of understanding (MOU) with Frances Total, state news agency SABA announced on 10 February. Under the agreement, the French company will invest $32mn in two stages on exploration in Block 85 in the southeastern Shabwa province, and will drill at least four exploration wells. The agreement...