Yemen Cancels Red Eagle's Agreement for Block No. 13
The Yemeni Ministry of Petroleum and Mineral Resources has decided to cancelthe production sharing agreement concluded in July 1992 with the US firm RedEagle for the 7,417-sq. km. Block No. 13 (the al-Armah block), which liesadjacent to Nimir Petroleum's al-Furat Block No. 33 and north of CanadianOxy'sMasila Block No. 14 where substantial oil discoveries have already been made (MEES,22 June and 20 July 1992)....