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Yemen signs five oil contracts
Yemen, Economics, 3/26/1998
The Yemeni news agency (Sabaa) said the Yemeni government on Wednesday signed four agreements on oil excavation and production shares in the province of Hadramout.
The agency said two agreements were signed with the British Oil and Gas Mine company and two other agreements with Brazilian Petro-bus and a Hungarian company.
In 1996 Yemen's total oil revenues were estimated at US $1.929 billion, of which Yemen's share was US $904 million and the rest went to the producing companies, al-Nahar reported.
Previous Stories:
Yemeni economy conference in Sanaa at end of March
(3/4/1998)
Yemen will join the international commercial organization
(2/25/1998)
Yemeni citizens the poorest in the world
(2/21/1998)
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