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Yemen to offer rights to 15 hydrocarbon blocks
- Yemen: Sunday, September 05 - 2010 at 09:54
Yemen's oil minister, Amir al-Aidarous, has said announced that the country plans to offer next month the rights to develop 15 offshore hydrocarbon blocks as it seeks to boost production, Bloomberg has reported. Yemen will offer the blocks to international companies during a two-day conference in Sana'a in October, he said. A lack of exploration activity over the last ten years caused the production drop, al-Aidarous said. "There is a decline not because of the non-availability of oil, but because of the absence of an exploration vision," he noted
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StaffSunday, September 05 - 2010 at 09:54 UAE local time (GMT+4)
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