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Five oil blocks open for bidding in Yemen
- Yemen: Tuesday, September 18 - 2012 at 12:47
International companies have received invitations from the Yemeni government to bid for exploration and development rights in five oil blocks around the country, as it gives top priority to building up its oil output and reserves, Reuters has reported. The blocks on offer are 6, 15, 84, 85 and 102, which are located in the al-Saba'ateen basin, the Say'un-Masila basin, and the basin of Mukalla-Sayhoot. "Increasing oil production and reserves through expanding exploration blocks... is a top priority for Yemen at the moment," said Yemen's newly appointed oil and minerals minister, Ahmed Dares.
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