SABA - Yemen news agency

Print date: 21-04-2018
Article link: http://www.sabanews.net/ar/news217608.htm
  Economy
Yemen opens four oil blocks for investment
[20/June/2010]


SANA'A, June 20 (Saba)- Ministry of Oil and Minerals handed over on Sunday offers to international oil companies to compete on four oil opening blocks No (80,86,88 and 55).

Amir al-Adarows, Minister of Oil and Minerals said that the deadline to receive replies of the companies is a month since they receive the offers, adding that these blocks are opened for investment based on desire of international oil companies to invest in.

He made it clear that the ministry would open other three blocks for investment soon.

The minister invited all international companies to direct talks with the ministry, if they desire to invest in the oil blocks in Yemen in conditions that those companies have good financial level and truthful legal position.

AH