Published on Al Bawaba (http://www.albawaba.com)

Turkish firm to invest $10 million in Yemen oil field

Published July 4th, 2004 - 03:00 GMT

Yemen's Ministry of Oil and Minerals and Turkish Pat Oil Company inked on Saturday a memo of understanding. Under the memo, the Turkish company will invest and explore oil in block #3 in Jardan area o

Yemen's Ministry of Oil and Minerals and Turkish Pat Oil Company inked on Saturday a memo of understanding. Under the memo, the Turkish company will invest and explore oil in block #3 in Jardan area of Hadramout province at a total cost of $10 million. 

 

Advisor of the oil ministry Tawfik Noaman said the Turkish company would drill two wells and make surveys at length of 600km². 

 

According to SABA news agency, the memo was signed by the advisor of the ministry and general manager of the Pat company Myhimat Ali. (menareport.com)

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