Yemen offers oil fields for international investment

Published April 2nd, 2013 - 07:37 GMT
Yemen has announced five new oil fields for international investment
Yemen has announced five new oil fields for international investment

The [Yemeni] Ministry of Oil and Minerals announced  five new onshore and offshore oil sectors for investment to international companies.

The five blocks are distributed on four onshore blocks include Jawf block 19 in the basin of Sabatain, and North Balhaf block 28 in the basin of Balhaf, and Rayan block 57 in the basin of the Empty Quarter, and the block 58 in the basin southwest of the Empty Quarter, and the onshore - offshore block (Aden - Abyan)17 in the sedimentary basin of Ade - Abyan.

Minister of Oil and Minerals, Ahmed Abdullah Daris, said to Saba  on Monday that this move come after the continued requests that rolled on the oil ministry by the oil companies that have expressed interest in acquiring the concession in a number of the blocks mentioned above or the 15 blocks that have been announced earlier.

Dares called on the international oil companies wishing to acquire the concession in the new five oil blocks or the 15 blocks to apply for these blocks to the Ministry during the period up to May 15, 2013.


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