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FINANCIAL NEWS
Yemen unveils new oil, gas discoveries
16 Aug 2010
(MENAFN) Yemeni Minister of Oil and Minerals Amir al-Aydarus said that new exploratory works in many oil sectors have given positive indications about availability of oil and gas, Saba reported.
The most of indicators come mainly for the benefit of the availability of gas, especially in the sectors of Hadramout, Shabwa and Marib, al-Aydarus said in a statement.
He pointed out that these indicators on availability of gas with large quantities in research and exploration areas, has made the ministry expedites the preparation of a supplement for the agreements signed with companies working in these sectors to be added to the previous agreements that do not contain gas.
The minister also said that the ministry is now preparing to view the supplement of agreements to the Parliament for discussion and approval, stressing that this trend would make a leap in the exploitation of gas and would enable companies to work on allocating investment amounts to exploit gas.
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