Sat, Nov 16, 2024 | Jumada al-Awwal 15, 1446 | DXB ktweather icon0°C

OMV signs deal with Yemen

Top Stories

DUBAI — OMV, Central Europe's oil and gas group, yesterday announces the signing of a new Production Sharing Agreement with the Ministry of Oil and Mineral Resources of the Republic of Yemen. The new deal enables OMV (Yemen) Al Mabar Exploration GmbH, a wholly owned subsidiary of OMV Exploration and Production GmbH, to conduct exploration and production activities in Block 2 (Al Mabar). OMV will start exploration as operator as soon as the Parliament of Yemen ratifies the contract.

Published: Thu 14 Jul 2005, 10:27 AM

Updated: Thu 2 Apr 2015, 4:39 PM

  • By
  • A Staff Reporter



Next Story