Free Aden

Towards The Liberation of South Arabia

    Advertisements
  • June 2009
    M T W T F S S
        Jul »
    1234567
    891011121314
    15161718192021
    22232425262728
    2930  
  • The Real Story Behind South Arabian Revolution.

  • See How Yemeni’s Can Be Racist

  • RSS Latest News

    • This RSS feed URL is deprecated February 20, 2018
      This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
    • European Diplomats Seek to Curb Iran Actions in Yemen, Syria - Wall Street Journal February 19, 2018
      Wall Street JournalEuropean Diplomats Seek to Curb Iran Actions in Yemen, SyriaWall Street JournalIran's Deputy Foreign Minister Abbas Araghchi met over the weekend with senior European diplomats in Munich to discuss the conflict in Yemen. Above, he is shown at a press conference in Tehran in 2017. Photo: Vahid Salemi/Associated Press. By. Laurence ...a […]
    • Yemen: Cholera Response Weekly Epidemiological Bulletin: W6 2018 (Feb 05-Feb 11) [EN/AR] - ReliefWeb February 19, 2018
      ReliefWebYemen: Cholera Response Weekly Epidemiological Bulletin: W6 2018 (Feb 05-Feb 11) [EN/AR]ReliefWebThe cumulative total from 27 April 2017 to 11 Feb 2018 is 1,059,970 suspected cholera cases and 2,258 associated deaths, (CFR 0.21%), 1104 have been confirmed by culture. 59.3 % of death were severe cases at admission; The total proportion of severe ...a […]
  • Recent Posts

  • Number of Visitors

    • 9,665 visitors

S.Korea firms offer to sell Yemen oil fields- report

Posted by FREE ADEN on June 25, 2009

SEOUL, June 23 (Reuters) – A South Korean consortium is offering to sell stakes in its oil fields in Yemen, estimated to hold 36 million barrels of crude reserves, a report said on Tuesday.

Online news outlet MoneyToday cited unnamed industry sources as saying that state-run Korea National Oil Corp (KNOC), Hyundai Heavy Industries (009540.KS) and Hanwha, a chemicals-to-brokerage group, were offering 47.5 percent of their stake in the fields.

Hyundai Heavy invested 31.1 billion won ($24.10 million) in the fields, while Hanwha invested 10.3 billion won at the time of signing a joint operating agreement with Yemen in 2007.

Market players estimated the stakes would have a value of around $50 million, the report said.

But KNOC said it had not made any decision regarding the four fields in Yemen, although it was looking into reorganising its asset portfolio. (Reporting by Angela Moon; Editing by Chris Lewis)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: