DUBAI Feb 21 Yemen has received investment
offers from oil majors including Exxon Mobil Corp (XOM.N) and
Total (TOTF.PA), Oil Minister Amir al-Aidarous said in remarks
published on Saturday.
Yemen's Ministry for Oil and Mineral Resources has received
eight oil investment bids from international companies, pan-Arab
daily al-Hayat quoted Aidarous as saying, four of which were
from oil majors seeking direct negotiations with Yemen.
The companies include Exxon Mobil, Total, and BP (BP.L), the
minister said, but did not elaborate on the nature of the
Other companies that made bids included Austrian oil and gas
group OMV (OMVV.VI), Nexen NXN.TO, and Occidental (OXY.N), he
Aidarous said Yemen, as part of measures to encourage
investments in its oil industry, would raise the state's share
in production costs. The higher revenue from the increased
government participation would offset the decline in oil prices,
Yemen exports about 200,000 barrels of oil per day.