| Home | May 2011News | Luce Energy Interested In Yemen Gas Market |
| |
|
|
 Luce Energy Interested In Yemen Gas Market- Luce Energy Interested In Yemen Gas Market
- May 25, 2011
-
Nestled in the southern tip of the Arabian Peninsula, Yemen is highly reliant on oil money, which accounts for 70 percent of the budget. But total reserves amount to about 2.8 billion to 3 billion barrels.
With Yemen's oil revenues plunging, the government's push into the gas market seemed like an economic saving grace for a state wracked by poverty and terrorism.
Nestled in the southern tip of the Arabian Peninsula, Yemen is highly reliant on oil money, which accounts for 70 percent of the budget. But total reserves amount to about 2.8 billion to 3 billion barrels.
In recent months, the government has tried to spark foreign interest: A delegation from Indonesia visited Sanaa, the Yemeni cap...
- View more at: http://www.1888pressrelease.com/luce-energy-interested-in-yemen-gas-market-pr-305263.html
|
Previous