Specialized consultant help sought for,Yemeni Gas Project feasibility study [Archives:2005/834/Business & Economy]

Mahyoub Al-Kamaly
In a recent meeting held by the supreme council for Oil Affairs chaired by Prime Minister Abdulqader Bajammal, it has approved the seeking of help of a foreign consultant to complete aspects of financial and economic analysis, the volume of financial and monetary influx over years of the project implementation and the confirmed and probable benefits to be gained from the vital economic and investment project.

The council has also studied the legal status of the company and its economic performance in order to restructure its in compatibility with the new functions of the company and the developments the oil sector has witnessed.

The Council has also discussed a report offered by the ministry of oil dealing with the status of Iyad sector No.4 at Bilhaf area, the governorate of Shabwa. It has instructed the ministry to publish an official announcement inviting an investor to establish a common company for investment in production and development of the oil field of that sector, provided that there must be a help sought from a consultant to help analyze bids that would be submitted to this purpose.
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