Ukraine-Yemen Oil Cooperation [Archives:2001/12/Local News]

March 19 2001

Ukrainian Radio reported on Monday that Ukrnafta, a joint stock oil-extracting company is to conduct drilling for oil in Yemen on concession conditions.
Expert estimates confirm that the cost of drilling at sites such as the site in Yemen is one-third the cost of extracting oil in Ukraine. Several draft projects to transport extracted oil to Ukraine are being considered including substituting it for Russian oil.