Almotamar.net - SOCO Oil and Gas Company announced Thursday that its profits rose despite the drop in its oil production. The company mentioned on its website that its oil production dropped in 2007 in east Shabwa area in Yemen as a result of expansion in development of production capacity and injection in the field of east Shabwa in Yemen.
The company said its production of oil dropped from 6766 bpd in 2006 to 6316 bpd in 2007. It said despite that production it is optimistic about its future in realizing a high growth as a result of the explorations it is going to carry out in West Africa and Vietnam.
The company's profits from its production in block 10, east of Shabwa jumped from $76.48 million in 2006 to $98.42 million in 2007.
The company also said it intends to sell some of its assets in Yemen to Sinochem Company for $465 million.
A Saudi aggression fighter jet targeted a citizen's car driving in Fara area of Kutaf district in Saada province overnight, killing the driver and injuring his friend, a security official said on Monday.
Scores of Saudi enemy soldiers were killed and injured on Sunday when the army and popular forces repelled a Saudi military attempt to sneak into Shurfah site in the border province of Najran, a military official said.
The operation was accomplished successfully against the Saudi
Saudi aggression warplanes have launched more than 49 airstrikes over the past hours on several residential areas across Yemen, a security official said on Sunday.
The airstrikes targeted the areas of Malahiz and Husama in Dhahir district, and areas Thuban, Masahif and Sdad in Bakim district of northern Saada province.