Almotamar.net - An arbitration body of the International Chamber of Commerce in London rejected on Monday a lawsuit filed by the Yemeni Company for Explorations and Production, owned by the American Exxon Mobil and Hunt companies against the Yemeni government regarding the alleged extension for five years of a production sharing agreement in oil block Safir after the agreement defined for 20 years.
The International Arbitration Body approved in its judgment issued Monday that the production sharing agreement concluded between the Yemeni Company for Exploration and production, owned by the American Exxon Mobil and Hunt, and Yemen expired practically on 14 November 2005.
The verdict stipulated rejection of the lawsuit on the alleged extension of the agreement for other five years after the end of the agreement period. The Yemeni government supported its commitment to the judgment of the International Chamber of commerce Court No. 122.
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.