Friday, 28-July-2017 17:47
 
no comments in "Economy"
Economy
Tuesday, 12-August-2008
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. 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.

More from "Economy"

Other titles:
Wednesday, 19-July-2017
The army and popular forces killed and wounded dozens of Saudi-paid mercenaries when the national forces launched an attack and stormed in Nehm area of Marib province, a military official said on Wednesday
Wednesday, 19-July-2017
Saudi aggression warplanes launched on Tuesday three airstrikes on Serwah district in Mareb province.

Meanwhile, the Saudi-paid mercenaries' artillery pounded citizens' houses and agricultural farms in Wadi al-Rabeah, al-Matar and Souk Serwah, a local official said.
Tuesday, 18-July-2017
At least 20 civilians were killed or injured on Tuesday in the US-Saudi aggression airstrikes on Mawza'a district in Taiz province.

The Saudi aggression warplanes targeted the internally displaced persons' houses in the district with three raids, killing and injuring 20 in an initial toll, a local official said .
Tuesday, 18-July-2017
The rocketry units of the army and the popular forces fired Katyusha rockets on gatherings of Saudi-paid mercenaries at al-Hazm city in Jawf province, a military official said Tuesday.

The shelling caused large casualties upon the mercenaries, the official added.
Tuesday, 18-July-2017
vA child was wounded in a Saudi cluster bomb in al-Safra district of Saada province, a local official said on Tuesday.

The bomb was dropped by the Saudi warplanes on
Tuesday, 18-July-2017
The army and popular forces repulsed an attempt of Saudi-paid mercenaries to infiltrate toward Mokha district of Taiz province, a military official said on Tuesday,

Dozens of the mercenaries were killed and wounded, as well as six UAE military vehicles were bombed in a Khalid camp during the operation.
Tuesday, 18-July-2017
Saudi fighter jets waged two raids on Hmdan district of Sanaa province overnight, an official said on Thursday.

The raids caused heavy damage to citizens' houses and farms.
Monday, 17-July-2017
Saudi aggression warplanes waged on Monday two air raids on Dhawar area in Serwah district in Mareb province.

A security official said that the hostile warplanes targeted a bulldozer which destroyed it completely.
Monday, 17-July-2017
Saudi aggression coalition warplanes launched six strikes on the capital Sanaa early on Monday, an official said.

The airstrikes hit al-Dailami air base, which is close to the civil international airport, causing heavy damage to the civil airport, nearby citizens'

who we are     |    Advertising     |    contact us
All rights reserved © Almotamar Net, Developed by