Saudi Gazette - Crescent prequalifies in Yemen oil exploration:
"Crescent Petroleum, the oldest private oil and gas company in the Middle East, has been prequalified to bid for the oil exploration blocks by Yemen government.
Yemen’s Ministry of Oil and Minerals has selected 18 international oil firms to bid for 20 onshore and offshore blocks in the sixth auction issued by the ministry, out of 45 international firms that had submitted their applications to bid for the blocks, of which 9 are onshore and 11 offshore. The ministry aims to raise its oil and gas output by attracting foreign investments.
Abdullah Al Qadi, Director of Exploration & Production and member of Crescent Petroleum Executive Committee, said: “The licensing round is a great opportunity for Yemen to better explore its oil prospects and raise its current output which will highly benefit Yemen and its people.”"
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