http://www.english.hadhramaut.info Yemen, KNOC discuss oil, gas exploration cooperation [The Source: www.sabanews.net - 18/12/2008] Prime Minister Ali Mujawar discussed here on Wednesday with chairman of the Korean National oil Corporation (KNOC) Kee Young-Won the ways to expand the company's activities in the oil and gas exploration in Yemen country.
The KNOC's chairman said the company is currently exploring for oil in 17 and 7o blocks, pointing out the daily production of oil in the 4 Block will increase from 100 barrels to 20000 barrels.
He appreciated the Yemeni government's efforts to offer facilities to the KNOC Company for developing and expanding its exploration activities.
For his part, Mujawar praised the efforts of the company to increase the oil production rate in the coming year 2009 which would reach 20,000 barrels per day.
The Yemeni Prime Minister affirmed the government's readiness to offer all facilitations and support to the company for improving the partnership between the country and the company.
He asked the Korean company to expand its activities of the oil and gas exploration in the maritime blocks of Yemen.