Yemen govt rejects Zenith Netherlands oil acquisition

AL-MUKALLA, Yemen: The internationally acknowledged authorities of Yemen has flatly denied a press release by worldwide oil firm Zenith Netherlands concerning the acquisition of oil fields managed by OMV in Yemen’s southern province of Shabwa, saying that the corporate is ineligible to amass oil belongings within the nation.

Yemen’s Oil Ministry mentioned that it had not licensed the sale of OMV oil amenities in Yemen to the Dutch firm, accusing each corporations of releasing “deceptive” data.