By Ayesha Daya and Glen Carey
Nov. 1 (Bloomberg) — Yemen, the smallest oil producer in the Persian Gulf, could triple its hydrocarbons reserves by developing its offshore oil fields with help from international companies, the country’s oil minister said.
“We have 10 billion barrels of oil in place based on the areas currently in production,” Khaled Bahah said today in an interview in Dubai. “Studies made a decade ago in the Red Sea areas suggested 22 billion barrels of hydrocarbons in place.”
Yemen, on the southern tip of the Arabian Peninsula, is keen to attract foreign expertise to revive oil production that has fallen to about 328,000 barrels a day. The country’s oil production peaked at about 471,000 barrels a day in 2001, according to BP Plc’s Statistical Review of World Energy.
The country seeks to attract as much as $1 billion in initial investments for 11 offshore blocks it’s offering for exploration in the Red Sea, the Gulf of Aden and around the island of Socotra, Bahah said. Total investment could surpass $10 billion if hydrocarbons are found, he said.
Royal Dutch Shell Plc, Occidental Petroleum Corp. and Nexen Inc. were among 42 international oil companies to attend Yemen’s exploration licensing presentation in Dubai yesterday. Those companies may invest in Yemen because of the shortage of worldwide reserves, limited access to deposits and high oil prices, Bahah said.
Bigger producers in the Middle East, such as Saudi Arabia, have forbidden foreign companies access to their oil resources, which are tapped instead by state-run monopolies.
To contact the reporters on this story: Ayesha Daya in Dubai at [email protected] ; Glen Carey in Dubai at [email protected]
Last Updated: November 1, 2007 04:15 EDT
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
