Crude oil sales for next October approved

SANA'A, Aug.10 (Saba) - Higher Committee
of Crude Oil Marketing chaired by Minster of Oil and Minerals Amir al-Aydarus
approved here
on Monday sales of crude oil for next October 2009 at total quantity of 5 million
barrels.
The committee endorsed selling 2.7 million barrels of Masilah crude oil according
to the best bid presented by the competing companies, which is limited at the price
of
Brent added to $0.18 per barrel at quantity of 1.8 million barrels, provided that
the left quantity of 900,000 barrels would be sold at the same price mentioned
above.
Regarding Marib oil, the committee approved selling a quantity of 1.7 million
barrels and further 600,000 barrels according to the best competitive offers which
are specified
at the price of Brent at decrease of $.48 per barrel.
The committee had got acquainted with the report of the technical committee on the
aspects related to carrying out the crude oil sells of July, August and September
2009.
The report also included the problems related to the storage capacity for the next
three months which resulted from the regular maintenance for the storing
facilities, as
the committee directed preparing a complete report in this respect.
BA