OMSC approves December`s crude sales

SANA'A, Nov. 08 (Saba)- Oil Marketing Supreme
Committee (OMSC) approved in its meeting held on Sunday sales of crude oil for
December
2009 period. The quantity is 4, 8 million barrel.
Presided over by Prime Minister Ali Mujawar, the committee approved selling the
whole available quantity of the crude oil which is produced by Al-Masila oil field
estimated
at 2,4 million barrel.
The selling was conducted on the bases of the best offers submitted by 15 competing
companies.
The committee also approved the formal price of Mareb oil quantity estimated at 2,4
million barrel for the same period on the bases of best offers submitted by five
companies.
Earlier, the committee had reviewed the technical committee's report over
procedural steps on December period's sales, companies' answers and competing
prices they presented
whether over Masila oil or of Mareb, and the process of studying the offers.
The report included also assessment of carrying out oil sales to October and
November's periods.
MA