OMV OFFER TO BUILD $ 60-MILLION PIPELINE IN YEMEN

SANA'A, Dec. 26 (Saba) - The Austrian Company OMV has handed its
bids for building a fuel pipeline in Yemen at a cost of $ 60
million, almoatamar.net has reported.

Doing so, the company suggested that international engineering
companies hand their technical and commercial proposals before
January 19th 2010.

The proposed oil pipeline is 60 km long, extending from the Haban
oil field in central-west Yemen to exporting facilities in southern
Yemen.

Building this pipeline is part of a continuous monitoring plan to
increase oil production at the Haban well in the bloc S2 from 11.000
barrels to 32.000 barrels a day by the end of 2010.

It is worth to mention that the OMV holds 44 percent at the block
S2.

China's Sinopec holds 37.5 percent, the Yemen Petroleum and Gas
Company holds 12.5% and the Yemen Resource Limited holds 6 percent.

FR