Total to invest $1 bln on oil block in Yemen

SANA'A, Sep. 01 (Saba)-General manager of Total E&P Yemen Mr. Martin
Deffontaines revealed on Tuesday the company's intention to invest
$1 billion to develop the oil block No. 10 in Shabwa province.

Mr. Martin said to the state-run Thawrah daily that the company
plans to increase the oil production from the block to 60000 barrels
per day in 2009.

He explained that the company has shares in the blocks No. 5 - 69 -
71 as well as the largest share in the Yemen LNG Company by ratio of
39.62 percent.

The company signed a partnership agreement with Yemen to product oil
in April 1987.

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For his part, Williams said the IFES will continue to support the
commission to run the elections in 2009.