VP welcomes expanding oil, gas exploring activities

SANA'A, Dec. 16 (Saba) - Vice President Abdu Rabu Mansor Hadi
welcomed on Tuesday expanding activities of exploring and drilling
oil and gas throughout the country.

During his meeting with the chairman of the Korean National oil
Corporation (KNOC) Kee Young-Won, Hadi showed the government's
readiness to offer all facilitation and support to improve the
partnership between the country and the company to release the
common interests.

He hailed the prompting activities to accelerate the production
process.

The KNOC's chairman asserted the company eagerness to improve the
production in the coming year 2009 to reach 20,000 barrel per day,
noting that increasing the company's investment in the field would
gain rapid profits due to the promising indicators.

The Korean National oil Corporation (KNOC) works in four blocks for
exploring and drilling oil with a capital of $ 100 million.