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Reliance Industries Ltd Announces Sale Of Entire Stake In Block-9 In Yemen For $90 Million-The Economic Times

Wednesday, 5 Dec 2012 10:11am EST 

The Economic Times reported that Reliance Industries Ltd has sold out entire stake in an exploration block in Yemen to PT Medco Energi Internasional of Indonesia for about $90 million and has concluded the transaction, which was announced in January. Block 9 is located in the province of Hadramaut, Republic of Yemen, about 350 kilometers north-east of the Yemeni capital, Sana'a. The Block, which is located within the Sayun-Masila Basin, has an area of 2,234 square kilometers, in which some of area has previously been explored. 

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