Oil and Gas in Yemen is considered to be one of the major industries in the country and due to this, the employment rate in the field of
Oil and Gas in Yemen is also increasing. The government is also giving stress in the investment for strengthening this industry. Currently, the oil exploration of Yemen is undergoing severe changes. Mainly, during the late 1980s and early 1990s, many of the oil companies contracted the exploration agreements for future benefits and thus government enjoyed a lot of grant at that time. Besides that, many of the good companies gave financial aid for the sake of exploration activities. However, unfortunately not much benefit could be acquired.
Presently some of the small oil companies are investing. The most popular among them are as follows:
- Sun Company
- Nimir
- Elf Petroland
- Crescent Petroleum Company
- Chevron Corporation
- International Petroleum Corporation
- Hunt Oil Company
- Crescent; British Gas
- Shoseki Overseas Oil Development Company
- Union Oil Company of California
- Red Eagle Resources Corporation
- Occidental Petroleum Company
- The British Petroleum Company
- Nimir Petroleum Company
Some among those above-mentioned companies are United States based, whereas some are United Kingdom based. Their contribution in this oil and gas industry is really unforgettable.
