Zenith Energy Ltd., an international energy production and development company, said Monday it terminated the share purchase agreement ("SPA") with OMV Yemen Block S 2 Exploration GmbH.The company justified its withdrawal from the agreement, saying, "the conditions required for completion of the SPA...
The Austrian OMV company operating in Shabwa province in South Yemen will lay off two hundred employees starting next year, 2024, a local source told Sheba Intelligence. This workforce reduction comes in line with the continued cessation of oil exports since last year. According...
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