YemenOnline - Voice of Yemen : Yemen: Nexen Inc Company invests US$ 101 million in Yemen during the year 2008

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Yemen: Nexen Inc Company invests US$ 101 million in Yemen during the year 2008
YemenOnline. Feb 15, 2009 - Nexen Inc invested approximately US$ 101 million in oil exploration in Yemen during the past year in 2008,. Asserting that its assets in Yemen remain high, Nexen Inc declared on its Web site that its oil reserves are (12) million barrels, and that it is expected that the annual production for the current year 2009 would be 40000-45000 barrels of oil.