An oil agreement between Yemen and China

The Sanaa Ministry of Oil and Minerals signed Saturday a memorandum of understanding (MoU) with China's Antonoil oil company and a representative of the Chinese government to invest in oil exploration in Yemen. The MoU was signed "after many negotiations and coordination with several foreign companies to convince them to invest in this field in light of the available investment opportunities and the advantages and facilities that investment companies will enjoy in this vital and important sector," the SABA news agency reported.