PM holds meeting with managements of YGC, Safer Oil Co.

Trade Minister Discusses Cooperation with WTO Director-General

Minister of Industry and Trade, Mohammed Al-Ashwal, met with the Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, on the sidelines of the 16th session of the United Nations Conference on Trade and Development (UNCTAD)

Bulgaria's Tourism Minister Emphasizes Sustainable Development

Bulgaria's Tourism Minister Miroslav Borshosh emphasized the importance of integrating the tourism sector into blue and green economies to ensure sustainable development and environmental protection. Speaking at the Black Sea 2030: Partnership for a Sustainable Future International Forum, Borshosh highlighted the need for joint efforts among the state, local authorities, and businesses to protect the coastline and stimulate innovation.

Turkish Central Bank lowers interest rate to 39.5 percent

The Central Bank of Turkey lowered today, Thursday, the interest rate by 100 basis points from 40.5 percent to 39.5 percent on one-week repo operations.

Morocco wins Under-20 Youth World Cup title

The Moroccan national team won the FIFA U-20 World Cup title after defeating Argentina 2-0 in the final of the tournament hosted by Chile.

Last Update: ، 2025/10/25 Time 12:56:56
Latest News:

Prisoners' Authority Condemns Houthi Rulings to Execute 3 Civilian Detainees and Imprison 14 Others

Al-Eryani welcomes UN decision to evacuate its foreign employees from Sanaa, calls for protection of ..

Dr. Abdullah al-Alimi meets with Korean Ambassador to Yemen

Ambassador al-Arada discusses with Mauritanian Defence Minister strengthening bilateral cooperation

Chargé d'Affaires Ba'akr Discusses Economic Cooperation with Syrian Minister

PM holds meeting with managements of YGC, Safer Oil Co.

[07/11/2018 04:16]

ADEN-SABA
Prime Minister Dr Ma'een Abdulmalik held a meeting Wednesday brought together the managements of the Yemeni Gas Company (YGC) and Safer Oil Company. The Minister of Oil and Mineral, Chairman and Members of the Economic Committee and Governor of Yemeni Central were also in attendance.

The session aimed to explore increasing oil and gas production as key source for the state's budget financial revenues of foreign currency.

The Prime Minister said" Government is intended to work on increasing oil and gas production which make up 70% of the state general budget's sources and 65% of the total amount of the country's exports".

Dr Ma'een added" President Abd Rabbu Mansour Hadi ordered to resume operating and developing oil sector given that it is a backbone of national economy".

For his part, Chief Executive of YGC Anwar Salim provided a detailed report about the Co. operation over the past couple of years, citing efforts to secure cooking gas supplies to the population all over the country including militia-controlled provinces.

Anwar reported that the Co. has worked hard to cope with the burdens created by Houthi militia and the militia's attempt to take control over the Co. He stated that the militia took control over the gas portion produced from Safer which counted 75 Gas Trailers per day." The militia gave six thousands new licenses of gas trailers and 220 new gas stations, replaced former agents with new ones loyal to the militia", said Anwar.

He stated that the YGC distributes the provinces' portion of cooking gas on the basis of total population of every province, taking into account the movement of Internally Displaced Persons.