Yemen News Agency (SABA)
Home      Local   International   Saudi Aggression War against Yemen   About Yemen   Civil Society   Economy   About Saba  
Search | Advance Search
 
  Local
Republican decree appoints minister of interior
[13 December 2017]
FM, UN Humanitarian Coordinator discuss cooperation aspects
[13 December 2017]
President, FM reviews national, international developments
[10 December 2017]
President meets sheikhs, dignitaries of Mahweet province
[10 December 2017]
President, PM discuss current situation on national scene
[09 December 2017]
 
  Saudi Aggression War against Yemen
Army inflicts heavy losses upon mercenaries in Nehm front line
[16 December 2017]
Army attacks Saudi-paid mercenaries in Marib
[15 December 2017]
US-Saudi air strikes kill 2 women in.Saada
[15 December 2017]
Army attacks mercenary sites in Marib
[15 December 2017]
Over 50 aggressive airstrikes kill 23 civilians in Taiz and Saada
[15 December 2017]
 
  Reports
Feature: Untold story on Yemen's tourism, green, peaceful city, safe home for all IDPs■
[12 November 2017]
Report: 49 Yemeni civilians killed in 212 Saudi aggression airstrikes in six days
[05 April 2017]
Roundup: 1107 Saudi airstrikes kill 135 Yemeni civilians in March
[29 March 2017]
Roundup: Saudi kills 15 Yemeni civilians in 112 airstrikes on Yemen in 3 days
[25 March 2017]
Report: Saudi kills 68 in 301 airstrikes on Yemen in 7 days
[23 March 2017]
 
  International
Yemen strongly condemns terrorist attack in Egypt
[25 November 2017]
President al-Sammad sends condolences to Sisi over deadly attack on Egypt mosque
[25 November 2017]
FM meets WFP official
[03 October 2017]
FM meets Russian charge d'affaires
[03 October 2017]
Yemen strongly condemns Las Vegas terrorist attack
[03 October 2017]
  Economy
YPC to start direct importation of fuel
[27/December/2014]

SANA'A, Dec. 27 (Saba) - Yemen Petroleum Company (YPC) plans to start importing oil derivatives in a move that will save tens of millions of dollars annually to the state treasury.

The oil products importation has been carried out by Aden Refinery Company for many years.

YPC started this move recently by announcing an international tender for importing petroleum products through its storage facilities in the ports and the provinces to cover part of the local market needs for the period (February-March- April).

"Importing oil derivatives directly by YPC will provide to the state treasury about $ 25 million monthly, which was spent for storage and transport charges and others", YPC's Executive General Manager Ali al-Taifi told Saba.

Al-Taifi explained that the company is intend to set up facilities to increase the storage capacity of petroleum materials, including a petroleum facility with a capacity of 105 tons in Ras Issa Port, Hodeida province, at a cost of $ 41.5 million.

The YPC has several ports and tanks in a number of provinces, which qualifies it to be the main importer of fuel in the country.

BA
Saba
  more of (Economy)
UPDATED ON : Sat, 16 Dec 2017 01:13:09 +0300