SANA'A, Feb.09 (Saba) - The government approved on Tuesday rescission of all facilities granted to the public and private sectors by the Oil Products Distribution Company in the field of selling petroleum products to the local market and dealing both sectors with cash sale.

This came during the Cabinet's meeting, during which the cabinet discussed the memorandum of Minister of Oil and Minerals on the facilities granted to the public and private sectors and their impact on the financial position of the company.

The memorandum showed the negative effects of the facilities process and the most important of which is the accumulation of debt on the public and private sectors reaching to YR 30 million.

The cabinet authorized the company to stop supply in case of non-compliance with any of these parties to this decision and to collect the debt prior to this decision from the agents, contactors and public sector institutions and the rest of customers immediately and suspend the sale to any defaulting parties.

Moreover, the cabinet directed to cancel any proceedings, agreements, procedures or directives that are inconsistent with the mechanism of implementation of this decision and not to deal with any new exceptions.

BA