SABA - Yemen news agency

Print date: 13-12-2017
Article link: http://www.sabanews.net/ar/news382253.htm
  Economy
YPC denies receiving Gov't's directives to not import fuel
[30/December/2014]

SANA'A, Dec. 30 (Saba) – Yemeni Petroleum Company (YPC) denied on Tuesday what was reported by some news websites about governmental directives obliging the company to not import oil derivatives.

"What was published in this regard is incorrect", an official source at the company said to Saba.

The company's decisions emanate from the position of responsibility entrusted to it and based on the institutional work that falls within the framework of the policy of the Oil Ministry and the national competencies government, the source added.

The source explained that both YPC and Aden Refinery Company are national institutions and the existing cooperation between them is based on an integral policy aiming to serve the national economy and to secure the citizen's need of oil derivatives.

On Saturday, the YPC announced its intention to start importing oil derivatives directly, after this task has been carried out by Aden Refinery Company for many years.

This move will provide to the state treasury about $ 25 million monthly, according to YPC's Executive General Manager Ali al-Taifi.

BA