SABA - Yemen news agency

Print date: 24-11-2017
Article link: http://www.sabanews.net/ar/news451442.htm
  Economy
Oil Minister: Safer Company is biggest revenue facility in Yemen
[01/January/2017]

SANA'A, Jan. 01 (Saba) - Minister of Oil and Minerals Thyab bin Ma'eili said on Sunday that Safer Exploration & Production Operations Company is the biggest revenue facility in the country and the most important tributary to the national economy.

The oil minister stressed, during chairing a meeting of leadership of Safer company in Sana'a, the need to preserve the centralization and independence of the company financially and administratively.

Bin Ma'elil confirmed his ministry's keenness to solve and deal seriously with the difficulties and problems faced by the company.

He noted to the losses suffered by the national economy sectors, forefront of which the oil and gas sector, as a result of the aggression war and siege.

The meeting discussed the challenges facing the company and direct or indirect damage left by the US-Saudi aggression war and the siege on the company and oil and gas sector.

The company revealed that nearly seven million barrels of oil and gas have been re-injected into wells due to preventing the export of crude oil and liquefied natural gas, which caused significant losses to Yemen.

The acting chief executive officer of Safer company, Amin Zabara, made clear that the company's activities are currently focused on domestic gas production and supplying Mareb refineries with a rate of eight thousand barrels of crude oil per day only.

The company's activities in the production and export of crude oil has stopped entirely, as well as the company's projects, topped by Ras Isa oil storage tanks, Zabara added.

BA