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President meets with a number of women leaders in Sanaa
[18 March 2018]
President stresses on coordinating int’l orgs’ efforts in Yemen
[17 March 2018]
Arrest two tons of drugs
[11 March 2018]
Presidential law approves Arab Anti-corruption Convention
[10 March 2018]
President calls for normalizing situations in Bani al-Harith district
[07 March 2018]
  Saudi Aggression War against Yemen
Dozens of mercenaries killed in Marib
[20 March 2018]
22 Saudi-led coalition air strikes hit five provinces
[18 March 2018]
Army's artillery and rocket targets Saudi mercenaries in Jawf
[18 March 2018]
Army attacks Saudi-paid mercenaries’ positions in Taiz
[18 March 2018]
Aggression coalition's jets wage 28 raids on 3 provinces, Jizan
[18 March 2018]
Army carries heavy losses in enemy ranks, it's mercenaries
[18 March 2018]
Saudi-US aggression war jet launch 26 raids on number of Yemeni provinces
[17 March 2018]
Report: Dozens of Saudi soldiers, mercenaries killed in military operations over past 48 hours
[12 March 2018]
8 civilians killed, 13 injured in Saudi airstrikes on Yemeni provinces
[09 March 2018]
Report: Army attacks against Saudi troops over 24 hours
[22 February 2018]
Official warns against using Yemen as int’l conflict field
[17 March 2018]
Yemen's FM meets with new UN envoy
[13 March 2018]
WHO Cargo plane arrives to Sana'a airport
[12 March 2018]
FM meets Resident Representative of ICRC
[12 March 2018]
FM discusses UNICEF's role in mitigating aggression effects on Yemen
[11 March 2018]
YPC to start direct importation of fuel

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.

  more of (Economy)
UPDATED ON : Tue, 20 Mar 2018 02:05:54 +0300