Sana’a, Beijing Sign Oil Exploration Deal in Yemen

Date: 21 May 2023 - 22:29

News ID: ۱۱۵۲۶۲

SANA’A (Dispatches) –
Yemen’s Sana’a-based government and representative of the Chinese government, as well as Anton Company, have signed a memorandum of understanding in the capital Sana’a to invest in the field of oil exploration in Yemen.
According to the Minister of Oil and Minerals, Ahmed Daris, the memorandum of understanding came after many negotiations and coordination with several foreign companies to invest in vital and important sector, in light of the available investment opportunities and the advantages and facilities that will serve these companies.
The minister welcomed the investment companies in the field of oil sector of Yemen, stressing the government’s keenness to provide facilities to encourage investors.
He called on all international companies to visit Yemen to see the ingredients, investment opportunities, advantages and facilities that will serve their investments.
“There are many ongoing negotiations with several international companies to enter and invest in the field of oil exploration in Yemen”, the minister added. “Work will be done to put the final touches to sign memorandums of understanding with them.”
He warned foreign companies against dealing or concluding any contracts with the coalition-backed former officials, calling for the oil companies operating in Yemen to the need to adhere to production sharing agreements and all circulars and directives issued to them by the Sana’a’s ministry of oil since 2018.
Saudi Arabia invaded Yemen in March 2015 in collaboration with a number of its allies and with arms and logistical support from the United States and several other Western states.
The objective was to return power to Yemen’s former Riyadh-backed regime and crush the popular Ansarullah resistance movement, which has been running state affairs in the absence of a functional government in Yemen.
While the Saudi-led coalition has failed to achieve its objectives, the war has killed hundreds of thousands of Yemenis and spawned the world’s worst humanitarian crisis.