Article

2012-10-26 Arabia

Mayor of Yemen's Capital Escapes Assassination

The state news agency Saba quoted a statement by President Abdrabu Mansour Hadi during a meeting with the French ambassador to Sanaa, Frank Julie, as saying on Wednesday the Yemeni government will be ready to deal with oil firms transparently through the internet.

"Yemen is very rich in oil, gas and minerals, and to encourage firms to invest in its wealth, the country is open to handle deals through the internet and without a broker or pedigree," Hadi said.

He urged Total to expand operations and increase output at its concessions to help Yemen, which is in dire need for help in all areas amid the current extraordinary circumstances.

Earlier, Yemen's oil minister, Ahmed Dares, urged Chinese Sinopec Group to expand its exploration operations and to resume the activities which were halted in the wake of the last year's turmoil, according to Saba.

Sinopec revealed plans to acquire shares in producing blocks within its expansion program in Yemen, Saba said.

"The operations at the exploration block 71 are continuing and there are promising signs on this block," it quoted chairman of Sinopec as saying.

Posted by Fred 2012-10-26 00:00|| || Front Page|| [11131 views ] Top
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