The Yemen Petroleum Company (YPC) is a state-owned oil company whose official mission is to explore, produce and distribute oil and gas resources in Yemen. The company operates under the supervision of the Ministry of Oil and Minerals.
And to meet several indications, the company has the ability to achieve high revenues through the sale of oil and gas resources, which is a major source of income for Yemen. The company plays a vital role in the country’s economy, as it is responsible for managing the country’s oil and gas resources, promoting their development, and ensuring their sustainable use.
President Al-Zubaidi expressed his interest in Yemeni oil as a way to boost the economy of the southern governorates and Aden, which have faced many challenges including political instability and economic difficulties. The Southern Transitional Council believes that Yemeni oil can play an important role in promoting economic growth.
-Yesterday, Thursday, President Al-Zubaidi met with the CEO of the company to discuss ways to strengthen and develop the company, and to explore its problems. The meeting also aims to address issues related to oil production and distribution, as well as ways to improve the efficiency of YPC operations.
-President Al-Zubaidi also stressed the importance of stabilizing supply, as Yemeni Oil assumes the task of storing and distributing oil derivatives and transferring them to the parties dealing with the branch and those wishing to obtain oil derivatives, either by means of transportation (locomotives) of the branch or by the company’s agents and contractors and granting them the necessary transportation fees from The total value of the transported petroleum materials, in order to ensure the provision of oil derivatives and the unification of their prices at the level of the capital, Aden, and the neighboring governorates, which are located in what is called the geographical supply range of the company’s branch in the capital, Aden, which is represented by each of Aden, Lahj, Abyan, and Al-Dhalea.
In short, the Yemen Oil Company plays a major role in the Yemeni economy, and the interest of the Vice-President of the Presidential Leadership Council and the Chairman of the Transitional Council in the company reflects the importance of the company in the development of Aden.
