Pro-coalition government ratifies handing over of oil sector to Saudi Arabia

ADEN, Jun. 21 (YPA) – Head of the government loyal to the Saudi-led coalition, Maeen Abdulmalik, on Tuesday ratified an agreement to hand over the fuel sector in Yemen to Saudi Arabia, as part of a plan to acquire vital sectors in the south and east of the country.

During his meeting with ministers of finance and oil and minerals, Maeen demanded to quickly sign the agreement that grants the so-called “Saudi Reconstruction Program” the right to govern the Oil Derivatives Purchase Support Fund, according to southern media.

The agreement grants the Saudi program the right to import and sell fuel to the local market in Yemen.

Although the agreement was put forward years ago and was not decided upon by Maeen, but his approval on it coincided with news on Saudi Arabia’s approval to change him.

Observes sees that this is an attempt by Maeen to turn the tables on his opponents in the UAE-backed Southern Transitional Council and the businessman Ahmed Al-Essa, who led a fierce war against Maeen to restore this vital sector, which generates millions of dollars per month.

YPA