YPC’s director: Oil derivatives prices edge up due to global rise

SANAA, July. 03 (YPA) – Yemen’s Petroleum Company (YPC)’s Executive Director, Ammar Al-Adhra’i, on Sunday confirmed that the oil derivatives prices in Yemen have edged up due to the global rise.

“The prices of oil derivatives are affected by the prices of the global stock exchange, as we import all derivatives from the international market,” the YPC’s director said in a news statement.

He pointed out that the crude oil in the occupied province is being looted by the Saudi-led coalition countries and its tools, noting that its revenues must be supplied to the Central Bank.

“The coalition forces continue to detain two diesel ships to double the suffering of citizens, while sea piracy against fuel ships leads to an increase in the prices of oil derivatives,” he added.

AA