STC rejects “Presidential Council’s” decision to resume oil exports, revenue allocation

ADEN, July 22 (YPA) – The UAE-backed Southern Transitional Council (STC) has declared its outright rejection of a decision by the president of the Saudi-backed Presidential Leadership Council regarding the resumption of oil exports and the allocation of financial revenues to all Yemeni governorates, including areas controlled by the Sanaa government.

Anwar Al-Tamimi, the official spokesperson for the council, stated in press remarks that the decision to resume oil exports implements a prior regional agreement granting Sanaa the largest share of financial revenues in exchange for halting attacks on neighboring countries. He emphasized the council’s refusal to enable any party to access the resources of the southern governorates.

Al-Tamimi explained that this 2022 agreement faced strong opposition from the STC and its forces on the ground, preventing its passage despite political and military pressure exerted to change their stance.

The spokesperson asserted that the current decision resulted from external pressure and understandings following the Sanaa forces’ recent escalation against shipping ports in the region. He stressed that the southern people would oppose these decisions to prevent the disposal of the South’s financial and strategic resources.

Al-Tamimi warned that granting Sanaa a share of oil revenues would enhance their military and organizational capabilities, giving them greater leverage to threaten international shipping lanes and global energy and food supply chains.

YPA