Aden Oil Company employees issue disaster statement No. 1

ADEN, Dec. 10 (YPA) – The Syndicate Committee at Yemen Company for Investment in Oil & Minerals (Yicom) has called on the government loyal to Saudi-led coalition, to pay the employees’ overdue salaries without delay.

A statement issued by  the committee No. 1 confirmed that the salaries of the company’s employees have been cut for the fourth consecutive month without any explanation, following the visit of a committee from the Ministry of Oil in pro-coalition government in August.

The statement said that the company had paid the employees’ salaries during the past period from its own funds, with the understanding that they would be reimbursed once production is resumed.

It is worth noting that the pro-coalition government has been unable to meet its financial obligations since the middle of this year due to the economic and service sector collapse.

The pro-coalition government has failed to purchase fuel for the electricity generation plants in Aden, leading to power outages of over 18 hours a day in recent weeks.

Economists blame the collapse on the government’s issuance of nearly 6 trillion Yemeni riyals without proper monetary backing, following the coalition’s transfer of control over the Yemeni Central Bank from Sanaa to Aden between 2016 and 2021.

@E.Y.M