Signing understanding memorandum to invest in oil sector

The memorandum of understanding comes after many negotiations and coordination with several foreign companies to convince them to invest in the field in light of the available investment opportunities, the advantages and facilities that investment companies will enjoy in this vital and important sector.

The Oil and Minerals Minister welcomed the investment companies in the field of oil exploration in Yemen, stressing his keenness to provide facilities to encourage investors.

He called on investment companies to visit Yemen to see the potential, investment opportunities, advantages and facilities that their investments will enjoy.

He noted the efforts of the Ministry of Oil and its endeavors to encourage investments in this vital sector, develop it and exploit this wealth for the benefit of the country.

Daris warned foreign companies against dealing or concluding any contracts with the mercenary province.

He alerted all oil companies operating in Yemen to the necessity of adhering to production sharing agreements, all circulars and directives issued to them by the Ministry of Oil, Sana’a, since 2018.

Source: Yemen News Agency

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