Today, Friday, Prime Minister Dr. Maeen Abdul-Malik issued Resolution No. (30) for the year 2021, regarding the mechanism for purchasing oil derivatives and limiting their distribution and marketing through the Yemen Oil Company.
The first article of the decision stipulated limiting the distribution, marketing and sale of oil derivatives supplied in the local market to the Oil Products Distribution Company (Yemen Oil Company), in accordance with the decision to establish it.
The second article stipulates that the Yemeni Oil Company (Oil Products Distribution Company) purchase oil derivatives to cover the needs of the local market by qualified and approved companies and traders in accordance with the approved mechanism, and all derivatives are considered affiliated with it upon completion of their unloading into tanks in various ports and they are not entitled to be disposed or distributed Only through the company.
The decision also stipulated in its third article to assign the Yemeni Oil Company (Oil Products Distribution Company) in coordination with the Central Bank of Yemen, the Aden Refineries Company and the Technical Office of the Supreme Economic Council to implement this decision in a manner that ensures the provision of derivatives and the standardization of their prices in the market, and the management of providing foreign currency for their import without any effect Negative on the price of the national currency, according to the approved mechanism.
The fourth and fifth articles of the decision stipulate canceling any previous decision inconsistent with the provisions of this decision, and that this decision shall be implemented from the date of its issuance, and those concerned shall implement it, each within its jurisdiction.