Vitol revealed on Wednesday it is eying energy investments in Yemen coinciding with statements by a number of foreign ambassadors that big oil firms plan to come here as part of their countries’ plans to widen the trade relations with the country.
The country’s mouthpiece Saba quoted a statement by Bob Finch, Vitol’s head of coal trading, at his meeting with President Abdrabu Mansour Hadi as saying his visit came to express the desire of the London-based company to have partnership and investments in Yemen.
“I got acquainted with the new situation in Yemen and the most important information about the energy sector and all that is encouraging us to invest in this country’s energy sector,” he said.
“Vitol’s revenues reached $300 billion last year which made it the largest company trading in oil derivatives in the world,” Finch was quoted as adding.
At the meeting, President Hadi pointed to Yemen’s large potential saying the country has promising oil and gas fields.
The agency also reported that Ahmed Daris, the oil and minerals minister, met separately with with the ambassadors of China, India and Turkey. The ambassadors affirmed petroleum companies are eying investments in the Yemeni oil and gas sector.
Turkish envoy, Fadhli Chorman, said Turkish energy and natural resources minister is due in Yemen soon and that delegations from Turkish oil firms will accompany him on a visit that will focus on ways to forge the bilateral economic links.
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