New Corruption Deal between the Yemeni government and UAE company to establish a LNG production unit in Hadramout

Yemen Eco | News:

An official document revealed a new corruption deal between the Yemeni government and an Emirate company in Hadramout, included granting the company a license for establishing a project for operating and financing a home gas production unit in the basin of Al Masila in Hadramout, which is the same company that granted a monopoly contract for importing oil derivatives to the government, according to what the group of “Free Media” published on its account on “Facebook”.

In accordance to the deal the Yemeni government on granting the Emirate’s company, energy company, (BASCO ENERGY FZE) the license for establishing an investment project for operating and financing a home gas production unit (LPG) in sector (10 ) in

Al Masila basin in Hadramout governorate, according to the decision of the head of the cabinet no. (7) 2023, issued in this regard, on 26 of March 2023.

The Cabinet adopted the allocation and delivering a suitable piece of land to the company which would carry out the project, adjacent with current facilities in sector (10) in Al Masila basin in coordination with ministry 0f oil and minerals, and PetroMaselah company, after the completion of procedures of contracting, with (BASCO ENERGY FZE) which its main office located in the free zone area in Jabal Ali in the city of Dubai.

The Cabinet authorized the Minister of Oil and Minerals, and the legal affairs, human rights, the executive director of Al Masila company for exploration and petroleum production from the government side, in negotiating and preparing the final documents for concluding the agreements and drafts pertaining the license.

These government steps come amidst popular refusal and parliamentary objection for all the Yemeni government decisions aiming at selling the oil, gas and service sectors to Emirati companies, while observers in the (free