Council of Ministers Approves Establishment of Oil Marketing Company

The North Yemeni Council of Ministers approved in the second half of September the establishment of the Yemen Crude Oil Marketing Company (YCOMC) which is affiliated to the state-owned Yemen Petroleum Company (YPC) and headed by the Minister of Oil and Mineral Resources, Mr. Ahead Mali al-Mihani, as Chairman (MEES, 6 July and 10 August).

According to MEES sources, YCOMC is at present reviewing sales...