Yemen Monitor / Newsroom:
The Chairman of Yemen’s Presidential Leadership Council, Rashad Al-Alimi, announced on Sunday that the government is committed to providing all necessary support and incentives for investors and creating the conditions needed for international oil companies to resume operations in Yemen.
The pledge came during a meeting in Aden with a high-level delegation from the U.S.-based Hunt Oil Company, led by its Chief Executive Officer, Hunter Hunt, to discuss prospects for restarting the company’s investment activities in oil exploration, production, and exports.
During the meeting, Al-Alimi reviewed the government’s ongoing economic and administrative reform efforts aimed at improving the investment climate and strengthening transparency to facilitate the return of foreign companies.
He also praised Saudi Arabia’s financial and economic support, describing it as a fundamental pillar in restoring confidence in Yemen’s investment environment.
For its part, the Hunt Oil delegation presented an overview of what it described as promising investment opportunities in Yemen’s petroleum sector and expressed interest in building upon the company’s longstanding partnership with the country.
The meeting, attended by Oil and Minerals Minister Mohammed Bamagah, comes as the Yemeni government continues to grapple with a severe economic crisis and seeks to resume oil and gas exports, which have been suspended since 2022 following Houthi attacks on export terminals in the governorates of Hadramawt and Shabwah.
