President Al-Zubaidi Stresses Importance of Resuming Production Process in the Ceased Oil Sectors
SMA NEWS – ADEN THE CAPITAL
The president Aidarous Qassem Al-Zubaidi, President of the Southern Transitional Council (STC), Deputy head of the Presidential Leadership Council, stressed the importance of strengething the role of stimulating investment in the oil and gas sectors in our country, encouraging national companies to play a role in resuming the production process in the halted oil sectors and intensifying efforts of geological survey to boost exploration opportunities in the promising concession areas.
It took place when the president Al-Zubaidi, on Sunday, at his office in the capital Aden, met with Mr. Mohammed Ben Sumait, Executive Director of Petromasila (Petroleum Exploration and Production Company), who acquainted him with activities of the company in the fields of exploration and production in the oil sectors in Hadramout and Shabwa governorates.
Likewise, the president was got briefed by Executive Director of Petromasila on the exerted efforts to resume the production process in Sector 5, “Jannat Hunt” in Shabwa governorate, according to a signed agreement between the company and the Ministry of Oil, which stipulates to hand over the sector to Petromasila to resume the production process after years of a ceased production.
In the meeting, the president Al-Zubaidi highlighted the importance of taking the advantage of the gas accompanying operations of extracting oil to operate power plants, and emphasized on doubling the efforts to enhance community development in the concession areas, to contribute to improving the living conditions of citizens in those areas.
