The Chairman of the Leadership Council received a delegation from the American oil company, Hunt Oil.

President Alimi Welcomes U.S. Oil Company Delegation

On Sunday, President Dr. Rashad Mohammed Alimi, head of the Presidential Leadership Council, met with a high-level delegation from the American oil company Hunt. The delegation was led by CEO Hunter Hunt.

Exploring Partnership Opportunities

During the meeting, both parties discussed potential partnerships between the Yemeni government and Hunt in the areas of oil and gas exploration, production, and export. They also explored the prospects for resuming the company’s investment activities, which could significantly contribute to Yemen’s economic recovery and enhance energy security.

Insights on Future Investments

President Alimi listened attentively as the Hunt delegation provided an overview of the company’s activities and future plans. They highlighted promising investment opportunities in the oil sector and emphasized the importance of building on their historical partnership with the Yemeni government.

Acknowledging Historical Contributions

President Alimi praised Hunt’s pioneering role in establishing Yemen’s oil sector. He noted the company’s efforts in discovering the first commercial oil reserves and its contributions to building the sector’s infrastructure and training local professionals. Additionally, he recognized Hunt as a key partner in the liquefied natural gas project, affirming that these contributions will always be valued by the Yemeni government and its people.

Economic Reforms and Investment Climate

The President briefed the Hunt delegation on the economic, financial, and administrative reforms led by the government, particularly in the oil and gas sector. He emphasized ongoing efforts to improve the investment environment, enhance transparency and governance, and provide necessary guarantees for the return of foreign companies across various sectors.

Support from Saudi Arabia

In this context, President Alimi acknowledged the supportive role of Saudi Arabia in bolstering the national economy. He described this support as a fundamental pillar for enhancing stability, continuing economic reforms, and restoring confidence in the investment climate.

Commitment to Investors

President Alimi reaffirmed the state’s commitment to providing all forms of support and facilitation for investors. He stressed the importance of collaborating with regional and international partners to secure vital facilities and create favorable conditions for resuming production activities. Improving living and security conditions in Yemen remains a top priority for the Yemeni government and its partners.

Attendees of the Meeting

The meeting also included Dr. Yahya Al-Shaibi, Director of the Presidential Office, and Dr. Mohammed Bamqae, Minister of Oil and Minerals.

This engagement marks a significant step toward revitalizing Yemen’s oil sector and fostering international investment, crucial for the country’s economic recovery.

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