Almotamar Net -
The Cabinet in its weekly meeting on Tuesday approved
executive program of granting the concession right of block No. 18 to the Safir Petroleum Exploration Company instead of the US Oil hunt company.

The Cabinet also approved a by-law of Safir company and its capital and operation budget for the rest of the current year as well as the budget for the coming year.

The Cabinet confirmed it would finalize all legal measures to hand the block to Safir company.

All Yemeni, non-Yemeni workers and contactors who were working in the block with the US company will continue their jobs under the management of the new company of Safir upon their desire, the cabinet promised.


The Cabinet condemned remarks issued by the Hunt, describing them as damage for the national rights and sovereignty of the country.