The Saudi-led coalition-backed government has establish a new oil bank in agreement with an American company in the city of Aden.
The Ministry of Oil in Aden stated that it had reached the agreement with the US company Schlumberger, to establish an oil databank that would enable it to limit its dealings with foreign and national oil companies working in the field of oil and gas exploration and production, in a step described as a trend towards more looting of Yemeni natural resources during the coming period.
It pointed out that the American company’s control of information would encourage foreign companies to invest and develop financial resources, away from the central information databases of the Republic of Yemen in Sana’a.
The ministry indicated that the tasks of the data bank in Aden, which is implemented by the American company, would include receiving, examining, processing, analysing and preserving all old and modern petroleum data and information implemented in all petroleum sectors in Yemen.
