Whether Yemeni economy break down, the currency goes up, or oil companies leave; the only man responsible for this and Yemenis rival is Albdulmalik Alhouthi and his committees. The cost of oil barrel production in ( Oil Coast) in Safer is 3$ only per barrel. The cost of oil barrel production in Occidental, Calvali, Dove, and OM ranges from 13 to 17 $ per barrel; 5 times higher. The cost of oil production in Total is 29$ per barrel. Meanwhile, the cost of oil barrel production in Gharb Ayad was 32$ per barrel in 2009. Numbers speak. Only ignorant or militant skip them; or followers of Total. Briefly, the government share of Safer and Almassela and state revenues from both public companies are higher than its share of all the other foreign companies that deduct 30 to 40% of oil production under cost oil. So, allegations of corruption in the only two public companies, Safer and Almassela, whether true or vexatious will not count one or two dollars increase to the cost of barrel (Oil Coast) production which is produced in both at the lowest cost. What have the new thieves and their peoples committees done? The went to fight corruption in a company that produces oil barrel at the lowest cost in Yemen; 26$ lower than Total barrel. And, the company is the only producer of house gas , Maareb Gas Station, and liquefied gas in Yemen. Safer is the company which Sakhr Alwajeeh suspended its operating budget in January 2014. It has been working without an operating budget. Yet, it has accomplished the highest profits achieved by a governmental institution and provided 40% of the total state revenues. CAK Bank did not earn more than 3 billions, Alyamaneya lost, The Economic Institution made zero profits, and the Electricity company is drowned in debts. Meanwhile, Safer, despite continuous oil pipe explosions did not have its annual revenues fall under 2.5 billions in its worst conditions! Whether Yemeni economy break down, the currency goes up, or oil companies leave; the only man responsible for this and Yemenis rival is Albdulmalik Alhouthi and his committees.
Posted on: Sun, 21 Dec 2014 15:56:07 +0000
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