Aden (Debriefer) The mechanism of importing oil to Yemen needs reconsideration, the Yemeni oil minister said at meeting on Thursday.
The current mechanism suffers imperfections, Saeed al-Shamasi added, highlighting the need to reconsider the plan and correct the key problems that occurred in the past, according to the Aden-based Saba.
The oil ministry is prepared to assume monitoring and audit role in order to smoothen people access to services provided by the Yemeni Petroleum Company and refineries, he said.
Suppliers need to cooperate with local banks and banking transactions should be accelerated so as to provide hard money and increase oil supplies at local market, the minister added.
The meeting discussed proposals to have imports via Aden and Hodeida ports balanced and rationalized.