Business

Aden Refinery’s Privatizes, Prevents the Import of 67, 000 Tons of Iron

National Yemen

Aden city

By NY Staff

CEO Dr. Najeeb Mansour al-Awj, CEO of Aden Refinery, denied all news of the Aden Refinery Company (ARC) being privatized. He said the interest is not unwarranted, given that the ARC is a national pillar.

“We cannot neglect Aden Refinery because it is a major project of national security, and economic development, in the country. It is also one of the economic projects that plays a prominent role in supporting the national economy, and supplies local markets with various oil derivatives.”

As evidence, he cited the fact that President Abd Rabbu Mansour Hadi issued directives aimed at developing and modernizing the refinery and its different units. This includes the establishment of new production, and expanded oil ports.

“The most important project that will be implemented is the installation of loading arms in the oil ports, with electronic systems for modern ships. It costs eight million dollars, and will arrive in May.”

According to Dr. al-Awj the company has completed a tank with a storage capacity of 20, 000 tons, furthermore, more than 80% of its tanks are qualified, and now operating at a high power. This is in addition to special tanks for cooking oil, that produce it rapidly.

“Currently, international analysis is being conducted for the construction of a new power station, and the Supreme Economic Council conducted a meeting three weeks ago on the topic. They approved the formation of a ministerial committee to discuss the best option for the refinery development and modernization project.”

Yemen Standardization, Metrology, and Quality Control Organization (YSMO) blocked the import of 38, 000 tons of iron that did not meet domestic specifications. It would have entered Aden, and was shipped by Turkish company Habash. YSMO has stopped another ship in Hodeida from the same company.

Dr. Walid Abdulrahman Othman, YSMO Director General, said the rejection comes within regulations designed to maintain the health and safety of consumers.

“When the first ship arrived at the port of Aden, YSMO took a random sample from the shipment, and when proved to be incompatible, unloading was stopped. According to the law on specifications and standards, entry must be prevented by any material that is non-conforming. It is then to be returned to the same mode of transportation.”

Although YSMO didn’t clarify everything, the Administrative Court in Aden issued a sentence to unload the cargo from the ship and put it in the importers yard.

Othman called all relevant parties to support the YSMO’s efforts to prevent the entry of such shipment to the local markets. He added that the Ministry of Public Works and contractors should stop dealing with such iron to ensure the safety of citizens.