Safer was established as a state corporation after the Yemeni government threw out Hunt Oil. Safer has been a center of mass corruption since then. By dissolving Safer and establishing a new National Petroleum Company, the state is destroying the records proving corruption, embezzlement and smuggling. Next it will be the Fisheries and the Military Economic Corp. (which is known as the Economic Corp now). This can’t go unchallenged. No documents means no trial.
SABA
aretaker Govt transmits bill of National Petroleum Co. to Parliament
[29 / March 2011]
SANA’A, March 29 (Saba) – The cabinet of the caretaker government referred on Tuesday a bill of the National Petroleum Company to Parliament for discussion and completion of constitutional procedures for the issuance of the law.
The bill, reviewed by a ministerial committee, consists of 32 articles divided into six chapters, including naming, definitions, the establishment of the National Petroleum Company and determining its functions, powers, capital, resources and board of directors, the advantages and exemptions and the final provisions.
The bill stipulated the creation of a national petroleum company to replace the current SAFER E & P Operations Company. The new company has a legal personality with financial and administrative independence and is subjected to the supervision and control of Minister of Oil and Minerals.