Sunday, August 7, 2011
The committee headed by Finance Minister No'aman al-Suhaybi decided to sell the full amount of Masila crude oil estimated at 3 million barrels to Arcadia Company at 93c a barrel below Dated Brent.
Regarding Marib crude oil, the committee approved the selling of the total quantity of October 2011 amounting to 2 million barrels to Aden Refinery Company at the dated Brent price without any discount.
Furthermore, the committee approved selling the Marib crude oil of August and September estimated to 2.7 and 1.9 million barrels respectively to Aden Refinery Company according to the accepted mechanism and at the dated Brent price.
Ali Abdullah Saleh, the Yemeni president, has been discharged from hospital in Saudi Arabia, raising fears among protesters that he could attempt a dramatic return to his violence-plagued homeland.
By Adrian Blomfield, Middle East Correspondent
07 Aug 2011
Mr Saleh, who has held office since 1978, was moved to a house in Riyadh after recovering from a series of operations to treat wounds he suffered in a bomb attack on his presidential palace in the Yemeni capital Sana'a two months ago.
The president's enforced departure had given rise to hopes that a US-backed plan to end months of protests would finally reach fruition. Under the proposal, Mr Saleh was to hand over power to his vice president until new elections could be held.
With hundreds of thousands of protesters calling for his resignation from the streets, Mr Saleh agreed to the plan three times before he was wounded, only to renege at the last moment on each occasion.
After suffering substantial burns to his face and shrapnel wounds to his body, many had assumed that Mr Saleh would never return to Yemen.
But despite widespread defections in his military high command and in the political and tribal hierarchy, Mr Saleh's powerful family has successfully warded off attempts to seal his overthrow.