Yemen, Kuwait to activate oil cooperation memo

SANA'A, Jan. 17 (Saba)-
Yemeni-Kuwaiti Technical Committee signed on Sunday a minute of first meeting of the
committee which
stated to activate memo of oil cooperation.
The memo was signed in 2003 between the ministries of oil in both countries in
fields of oil exploration and production and minerals.
The committee affirmed importance of continuing current cooperation between the two
countries in these fields and importance of studying establishment of joint oil
projects.
The Kuwait side said that it would show available investments chances in field of
minerals in Yemen on the Kuwait government and private sectors.
The two sides agreed to hold second meeting of the committee in Kuwait next year.
Oil minister Amir al-Adaros reviewed in the meeting available chances of investment
in domains of oil, gas and minerals and features and advantages granted by Yemen's
law
of investment.
He highlighted historical relations between Yemen and Kuwait, saying that several
Kuwaiti oil companies are working in Yemen.
For his part, the head of the Kuwaiti side, director of planning and International
Relations at the Kuwaiti oil ministry Ahmed al-Sirafi affirmed concern of Kuwait to
bring
this memo into success and push ahead the mutual cooperation between the two countries.
AH