Yemen to enhance commercial relations with Saudi Arabia

Yemen renewed its wish to enhance the economic and commercial relations with Saudi Arabia after ratifying a treaty for maritime and land border demarcation as Yemen offered 3 joint large enterprises to strengthen the partnership between the two states.

Yemen minister of development and planning Ahmed Sofan said that Yemen offers Saudi Arabia a project for manufacturing petrochemicals and to export natural gas in the Yemeni areas on the shores of the Arab sea and the Indian ocean in the south relying on the natural gas reserve in Saudi Arabia which are 24.5 trillion cubic feet.

In addition, Yemen seeks to expand its industry which is based on natural gas, adding that the capacity of the Abkek-Younboa gas pipeline which extends from the east to the west reach's 270,000 barrels of liquid gas, yet it is not enough to support an expansion in the petrochemical industries.