PSA 0.00% 2.1¢ petsec energy limited

Brotherhood again - this time Oil and the Oil baron Al-Essa

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    Found this piece which is a statement of how powerful the governments powers can be. In this case the oil emperor is Al-Essa and he is able to deny Aden, and the SRC by default, much needed supplies. This is because the Hadi Government prefers to quell the fire in the South rather than fight the Houthi. There are no known reasons so that means for unknown reasons. Go Figure

    Please note the bold sentence below "Thedirectives of Saleh al-Jabwani, who is close to Turkish and Qatari intelligencefrom outside Yemen" denotes the Brotherhood.

    It gives insight to how impotent Petsec is when seeking approvals these last 4 years and is why I'd prefer the STC in charge.




    Translation site

    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&pto=nl&rurl=translate.google.com&sl=ar&sp=nmt4&tl=en&u=http://al-omana.net/details.php%3Fid%3D109852&usg=ALkJrhj7ghS4ojUz2xAQlaheit_lrftpRA

    The Emperor stops the "Freight Marge" ship and the Southern Resistance closes the "Albazbuz" and demands that the monopoly be broken

    Sunday01 March 2020 - at 19:33:18 (Al-Amana / Ghazi Al-Alawi

    Theinfluential oil emperor Ahmad Saleh Al-Essa continues his favorite hobby inmonopolizing oil derivatives in unofficial ways, the last of which was theshipment of oil derivatives carried by the ship "Freight Marge" ofthe Vampa Oil Services Company, after it had completed all official approvalsby all concerned authorities in the state, and completed payment Customs dutiesand state dues are complete.

    Sourcestold "Al-Amana" that Al-Eisi crossed his influence in the Adenrefineries and senior officials in the state, headed by Minister of Transport,Saleh al-Jabwani, who succeeded in preventing the ship from entering to unloadits cargo in the oil port of Aden.

    Competingmerchants told Al-Eisi that after their company "FAMPA" had completedall the official approvals by all the concerned authorities in the state, andpaid the customs duties and the full state dues, approximately one billion ninehundred million riyals, and it was not allowed to enter for emptying.

    Theowners of "Vampa Oil Services" explained that some influential forcesin the country prevented the ship from entering to unload its cargo in the oilport of Aden, for unknown reasons.

    Andthey said that preventing the entry of the ship contradicts all thepresidential directions and government directives with binding officialdecisions, to prevent monopoly of oil derivatives that were taken by all theseofficial authorities.

    Theydemanded President Hadi to intervene to allow the entry of the ship and otherships that obtain official approvals and pay the returns and fees due on them,demanding a speedy settlement of matters, so that the issue does not developinto other fatefulness, which may be dangerous to the sensitive situation inAden, when things get out of their mind.

    Officialdocuments obtained by the newspaper "Al-Amana" revealed the health ofthe ship owned by FAMBA Oil Services Company, which prevented businessman andgrouper Ahmed Al-Essi from unloading its cargo in the Aden Refineries Company,using his influence inside the Refineries Company and also his influence insidethe Yemeni presidential office.

    Inan official document, the Ministry of Finance confirms the payment of customsdue to the state by approximately one billion eight hundred and ninety millionriyals, and Minister of Transport Saleh al-Jabwani, one of Al-Essi's tools,sent a letter to prevent the ship from entering and unloading the cargo, and itwas signed by the so-called Economic Committee, which is made up of four peoplePresent in Riyadh, the person in charge of them is called Ali Muthanna from theMa'rib Governorate, and all members of the committee work for Al-Eisi frominside Riyadh and he is behind their appointment to implement his plans.

    Thedirectives of Saleh al-Jabwani, who is close to Turkish and Qatari intelligencefrom outside Yemen, to stop the oil ship after completing all the legalprocedures in Aden refineries, confirming that who runs the country is AhmedSaleh Al-Essi.

    Southernresistance closes "Albazbuz"

    Thesouthern resistance in Aden, led by "Abu Hammam Al-Ba`wah" and theSouthern Anti-Corruption Commission, stopped pumping oil derivatives from aship belonging to the influential "Ahmed Al-Essi", demanding to openthe market and fair competition to southern merchants and break the monopoly.

    TheSouthern Resistance took this step after the influential al-Issa andal-Jibwani, the Minister of Transport, prevented the entry of a ship belongingto a southern merchant carrying 35 thousand tons of oil after fulfilling allthe conditions and paying the customs fees equivalent to 2 billion Yemeniriyals. It was in draft and emptied 5 thousand tons, and then it was doneRemoved from the draft by force, under orders from the influential al-Issa andMinister of Transport, Saleh al-Jabwani.

    TheSouthern Resistance denounced this provocative move, which legitimized the monopoly,and was rushing to competing merchants and incurring huge losses.

    Asource stated that the ship that was taken out of the diving pays $ 25,000(twenty-five thousand dollars) on a daily rental fee.

    Al-Eisihad previously suspended Al-Basiri and a number of local companies that wantedto compete, using his influence in the authority and his proximity todecision-makers, to remain a monopolist of the oil derivatives market.

    FampaOil Services Company explains:

    FampaOil Services Company issued a clarification statement yesterday about what wasraised recently about stopping the Freight Marge ship and preventing it fromunloading its cargo at the oil port in the capital Aden, confirming the healthand safety of all necessary procedures related to the shipment of oilderivatives.

    FampaOil Services Company said that it entered the field of competition in theimport of oil derivatives based on the decision of the President to liberalizethe oil derivatives market and allow companies and merchants to import oilderivatives, stressing that preventing the vessel’s entry process contradictsall presidential and government directions with binding official decisions, toprevent monopoly of derivatives Oil taken by all these official authorities.

    Thecompany clarified in its clarification that the tanker freight fridge, whichcarries 36 thousand metric tons of petroleum and 21 thousand metric tons ofdiesel material of high quality, through the results of the sample examinationaccording to the results of the Aden Refineries Laboratory and in the presenceof the international examination company Saybolt (Al-Waseet) who Confirm thesafety of the shipment technically and legally.

    Thecompany said that it had fulfilled all legal procedures by the relevant authoritiesin the state and paid customs duties as it supplied one billion eight hundredand eighty-eight million riyals to the account of the Customs Authority at theCentral Bank on February 19, 2020, confirming its commitment to deposit salesof the shipment with banks or banks approved by the bank’s considerationCentral Yemen to be inspected.

    Thecompany expressed its deep regret at the attempts to divert the course of thecase and direct it to cover all illegal practices that the company was exposedto by influential parties that prevented and still prevent the completion ofthe unloading of the oil tanker shipment at the port.

    Andall the powers, activists, and the media demanded not to involve the companywith political bargains and quarrels, and to take advantage of thearbitrariness and arrest of its shipment to target any governmental orgovernmental bodies, as happened to the targeting of Prime Minister Dr. MoeenAbdulmalik, who has no relationship with the company other than the official frameworkin accordance with the applicable regulations and systems.

    Italso called on the media, pioneers and activists of social networking sites tobe precise and to stay away from targeting the company through campaigns behindwhich forces and influential people seek to impede the company's efforts toenter into competition and break the monopoly.

    Thecompany called on His Excellency President Abd Rabu Mansour Hadi, thegovernment, the leadership of the Arab Alliance, and the Southern TransitionalCouncil to intervene to stop the arbitrariness that affected it, which resultedin heavy losses and guidance to those who need to facilitate the process ofentering the ship to empty its cargo and other ships that obtain officialapprovals and pay the returns and fees due on them, demanding quickly Resolvematters, and finally reach the reluctance of investors to invest at home.


 
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