KSA to monopolize Yemen’s oil for 70 Years- update

Social media activists are circulating news, about internationally recognized government orientations to sign an agreement with Saudi Arabia, selling Yemeni oil fields in Marib and Al-Jawf provinces for small amounts, in a period up to seventy years.

The Yemeni activist residing in America Jalal al-Salahi, said that Saudi Arabia is putting great pressure on Hadi government to force them signing an exclusive contract that grants Saudi Arabia the right to extract oil from Marib, and Al-Jawf provinces for a period of 70 years, for $ 15 billion a year.

Al-Salahi pointed out that the documents reveal that Yemen has 151 oil sectors in Shabwa, Marib and Al-Jawf provinces, while legitimacy speaks about 81 oil sectors only, pointing out that, legitimacy does not supply any revenues to the treasury from sectors that it recognizes.