http://www.english.hadhramaut.info Prime Minister headed HCE meeting [The Source: www.sabanews.net - 3/1/2009] Higher Council for Economy (HCE) held its meeting on Saturday headed by Prime Minister Ali Mujawar, chairman of the council.
The meeting discussed a report presented by the ministry of oil and minerals Amar al-Aidaros on measures and protects of developing the mineral resources, which have been prepared by the Geological Survey and Mineral Resources Authority.
The report pointed out to the project of developing the mining industries in Yemen especially in al-Jaof, Marib and Shabwa governorates and a project of setting up a center to develop Yemeni rocks in cooperation with the International Finance Corporation IFC which aims at preparing a new law and tax system for mining as wall as attract investments in minerals wealth.
In the meeting, the council approved a memorandum presented by oil minister over request of DNO Company to determine the second phase of oil exploration of two oil sharing agreements in block No. 47 in Hadramout governorate for 12 months, and in block No. 44 in the governorate for six months.
The memo also included request of Glow Oil Company to determine in the second phase of exploration in Block R2 in Shabwa governorate for one year.
The council also discussed a memo presented by the transport ministry over acceptance to access Yemen into Protocol 1992 of amending international agreement over establishing international fund for compensations due to oil pollution of 1971.
The council formed a technical team of ministry of transport and ministry of finance to study the topic technically and financially to present a report to the coming meeting of the council