Promoting Financial Transparency in Oil Sector Discussed

Source: Yemen News Agency 5/23/2012, Location: Middle East

Yemen and the United States Agency for International Development (USAID) discussed here cooperation possibilities in areas of promoting administrative and financial transparency in oil sector. Minister of Oil and Minerals Hisham Sharaf and the USAID Director Robert Wilson asserted the importance to fight against all forms of corruption or practices in oil, gas and minerals sector.

They also talked about cooperation priority and rehabilitating national capacities in the field of oil, gas and minerals, as well as benefiting from the American experts in fields of institution-building and oil exploration and production. Sharaf noted that Yemen is a promising country having natural resources that need security and stability as well as more efforts to get its potential wealth.

In return, Wilson affirmed the readiness of the USAID to cooperate with oil ministry and supporting its trends towards activating in future its role to propping up the country.


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