News - Yemen: Minister of Oil and Minerals, Ahmed Daris, reported the losses of the oil sector and the total amount of oil and mineral wealth that was looted by the US-Saudi aggression.

He explained that the total amount of oil and mineral wealth looted by the US-Saudi aggression during the period from 2018 until February 2023 exceeded $10 billion, as these amounts were deposited in banks in Saudi Arabia and Emirates despite the suffering of the Yemeni people.

Minister Daris pointed out that the oil sector is one of the important sectors and the economic pillar of development in the country.

He touched on the efforts of the Ministry of Oil and Minerals in implementing the directives of the Revolutionary Leadership and the Supreme Political Council regarding the establishment of a group of tanks for oil ship.

In late August, the "Parliamentary Committee for Fact-Finding" of the Saudi-mercenaries has acknowledged the existence of extensive corruption operations practiced by the pro-aggression government and its leaders in various sectors, including oil, electricity, and telecommunications.

It affirmed that the country's resources and wealth are being subjected to significant and evident tampering, looting, and wastage, despite attempts to cover it up through deliberate censorship of data and information. This once again reveals the disgraceful role played by the Saudi-mercenaries in depriving Yemenis of their rights and exacerbating their suffering with the support of the countries of aggression. 

The report issued by the committee confirmed that the Saudi-backed government is practicing major corruption in the oil sector, including conducting “illegal” deals to buy oil derivatives. It indicated that the purchase takes place without bids, and that there are “ Huge differences in prices and huge imbalances in specifications.”

It noted that the pro-aggression Ministry of Oil imported quantities of fuel that “do not conform to specifications; This led to the suspension of many stations and putting them out of work.”

The report added that there is also corruption of taxes and fees on fuel shipments imported by the Saudi-backed government.