PLC President Receives Delegation from U.S.-Based Hunt Oil Company

  Riyadh

His Excellency President Rashad Al-Alimi, President of the Presidential Leadership Council (PLC), today Sunday, received a high-level delegation from Hunt Oil Company, headed by the company’s Chief Executive Officer, Mr. Hunter Hunt.

The meeting reviewed opportunities for partnership between the Yemeni government and Hunt Oil in the exploration, production, and export of oil and gas. It also discussed prospects for the company to resume its investment activities in Yemen in support of the country’s economic recovery and energy security.

President Al-Alimi was briefed by the delegation on the company’s current operations, future plans, and promising investment opportunities in Yemen’s oil sector, building on its long-standing partnership with the Yemeni government.

The PLC President praised Hunt Oil’s pioneering role in establishing Yemen’s petroleum sector, including the discovery of the country’s first commercially viable oil reserves, its contributions to developing oil infrastructure, training national personnel, and its role as a key partner in the Yemen LNG project. He said these contributions would remain a source of appreciation for both the government and the Yemeni people.

President Al-Alimi also outlined the economic, financial, and administrative reforms being implemented by the government, particularly in the oil and gas sector. He highlighted efforts to improve the investment climate, strengthen transparency and governance, and provide the necessary guarantees for the return of foreign companies across various sectors.

In this context, he commended the support provided by the Kingdom of Saudi Arabia to Yemen’s economy, describing it as a key pillar for enhancing stability, advancing economic reform, and restoring investor confidence.

The PLC President reaffirmed the state’s commitment to providing all necessary support and facilities for investors. He said the government would work with regional and international partners to secure vital infrastructure and create conditions for the resumption of production activities. He added that improving living standards and security across the country remains a top priority for the Yemeni government.

The meeting was attended by Dr. Yahya Al-Shuaibi, Director of Presidency Office and Dr. Mohammed Bamqa, Minister of Oil and Minerals.