The Yemeni Economic Committee granted approval for two tankers to ship and import oil derivatives to Hodeidah port.

The approval came after the crisis of suspended shipments on the outskirts of the port and the return of flow of fuel in accordance with the controls stipulated by the government’s resolution 75 and its established executive mechanism.

The Committee explained in a statement that the approval was granted to the two ships at the request of the concerned syndicate and traders’ pledges, adding that it came as a result of understanding and coordination with the Economic Committee.

Yemeni economist Dr. Fares al-Jadabi, a member of the Economic Committee, said the government’s resolution was fully implemented on 14 vessels, all of which were subject to all controls except for two vessels that illegally entered into Hodeidah port without government permits.

Traders were punished by being prevented from practicing this activity, and the matter was referred to legal investigation by the concerned parties, Jadabi noted.

He told Asharq Al-Awsat that vessels were granted special permits after the syndicate pledged and provided all the guarantees and commitments that they would comply with resolution 75. It also requested giving them a last chance to reduce the $30 million worth of losses.

According to Jadabi, written commitments were made and would be used against them in case they carried out violations later.

Among the understandings to provide oil derivatives to the war-torn country are the continuous cooperation to reduce speculation on the currency and work to stabilize and enhance its value, re-flow and dealing from the black market to the official banking sector committed to the requirements, and international standards to combat money laundering and the financing of terrorism, the increase in the level of transparency and disclosure of the shipments’ sources and non-trade in any illegal derivatives.

They also agreed to boost humanitarian action efforts after completing all its procedures in accordance with government resolution 75 and its executive mechanism.AFP.