Public Houthi investment and profit in the oil derivatives crises
English - Wednesday 16 March 2022 الساعة 07:37 pm
Sana'a, NewsYemen:
The Houthi militia - the Iranian arm in Yemen - has publicly revealed its investment in the fabricated oil derivatives crises in Sanaa and its neighboring governorates, which culminated in the price of a 20-liter can of gasoline exceeding the barrier of 40,000 riyals.
In light of the continuing deterioration of the crisis for the second month in a row, the Houthi militia announced, on Tuesday, March 15th, what it called an initiative to transport citizens in a number of Sanaa streets on government and private buses that the militia seized when it overthrew the state institutions in September 2014.
According to an agreement concluded, the oil company run by the militia will provide oil derivatives to operate about 75 buses of different sizes, by selling these materials at a price of 9900 riyals per tank of gasoline 20 liters, to newly created Houthi bodies (the Zakat and Endowments bodies), as part of what it calls the campaign: "Solidarity to facilitate the movement of citizens of Sanaa.
The oil company's provision of oil derivatives for these buses confirmed that the Houthi militia had fabricated and invested in the crisis, exacerbating the suffering of the population and their collective punishment.
Ali al-Salami, a taxi bus driver, said that the Houthi militia could have pumped quantities of gasoline to a station for taxi buses that transport citizens on the streets of Sanaa, instead of bringing government transportation, noting that hundreds of bus drivers and owners working in this sector will find themselves on the unemployment sidewalk, describing the alleged Houthi initiative as (integrated into investing in the crisis).
These developments came as the residents of Sanaa and the neighboring governorates have been waiting for days for the entry of trucks of oil derivatives coming from the southern and eastern governorates, which would achieve a breakthrough in the crisis.
The Houthi militia created a stifling crisis in oil derivatives, exploited them politically and financially, and achieved the highest financial gains by selling the accumulated quantities of oil and diesel on the black market at record prices.
The Capacity Assessment Project Organization said that the fuel crisis in the Houthi militia-controlled areas is artificial, stressing that there is no shortage of fuel supplies, and the Houthis are rationalizing fuel for the final consumer in the official market.
The organization stressed that the Houthi militia's monopoly on fuel led to an increase in its prices, a reduction in the delivery of food, goods, medicines and trucked water, a shortage of goods, and reduced access and smoothness of supply, and access to clean drinking water.
The rise in fuel prices, due to the Houthi militia’s monopoly, has also caused an increase in the cost of irrigating land, and a decrease in local agricultural production of grains, food, fruits and vegetables.
The Houthi militia worked to destroy the state oil company by monopolizing the supply and sale of fuel, then privatized it in 2015 to fuel traders from the private sector and replaced them with its leadership, as Muhammad Abdul Salam controls more than 30% of the fuel trade.
It is known that the Houthi militia received oil subsidies from Tehran and sold it to citizens at prices three times higher than in the global market.
The Houthi militia imposed successive price doses on the prices of these materials, reaching three times their price in 2014.
