The Company’s Forthcoming Plans:

YORC has made a number of work plans to be carried out. Most include

• Promoting for investment opportunities in Ma’reb Refinery Lab Expansion and Updating Project as well as starting to seek for funding resources to enable it implement the project; 

• Carrying out the necessary maintenance works on the refinery in order to keep it operating with its entire production capacity to meet the increasing needs of oil derivatives in markets nearby the refinery;

• Completing the construction of the investment unit projects;

• Technically supervising the process of installing and implementing new refineries of the private sector;

• Increasing the volume of its activities. This is through being a partner in private sector’s petrochemical, refining and investment projects as being the body representing the government in such field; 

• Finishing the preliminary study of the electric power plant and petrochemicals industries, which include the construction of a gas pipeline to be connected from Saffar to Dhamar province.

• Benefiting from additional products of the refinery;

• Carrying out the final stages of the following projects:

A.     UREA Industry Project:

By designing a number of promotional programs and communicating with a number of international companies, YORC was adept at persuading UHDE, a German firm, to carry out the study of this project free of charge. Later on, for the sake of constructing the project, promotion shall be done through visiting a number of countries and holding promotional seminars to attract investments to this project.

B.    Detergent Industry Project:

The study of the project shall be finalized. Following data and information sorting and analyses comes the economic preliminary study as well as the feasibility study, which would be followed by stimulating promotional activities earmarked for the project’s investment opportunities.

C.    Expansion and Updating of the Refinery’s Lab

The study of the project shall be accomplished. This is by completing the economic feasibility study and defining the project’s perquisites, all of that would be done by the competent consultant company, which has already been selected to do so after the process of bidding assessment had been over. After that and on the light of the findings, the project would be implemented, a matter which mostly depend on the allocated funds and on the participation of the private sector.

D.    Headquarter Construction Project

Following the purchase of the headquarters’ property; the construction of the surrounding wall and guards facilities; installation of gates; evening of the land; and finally the conducting of soil tests, the company shall proceed in 2005 with constructing the building, which depends on the allocated cash for such purpose.

E.     The Project of Preparing and Improving Safety and Security System in Refineries

While following safety rules, instructions and condition is crucial, fulfilling the requirements of safety and security is even more imperative. This can only be through availing modern equipment and preparations and meeting the demands of such a vital sector particularly in oil and gas plants, which are highly risky. Realizing all of this, YORC has made this project an essential part of its 2004 plan. Also in 2003, it signed a contract to import a fire-truck.

In 2005, it shall commit itself to finalize all requirements by availing tools, training facilities, and awareness-raising aids as well as visual and readable guidance and instructions. Actually, plans have been made to carry out its first stage this year.

F.     Information Systems Network Project:

Since the outset of its foundation, YORC has been concerned with conducting a number of studies on some investment projects and promotional activities by holding scientific seminars and international gatherings inside and outside Yemen. This brought about fruitful results. Also due to exerting a lot of efforts in the process of collecting data and information on relevant oil projects and on oil industries in general and refining industry in particular, YORC realized that it had no other alternative except archiving and storing such information by following the modern ways as a means of benefiting from such processes. Thus, YORC has included it in 2005 plan and allocated a special funding from its 2005 budget.

Beyond and above, the Company has been doing its best to overcome any obstacles and barriers confronting its work and tasks; for example it was capable of achieving the following;

• It was able to carry out maintenance works on the refinery camp (offices and premises)

• It technically maintained the motive factor (catalysts) ??

• It offered its staff with technical and administrative training inside and outside Yemen;

• It was capable of securing and availing repair parts for the refinery;

• It designed maintenance programs.

YORC’s Future Plans:

In the future the company’s plans are 

• Promoting for the investment opportunities in Ma’reb Refinery Lab Expansion and Updating Project;

• Seeking ways for uniting refining policies by which such industries be under the supervision of one competent body especially after the construction of new refineries have been approved;

• Finalizing the remaining parts of the UREA project study and then promoting for its open investment opportunities;

• Finalizing the remaining parts of the Ma’reb Refinery Lab Expansion and Updating Project and Investment Labs Construction and then promoting for the investment opportunities in this project;

• Following up the betterment of oil derivatives specifications in such a way that they fulfill and cope with modern advancements;

• Completing the remaining parts of the study project of the Information Systems Network;

• Embarking into the field of petrochemicals and refining industries as well as oil services through the partnership with the private sector;

• Carrying out the Environment, Safety and Security Development Project whose study has already been completed; such implementation would be stage-wise depending on the allocated funds;

• Seeking methods and ways to reduce the production loss and increase the level of production;

• Improving the maintenance workshop in the refinery in order to not sustain any maintenance costs and thus increase the refinery’s capacity production;

• Searching for additional means and activities to enhance the YORC’s financial position;

• Doing its best to have a uniform cadre-regulations and bylaws;

• Continuing on participating and holding scientific and economic seminars and gatherings relevant to refining industries as a means of promoting for these fields’ open investment opportunities.