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Yemen
Oil Refinery Company (YORC) is one of the most crucial
economic oil facilities in Yemen and an important,
strategic subsidiary of the Ministry of Oil and
Minerals. Not only that, it is a fundamental base for
technically operating oil refineries. In 1998, YORC
started to operate and run Ma’reb Refinery, after the
latter was handed over by HUNT Yemen Company. YORC
shoulders the responsibility of drafting policies and
plans with respect to refining industries and of
supervising any similar industries of public or private
nature.
YORC
was founded in 1996 in accordance with the Republican
Decree No. 46/1996 as a subsidiary of the Yemen General
Corporation for Oil & Gas. Among its top priorities is
training and qualifying the Yemeni manpower to
substitute expatriates, which made it operate with 100%
locals.
In a very short time, it was capable of
accomplishing outstanding feats.
In order to meet its tremendous responsibilities and carry out
its crucial role in this vital arena, it has made plans
to attract foreign investment companies to step in and
take part in the oil and petrochemical industries. To
achieve this, along with conducting relevant studies and
researches, it communicated and is still doing so with a
number of international companies and organizations.
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