1) UREA Industry Project:

Preliminary studies on this project have shown that:

• The availability of basic components, potentials and suitable climate can bring about success to such activities;

• There is a necessity for creating such industries in order to maintain and improve fertility and products of Yemeni land scattered all over the country and considered as a crucial pillar for economic growth and food security;

• Providing food factories with raw agricultural materials is highly crucial;

•  Making fertilizers available would encounter the increasing rate of local consumption of such nitrogen fertilizers. This is so because studies have shown that the consumption rate has risen from 3% in 2000 to 4% in 2005 and it is expected to rise to 7% by 2010.

• The capacity production of the project’s first phase is about 350 tons/year of urea, while the second phase capacity, being more important to local markets and exporting plans, is around 650 tons/year;

• Second phase cost is estimated to range between US$ 600-650 million While each ton of urea would cost between US $80-110.

More over, the studies have emphasized the success of this strategic and economic project, which would make Yemen save large amounts of hard currency, especially that YORC sought advice and consultation from the FAO in this regard..

2) Detergent Industry Project:  

A number of crucial points have been raised by certain studies. Most include:

• Studies emphasize that this project is strategically and economically successful. This success is due to that the capacity production of Linear Alkyl-Benzene, being used by the locally transformational industries in producing different types of detergents, is about 140 tons/day. Such factories export annually 50 thousand tons, which amount to about US$ 55 million/year.

• Studies have shown that from an economic viewpoint, by constructing such project, Yemen would save some US$ 40 million/year, especially that raw materials as Kerosene is available in sufficient quantities.

• The total cost of this project is estimated to be about US$ 250 million in order to be able to produce 50 thousand tons/year of this material.

• The production cost of one ton ranges between US$ 250-300. The world sale price is about US$ 900/ton, which indicates a possibility of gaining US$ 600 profit/ton. This means that the invested capital can be restored within a period of six and half years;

• According to analyses of collected data and information during the last period of time, it is possible to make an agreement with a consultant company to complete the economic feasibility study in 2005; following that is the promotional stage and the search for investors to invest in this project.

3)  Ma’reb Refinery Lab Updating and Expansion Project and Investment Lab Construction:

The Current Status of the Lab:

The lab in Ma’reb Refinery offers laboratory services to the refinery and oil companies operating in neighboring oil fields. Yet if the lab falls short in carrying out certain tests, such tests are done in Aden Refinery or somewhere outside Yemen. Thus, the lab is in need of being expanded and updated in order to meet and carry out all types of tests and analyses and provide good services.

The Project’s Study Plan:

 This study is to cover two main parts:

• Part 1: To study and carry out the expansion and updating phase of Ma’reb Refinery Lab;

• Part 2: To study and implement the construction of the investment industrial and oil labs.

Mechanisms of the Project’s Study and Implementation:     

Part I:

In Yemen, this part has been classified as an investment and service facility for YORC. It would be geared to meet currently unavailable lab analyses in addition to develop and update the existing devices and equipment. The following points would be covered:

• The evaluation and study of updating the equipment and tools of the current (old) lab, and carrying out maintenance, rehabilitation, and expansion works on the building;

• The implementation of the study concerned with renewing and updating the (old) lab as well as its existing devices and equipment;

• The execution of the study appertaining to expanding the old lab’s building as well as equipment and tools which are unavailable at the present time;

  Part II:

• The second part of this project is classified as an investment motion, which would meet the needs of oil and industrial companies with respect to carrying out lab analyses unavailable at the time being.

• The CCR, an American-Korean firm, has shown interest to invest in this project.

To carry out this part, the following should be implemented:

• The evaluation and study of the oil and industrial companies’ needs and demands of lab analyses especially those currently unavailable;

• The study and construction of a lab in Almukalla nearby production and exportation sites and navigation and industrial activities;

• The study and construction of a lab in Aden nearby Aden Free Area as well as navigation movement and importation and exportation of industrial and commercial products.

4) The Environment, Safety and Security Development Project:

• YORC has included this project in its 2004 plan, due that protecting the environment and following safety and security systems, procedures and measures are highly imperative;

• Achieving this can be through availing modern equipments, fundamental preparations and devices as well as meeting the demands of such a vital sector particularly in oil and gas establishments, which are highly hazardous.

• Within the project work plan, the Canadian Safa Oil Company has completed some tasks and relevant study; the study is of two sections:

  • Making the study on the required preparations and equipments needed for the safety and security system;

  • Drafting a study on the environmental aspects

• Finally comes the implementation of the study on seeking for local or non-local funding sources to complete the project;

5) Information Systems Network Project: 

• Since the outset of its establishment, YORC has started to study investment projects and promote for such projects in scientific seminars and international gatherings inside and outside Yemen. This made some aspirations come to true.

• As a result of exerting a lot of effort in the process of collecting data and information on relevant oil projects and on oil industries in general and refining industry in particular, it was extremely perquisite for YORC to archive and store such information by following modern ways and methods.

• YORC would benefit from this project through supplying investors with information with respect to open investments in this field;

•  Indeed, YORC started implementing the collection of data and information of this project in 2004 and the remaining parts to be carried out in 2005. Also steps are on the way to draft an agreement with a competent company entitled to study the project  Part of this project is an intranet linking the project’s financial affairs with the general project’s network.

6)  YORC’s Headquarters Construction Project:  

As soon as completing the procedures for purchasing the land for constructing its headquarter building, steps would be taken to seek for a competent engineering company to undertake the construction of the building. This would include steps like:

• Studying the forthcoming building site and soil;

• Preparing biddings;

• Selecting successful bidders

• Drafting construction contracts with competent companies to prepare engineering designs;

• Allocating sufficient money for this project depending its budget.

7)  Electric Power Project:

Phase 1 of this project is earmarked to study the construction of electric power plants and petrochemical industries in Dhamar province.

 

8) Some other  activities :

Besides the above-mentioned projects, YORC is to work in earnest to improve its performance and tasks. To do so, contacts have been made with some Arab and non-Arab agencies and organizations with respect of providing the company with their expertise and experiences in this domain.

• improve the specification of petroleum derivatives

• make use of side-refinery products.