President orders to cancel diesel contract

SANA’A, Oct 24 (Saba)- President Ali Abdullah Saleh gave orders to cancel a contract with contactor who is supplying the general corporation for electricity with diesel. Acting executive manager of the Yemeni Oil Company Amr al-Arhabi stated to Saba that the order based on reports of the Central Organization for Controlling and Auditing (COCA) and recommendations of the concerned bodies that revealed economic risks of the contract at the national level andits bad effects on the financial situation of the corporation and thecompany. He added that the president’s order was welcomed by the employees of the company who said that the order would save jobs of more than 1500 workers in the company. The company was set up in 1961 to buy and market all kinds of oil products. AH/NS SABA