Investment projects in Aden Free Zone [Archives:2005/895/Business & Economy]

MAHYOUB AL-KAMALI
YEMEN TIMES STAFF
Aden oil refinery is expected an increase in its annual production of oil products for this year estimated at more than five million metric tons, with an increase estimated at one million metric tons in comparison with the last year.

A statistic issued by the refinery's management indicated that the average of daily production of oil products has risen to 120 thousand barrels after the completion of maintenance works and operation of two production units, each with a capacity of 75 thousand barrels per day. The statistic clarified that the technical teams working at the refinery have recently carried out maintenance works in the four platforms of the refinery; each platform is 15 and half meters deep. Maintenance works also included painting, boosting lighting and modernization of the site where local and foreign oil tankers are received. Those tankers' loads weights exceed 130 thousand metric tons. Maintenance also included the development of the two platforms for shipment of liquefied gas amounting to around 4.5 thousand metric tons per day.

On the other hand, the number of projects implemented in the free zone in Aden until last October amounted to 111 projects in areas of industry, tourism, storage, housing, trade and services at an investment cost amounted to $384 million, 379 thousand and 879 hundred. A statistic issued by investment services administration at Aden free zone covering the period from January 2000 until October 2005 mentioned that industrial projects came as priority, the number of which reached 28 with a cost of $153 million and 274 thousand. The statistic also mentioned that housing projects amounted to 7, costing $116 million, 642 thousand and 701 hundred. Other projects included ten in tourism, 14 trade projects and 10 storage projects.
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