Their News [Archives:2008/1191/Local News]

September 18 2008

– Total launches the training and recruitment of 75 Yemeni graduates

As part of TOTAL commitment to create job and development opportunities for Yemeni nationals, Total E&P Yemen is launching an intensive Training Program of 18 months for 75 Yemeni graduates with degrees in Petroleum, Chemical, Mechanical, Electrical, Telecommunications, or Instrumentation Engineering.

Applications should be sent to No applications will be considered after 24 October 2008.

The training program, which will start in January 2009, will cover English language training, technical training, and on-the-job training. The successful 75 trainees will be employed directly by Total E&P Yemen upon the completion of this training program.

Mr. Martin Deffontaines, the General Manager of Total E&P Yemen, referred to the importance of this training program in providing Yemeni young men with the technical skills and expertise they need in order to play their role both at the present and in the future in the oil industry of Yemen. He added that, 'TOTAL is also committed to the recruitment of Yemeni nationals in its operations. TOTAL's operations in Yemen are expanding steadily and the training and recruitment of 75 young Yemenis will help increase the company's production of oil from Block 10.'

About Total E&P Yemen

Total E&P Yemen is the operator of Block 10, east of Shabwa and holds several other participations in oil exploration and production blocks. TOTAL is the major foreign investor in Yemen. Since 1997, the company has been producing from Block 10 and has celebrated early this year the production of 100 million barrels

– U.S. Government Signs $3.1 Million Agreement to Strengthen Work Opportunities and Skills of Yemeni Youth

On September 15, 2008 U.S. Ambassador to Yemen Stephen A. Seche signed a Limited Scope Grant Agreement (LSGA) with the Yemeni Ministry of Planning and International Cooperation (MOPIC), granting over $3.1 million dollars to support initiatives providing workforce and skill development opportunities for vulnerable Yemeni youth. The agreement will focus on two separate areas aimed at empowering Yemen's youth population. The first component, the Small and Micro Enterprise (SME) Competitiveness Project, will develop small businesses to provide additional employment opportunities for youth in targeted areas. The second component will provide vocational technical, and other training opportunities to provide Yemeni youth with the skills needed for immediate employment and income-generation.

The end goal of this project is to increase youth workforce opportunities through on-the-job training resulting in increased productivity, competitiveness, and workforce resiliency. Over the two years of the grant, it is hoped the activities sponsored by the U.S. Government will promote sustainable economic growth in the Yemeni economy. Ultimately, the program also aims at engaging Yemeni youth in positive economic activity and away from the influence of radicalization and violence.

Speaking after the signing, Ambassador Seche said, “This agreement will allow us to address the vulnerability of the Yemeni youth; dealing with the challenges youth face, and developing youths potential. It is our hope that this will result in decreasing youth vulnerability and enabling vulnerable youth make informed, practical, and positive life choices that contribute towards the stability and prosperity of their communities.”

– Yemen-based banks record net profits of US$100 million in 2007

YEMAN. Yemeni economic statements have revealed the net profits of all banks operating in Yemen during the financial year 2007 didn't exceed US$100 million and their profits in 2006 reached US$70 million.

According to their financial statements, the small proportion of the total profits of domestic and foreign banks operating in the country created many doubts about their capacities to promote the process of economic development and investment in Yemen.

Seven commercial and Islamic banks have released statements of their profits in 2007 which ranged from US$2 million to US$11 million, while the Yemeni Bank for Reconstruction and Development's profits were US$15 million.

The financial statements showed that US$55.3 million were the net profits of the Tadhamun International Islamic Bank, the National Bank of Yemen, which is fully state-owned, Yemen Commercial Bank, the Yemeni Bank for Reconstruction and Development, French-based Calyon Bank in Sana'a, the Cooperative and Agricultural Credit Bank, and United Bank Limited's branch in Yemen.

While financial statements for International Bank of Yemen, Yemen Gulf Bank, Yemen Kuwait Bank, Shamil Bank of Yemen and Bahrain, Islamic Saba Bank, the Islamic Bank, Arab Bank's branch in Yemen were not cited for 2007, their average profits in 2006 were between US$2 milion and US$6 million.

Economic experts said the decline in banking' profits was due to mostly to funds being invested in treasury bills which made them unable to keep pace with developments in Arab and international banking activities, as well as their weak performance and inability to expand banking activities in various provinces of the country.

– Yemen celebrates International Ozone Day with new stage of Methyl Bromide soil fumigation alternatives

Mr. Faisal Gaber, director of the National Ozone Unit has announced the second stage of training the national trainers (farmers) on two of methyl bromide soil fumigation alternatives: Solar fumigation and Biofumigation that are being held in Sa'dah governorate during this month.

The announcement came on the occasion of Yemen celebration – with other world countries- of the International Ozone Day on September 16 every year. And for this occasion

National Ozone Unit in collaboration with German Technical Cooperation PROKLIMA\ GTZ prepared a Phase-out Program for Methyl Bromide uses in soil fumigation since 2005, considering that 10 Kgs of this substance contribute in depletion of six Kgs of the Ozone Layer. The main goal of the programme is to reduce the uses of Methyl Bromide in soil fumigation from 36 ODP tone in 2007 to 20 ODP tone in 2010 and to zero in 2015.

In the first stage the alternatives were experienced with three farmers. This time it is with new ten farmers. The third stage will be to announce the alternatives that are being applied in some areas in Sa'dah and consequently generalization of the alternatives after ascertaining its success. “The program aims at assisting the local farmers to address the new Methyl Bromide alternatives which will be achieved by selecting technologies that are suitable to the nature and climate of Yemen