The project of the Marib refinery extension and making oil reservoirs in Hodeidah would cost $ 100 million, according to a report released by the ministry.
 
It said that the project aims at improving the oil derivatives based on international standards, reducing the costs of carrying oil from Marib to other governorates and rapidly covering increasing demands of oil derivatives.

The report said that the extension process would also include updates in the mechanism of controlling the refinery to reduce oil wastes or any emergent problems.

Noteworthy, Yemen-Gulf Company for Petroleum Services announced last May it would start constructing an oil refinery in Ras Issa of Hodeidah next August with approximately cost of $ 200 mln. It that the first stage might come to end on August 2009.

It said that the production might start on October 2009 with capacity of 45,000 barrels daily to cover the demands of local
market of crude oil, diesel and gas.