Yemen Company For Investment in Oil & Minerals
Privileges
YICOM, its affiliated companies and the contractors and sub contractors who should undertake the different activities within concerned area shall be:
¤ Permitted to import and shall be exempt from customs duties.
¤ Re-export any material, equipment or goods imported into Yemen for the purposes of petroleum operations.
¤ Exempt from payment of concession royalties to Yemeni organization.