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The Houthi-led government in Yemen has signed a memorandum of understanding with China's Anton Oilfield Services Group (AntonOil) and Chinese officials for investment in Yemen's upstream sector. Yemen's Oil and Minerals Minister had invited foreign companies to explore investment opportunities in the country's oil exploration sector. The Houthi-led government warned foreign companies against dealing with the Saudi-backed Presidential Leadership Council, the internationally-recognized government of Yemen. The recent Beijing-brokered truce between Riyadh and Tehran has positioned China to benefit from potential peace agreements, facilitating its capacity to make economic inroads in Yemen.

Houthis Sign Deal With China For Oil Exploration In Yemen

The Houthi-led government in Yemen has signed a memorandum of understanding with China’s Anton Oilfield Services Group (AntonOil) and Chinese officials for investment in Yemen’s upstream sector. Yemen’s Oil and Minerals Minister had invited foreign companies to explore investment opportunities in the country’s oil exploration sector. The Houthi-led government warned foreign companies against dealing with the Saudi-backed Presidential Leadership Council, the internationally-recognized government of Yemen. The recent Beijing-brokered truce between Riyadh and Tehran has positioned China to benefit from potential peace agreements, facilitating its capacity to make economic inroads in Yemen.

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