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Yemen's president appoints new oil minister

Source: Reuters - Mon, 16 Jun 2014 18:50 GMT
Author: Reuters
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DUBAI, June 16 (Reuters) - Yemeni president Abd-Rabbu Mansour Hadi appointed Hussein Rasheed Jamal al-Kaf as the country's new oil minister on Monday, state news agency Saba said.

Hadi replaced several top ministers, including the electricity, finance and foreign ministers, last Wednesday amid rising popular discontent driven in part by power cuts and high prices.

He named Ahmed Abdul Qader Shayyeh as oil minister at the same time but Saba reported on Monday that Shayyeh had declined the post on health grounds.

Domestic insurgencies and a nationwide fight against Al Qaeda militants in the country have hit impoverished Yemen's economy, as oil and water resources decline.

Wealthy Gulf neighbours and the West fear for the stability of Yemen, which shares a long border with the world's top oil exporter, Saudi Arabia. Washington has stepped up support for the government and military at the same time it has launched deadly drone strikes on suspected Islamist militants there. (Reporting by Mohammed Ghobari; Writing by Noah Browning; Editing by Catherine Evans)

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