The Houthi companies controlling the fuel market: Revealed

Documented reports revealed that influential figures in the Houthi group established sub-companies with the aim of importing, selling and distributing oil derivatives in the areas under the militia's control in conjunction with its control of the fuel market.

The most prominent of these companies are: Star Plus Yemen, owned by Saddam Al-Faqeeh, Abkar Company, owned by Abdullah Abkar Abdel Bari, Azal Petroleum, owned by Mohammed Gawbar, and Jima Yemen, owned by Ahmed Materah. There are also : Atlantic Oil, owned by Ahmed Al-Baydani, Yahya Osayli, Fuel Oil company, owned by Qusay Al-Wazir, Blansco, owned by Wadie' Al-Ru'ayni, and Henshel, owned by Mohammed Henshel. According to a report issued by the "Regain Yemen Initiative".

New oil companies appeared as, Yemen Towers, Black Gold, Al-Zahra'a, Yemen Crude, Al-Jubahi, Atico, Petroleos, Aman Gasoline, Taqaو Yemeni Investments Company and Yemen Elaf, which are owned, respectively, by Houthi figures: Ali Qarshah, Abdullah Al-Wazeer, Zayd Al-Sharafi, "Mohammed Abdullah Al-Jabahi, Naji Al-Quaisi, Hussein Al-Mutai'i, and Abdullah Dabash.

The Houthi group is putting pressure on the banking sector in its areas of control, taking advantage of the fact that the majority of banks have their main centers in Sana’a, and this is one of the group’s sources of strength in its economic war.

The facilities provided by the Bank of Yemen and Kuwait were in the name of Black Diamond Company, which also transferred funds to more than one company, including Al-Sharafi Oil Derivatives Trading Company.

The Black Diamond Company also collects the funds of its sales of oil derivatives and transfers it through the account of the Sweid Exchange Company at the Bank of Yemen and Kuwait, which contributes to illegal enrichment operations and granting credits to fictitious Houthi companies.