• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 59 mins Satellite Moons to Replace Streetlamps?!
  • 16 hours US top CEO's are spending their own money on the midterm elections
  • 2 hours EU to Splash Billions on Battery Factories
  • 2 hours U.S. Shale Oil Debt: Deep the Denial
  • 3 hours The Balkans Are Coming Apart at the Seams Again
  • 18 hours OPEC Is Struggling To Deliver On Increased Output Pledge
  • 3 hours The Dirt on Clean Electric Cars
  • 1 day Petrol versus EV
  • 14 hours Uber IPO Proposals Value Company at $120 Billion
  • 4 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 20 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 16 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 21 hours 10 Incredible Facts about U.S. LNG
Alt Text

Move Aside Lithium – Vanadium Is The New Super-Metal

Lithium took investors across the…

Alt Text

OPEC Turns On The Taps To Counter Iranian Outages

OPEC reported a collapse in…

Alt Text

US Demands For More Oil Could Backfire

The State Department’s request for…

Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

War-Torn Yemen Restarts Oil Exports

Yemen oil port

Despite a worsening humanitarian crisis in Yemen amid a war between the Houthi rebels and a coalition between Saudi Arabia and the UAE, the poorest Arab country has found a way to restart oil production and has even exported the first cargo: 500,000 barrels from a field in the southern Shabwa province bound for a Chinese company, The National reports.

This is the first outbound shipment of crude oil from Yemen since 2015 when a civil war broke out and quickly escalated into an international conflict. It was offered in an open tender, in which 35 companies from around the world took part, the Yemeni ministry of oil and minerals said in a statement.

Now there are plans to restart the rest of the oil fields in Shabwa and neighboring provinces, the secretary to the oil and minerals minister told The Emirati daily. The provinces are under the control of the elected government that the Houthis are fighting, as a result of the intervention of the Saudi and Emirati forces.

The Houthis have accused Saudi Arabia of stealing more than half of the country’s oil production in collaboration with French Total—a company that has been present in Yemen since before the war.

“Saudi Arabia has set up an oil base in collaboration with the French Total company in the Southern parts of Kharkhir region near the Saudi border province of Najran and is exploiting oil from the wells in the region," Yemeni economic expert Mohammad Abdolrahman Sharafeddin told Fars News Agency of Iran last March. "Sixty-three percent of Yemen's crude production is being stolen by Saudi Arabia in cooperation with Mansour Hadi, the fugitive Yemeni president, and his mercenaries.”

Meanwhile, the Houthis have offered a two-week ceasefire for the Red Sea to the Arab coalition, which, they said, could be extended and expanded if it is received favorably by the Saudis and the Emiratis.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


x


Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News