Yemen aims to export about 75,000 bpd oil in 2019 - Minister
Oil output collapsed in 2015 when a Saudi-led military coalition intervened in Yemen’s war
New Delhi - The Saudi-backed government in Yemen hopes to scale up its crude production to 110,000 barrels per day (bpd) in 2019, with exports touching about 75,000 bpd, its oil minister told Reuters on Sunday. The government of Abd-Rabbu Mansour Hadi controls the southern port city of Aden and areas holding Yemen's oil-and-gas fields. The Iranian-aligned Houthi group controls the capital Sanaa and the oil terminal of Ras Issa on the western coast. Yemen's oil output has collapsed since 2015 when the Saudi-led military coalition intervened in Yemen’s war to try to restore Hadi's government to power. "We will maintain production from four blocks and are planning to build a pipeline to Arab Sea (Arabian Sea) to resume exports from these blocks," Hadi's oil minister, Aws Abdullah al-Awd, said in an interview. The conflict has choked energy output and shuttered a key export terminal and pipeline. Yemen produced an average of 50,000 bpd of crude in 2018 compared with around 127,000 bpd i...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.