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Yemen exports the first crude pumped since civil war began

Yemen has exported its first shipment of newly produced crude oil since civil war broke out in 2015, a milestone for the Arab world's poorest country as it seeks to overcome economic losses from the conflict.

Yemen exports the first crude pumped since civil war began

Yemen has exported its first shipment of newly produced crude oil since civil war broke out in 2015, a milestone for the Arab world's poorest country as it seeks to overcome economic losses from the conflict.

The Ministry of oil Yemen reported on August 2, 2018

The 500,000 barrels of crude were from resumed production in the S2 block in the Aqla area of Shabwa and were shipped from the Rezum oil terminal in the southern province, the oil and minerals ministry said.

The shipment was awarded to a Chinese petroleum company based on Brent crude rates after a global tender in which 35 companies took part, according to a ministry statement reported in the state-owned Saba news agency on Wednesday.

The ministry said Shabwa and other oil-producing provinces would receive 20 per cent of the revenues from crude they produce, maintaining a policy introduced by President Abdrabu Masur Hadi after he was elected in 2012.

The ministry is working to restart production in the remaining oil blocks in Shabwa, Hadramawt and Marib provinces, the secretary to the oil minister, AbdulAziz Al Oulaqi, told The National.

The government has re-established control in these provinces with the help of the Saudi-led Arab Coalition which intervened in the war at Mr Hadi's request in March 2015.

Large areas of northern Yemen including the capital, Sanaa, remain under the control of the Iran-backed Houthi rebels.

Fresh talks to end the war will be held in the Swiss city of Geneva next month, diplomatic sources told the Asharq Al Awsat newspaper.

The UN special envoy to Yemen, Martin Griffiths, is expected to announce the details to the Security Council at the UN headquarters in New York on Thursday.

To read this news in Russian.

Source : Neftegaz.RU


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