Oil Ministry Says Saudi Arabia Is Stealing Yemen’s Oil October 6, 2018 Niamh Harris Middle East , News 3 Yemen’s Oil and Mineral Ministry says that Saudi Arabia is looting the country’s oil resources in a move which is a blatant violation of international law. OMV AG’s return to an oil field in Yemen marked a small step toward a comeback in production for the Middle East’s poorest country, where a proxy war between Saudi Arabia and Iran has choked Oil Minister meets Acting Director of Office of UN Envoy for Yemen [03/March/2020] SANAA, March 3 (Saba) - Minister of Oil and Minerals Ahmed Daress on Tuesday met with Acting Director of Office of UN Envoy for Yemen Ayman Makki. However, Ministry of Oil and Minerals (MOM) is trying to upgrade the current capacity as well as to build new refinery at, Hadhramot. The licensing of exploration opportunities in Yemen is neither new nor unfamiliar to us as we have long experience in Yemen in promoting oil and gas. Yemen is a small oil producer and does not belong to the Organization of the Petroleum Exporting Countries (OPEC). Unlike many regional oil producers, Yemen relies heavily on foreign oil companies that have production-sharing agreements with the government. Income from oil production constitutes 70 to 75 percent of government revenue and about
19 Apr 2019 Fire and smoke in an oil storage tank at the main oil refinery in Aden, Yemen, Most of those ministers and their families live outside Yemen. 10 Feb 2019 The war-torn Arabian Peninsula country produced an average 50000 BPD oil in 2018 compared with an average of around 127000 barrels per
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.
Yemen’s Hadi names new energy minister amid drive to boost oil output The ministers will join the cabinet of Prime Minister Maeen Abdulmalik Saeed, whom Hadi appointed on Oct. 15. (Reuters) Yemen’s President Abd-Rabbu Mansour Hadi has taken the first step towards a long-awaited cabinet shuffle, installing new interior and oil ministers. On 7 March, a presidential decree appointed Major General Abdo Hussein Al-Tareb as interior minister, replacing Abdel-Qader Qahtan. At the Ministry of Oil and Minerals, the new minister is Khaled Mahfouz Bahah, who fills the post vacated by the
An additional factor which could influence the oil scene in Yemen is the recent changes in the Ministry of Oil and Mineral Resources. The new minister is Dr. MINISTRY OF OIL AND MINERALS i. AND. ; i- DNOASA. [ '!- ANSAN WIKRS ( HADRAMAUT)LTD. 5. L. L. 3- TG HOLDINGS YEMEN INC. C THE YEMEN 10 Feb 2020 Yemeni official: UAE-backed groups torpedo Riyadh pact. Top official calls We have said this over and over again," Transport Minister Saleh al-Jabwani said on Twitter. Oil heading for 20% weekly loss, worst in 29 years