Crude oil shipments from Yemen have resumed on a small scale after stalling since early last year because of the continuing civil war.
“With the resumption of production and exports from Masila oil field, the national economy is back on its own two feet,” Saif Al Sharif, the oil and mining minister, told the state-run news agency Sabanew on Thursday.
Yemen port authorities said late last month that they would reopen the crude terminal at Ash Shihr, about 800 kilometres east of Aden, where oil from the fields run by PetroMasila and most other Yemen fields is lifted.
PetroMasila has been operated entirely by indigenous staff since the end of last year following the exit of the Canadian oil company Nexen, which had been its operator. Most foreign oil companies have quit Yemen because of the war, as well as declining oil production from its relatively small fields.
The oil tanker Seaprince lifted a 1 million-barrel cargo of Masila crude oil on August 2 and a 3 million-barrel cargo is due to be lifted by the oil tanker Ataka, according to shipping sources. Both ships are owned by the tanker division of commodity trader Glencore and are bound for China and Singapore, respectively.
Abdrabu Mansur Hadi, the president, has instructed that 1 million barrels of crude be exported to the refinery at Aden, Sabanew reported. He said he hopes production from Marib and Shabwa will resume soon, as well as oil and gas exports from Ras Isa and Balhaf ports, the agency reported.
The situation in Yemen has improved since spring, when forces loyal to Mr Hadi, together with those from the UAE regained control of the largest oil-exporting port from Al Qaeda insurgents and took the town of Al Makulla, which lies 70km to the east of Ash Shihr.
amcauley@thenational.ae
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Our House, Louise Candlish,
Simon & Schuster
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
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Saturday's results
Brighton 1-1 Leicester City
Everton 1-0 Cardiff City
Manchester United 0-0 Crystal Palace
Watford 0-3 Liverpool
West Ham United 0-4 Manchester City
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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