Report: Oil production, export resumed, companies return

Presidential Leadership Council reviews national, regional developments

The Presidential Leadership Council (PLC) held a meeting Today, Thursday, presided over by His Excellency President Dr. Rashad al-Alimi, Chairman of the Council, with the presence of its members Aidarous al-Zubaidi, Dr. Abdullah al-Alimi, Othman Mujalli and via video conference Tariq Saleh and Abdul Rahman al-Mahrami, while Council members Sultan al-Aradah and Faraj al-Bahsani were absent with excuse.

Bulgaria, Romania, Austria to sign declaration supporting Bulgaria's accession to Schengen by land

Bulgaria’s Caretaker Prime Minister has said that on Friday, November 22, the interior ministers of Bulgaria, Romania and Austria will sign a declaration supporting the full membership of Bulgaria to the Schengen Zone.

S. Korea's exports rise up 5.8 percent

South Korea's exports rose 5.8 percent year-on-year in the first 20 days of November, driven by strong global demand for semiconductors and ships.

Portugal beats Poland 5-1 qualifying for knockout stages of UEFA Nations League

Portugal qualified for the knockout stages after of UEFA National League after defeating Poland 5-1.

Last Update: ، 2024/11/21 Time 10:30:02
Latest News:

Al-Zubaidi: Australia's designation Houthis, terrorist group supports international unity against terrorism

Al-Aradah discusses military developments with advisor of UN envoy for Yemen

CBY Deputy Governor discusses economic, financial developments with Chinese diplomat

Yemen signs an agreement with Arab League to organize goods transport on highways

PM receives Chinese Chargé d'Affaires to Yemen

Report: Oil production, export resumed, companies return

[27/12/2019 05:59]

ADEN-SABA
Ministry of Oil and Minerals reported that it has managed to resume oil production and export, subsequently some foreign oil firms come back to the country to operate.

An annual report by the ministry the Yemeni News Agency (Saba) familiar with stated that oil production and exports were resumed in S2 bloc in Shabwah governorate with total capacity 16 thousand barrel per day (bpd) in 2018. In 2019 oil production resumed in Malik 9 bloc in Shabwah.

According to the report oil production and export also resumed in 2019 in Marib governorate block (18) by Safer Oil Company with total capacity 20 thousand (bpd), 8 to 10 thousand barrels out of which are refined locally and the remaining quantity is exported.

Oil production and export also resumed in al-Massila oil fields in the governorate of Hadramout through Petromassilah Oil Company with 32 thousand (bpd), according to the report.

The ministry's annual report noted that the Austrian oil firm (OMV) and the Cyprus Calvary have already returned to the country and resume their oil businesses.