The European Union (EU) strongly condemned the attack by the Iranian-backed Houthi terrorist militias on the commercial ship (MINERVAGRACHT), which flies the Dutch flag in the Gulf of Aden.
Oil prices rose today, Thursday, ending a three-day losing streak, recovering from their lowest levels in 16 weeks, but expectations of increased supply from "OPEC+" next month limited the gains.
Oil Minister inspects arrangements to re-export Yemen oil
[17/10/2020 02:48]
MARIB - SABA
Yemen’s Minister of Oil and Minerals Aws al-Awd inspected the arrangements to re-export Yemen’s oil through the port of Al-Nushaymah in eastern Yemen’s Shabwa province. Al-Alwd visited Safer Company, the operator of the upstream, in Marib on Saturday and looked closely at the preparations to pump the oil through a pipeline to the port.
Al-Awd hailed the crucial role of the company of staffed by 100% Yemeni workforce for meeting the domestic demand on fuel and earning Yemen hard currency.
The resumption of oil export is expected to start before the end of this year.