A government source revealed on Saturday, July 27, that Yemen is on the verge of an agreement that would allow the internationally recognized government to resume oil exports, ending the forced ban imposed by the Houthi group, designated as a terrorist organization by several countries.

The source, who spoke to Barran Press on condition of anonymity as they were not authorized to speak to the media, said that the resumption of exports would be carried out under a "new mechanism," without elaborating on the details.

The source added that the anticipated agreement "comes within the framework of regional and international mediation efforts led by the United Nations between the internationally recognized Yemeni government and the Houthi group."

Last Wednesday, government sources told Barran Press that the internationally recognized Yemeni government was making arrangements to resume oil exports through the Nashīma port in Shabwah governorate (eastern Yemen).

In this context, the governor of Shabwah, Awadh bin Wazir, instructed the Oil Investment Company to expedite the repair of the marine buoy pipeline at the Nashīma export port on the coastal strip in Radhum district (south of the governorate), as the official contractor for oil exports, according to the official Yemeni news agency Saba.

Oil exports were halted in October 2022 due to attacks launched by the Houthis on oil export ports in areas under government control.

The Houthis have insisted on refusing to allow the resumption of oil exports, demanding an agreement on a mechanism where all public sector employees in all regions of Yemen receive their salaries from oil revenues.

Yemen is facing a severe financial crisis, exacerbated by the halt in oil exports for a year and a half, due to the repercussions of the conflict between the government and the Houthis, which began after the latter's takeover of the capital Sana'a and several governorates in late 2014.

Last Tuesday, July 23, the office of the UN Special Envoy to Yemen, Hans Grundberg, announced an agreement between the internationally recognized Yemeni government and the Houthi group on several de-escalation measures related to the banking sector and Yemenia Airlines.

Grundberg's office stated that it had received a written text from both parties, including an agreement to "cancel recent decisions and measures against banks from both sides and to refrain from any similar decisions or measures in the future."

The agreement, according to the statement, also included the resumption of Yemenia Airlines flights between Sana'a and Jordan, with the number of flights increasing to three per day, and the operation of daily flights to Cairo and India, or as needed.

The agreement also included holding meetings to address the administrative, technical, and financial challenges facing the company, and to begin holding meetings to discuss all economic and humanitarian issues based on a roadmap.