Yemen's Oil Ministry Denies Rumors of Privatizing PetroMasila Sectors

Yemen's Oil Ministry Denies Rumors of Privatizing PetroMasila Sectors

The Yemeni Ministry of Oil and Minerals, part of the internationally recognized government, has firmly denied rumors regarding the privatization of certain sectors within PetroMasila, the country’s oil exploration and production company. This clarification was issued on Wednesday, December 2...

Safer Launches Phase One of Production Development in Sector 18

Safer Launches Phase One of Production Development in Sector 18

Mareb, Yemen – On Tuesday, November 26, 2024, Safer Exploration and Production Company announced the launch of its submersible pump (ESP) project at Well Unit 2, with an estimated production capacity of approximately 800 barrels of crude oil per day. In a statement reported by the officia...

Al-Arada Emphasizes Enhancing Productivity in the Oil and Gas Sector

Al-Arada Emphasizes Enhancing Productivity in the Oil and Gas Sector

  Sultan Al-Arada, a member of the Presidential Leadership Council and Governor of Marib stressed the importance of addressing challenges in the oil and gas sector to improve productivity and support the national economy. During a meeting held on Saturday, Al-Arada underscored the need for...

Oil Spill Contaminates Aden Beach, Raising Environmental Concerns

Oil Spill Contaminates Aden Beach, Raising Environmental Concerns

The General Authority for Environmental Protection (GAEP) has reported an oil spill contaminating the coast of the Mahram area in the Buraiqah district of Aden, the temporary capital of Yemen. The affected stretch of coastline is estimated to be between 250 and 300 meters long. In a statement r...

Yemen to Resume Oil Exports After Economic De-escalation Agreement

Yemen to Resume Oil Exports After Economic De-escalation Agreement

  The internationally recognized Yemeni government is making arrangements to resume oil exports through the Nashimah port in Shabwah Governorate (eastern Yemen). This follows an announcement by UN Special Envoy for Yemen, Hans Grundberg, that Yemeni parties have reached an agreement on the...

Oil Slick Spotted After Houthi Attack on Red Sea Ship

Oil Slick Spotted After Houthi Attack on Red Sea Ship

A 220-kilometer oil slick has been spotted in the Red Sea off the coast of Yemen, following a Houthi attack on an oil tanker on Monday, according to the UK-based Conflict and Environment Observatory.   The non-governmental organization, which monitors the environmental impact of conflic...

Nine Rescued, One Body Found After Oil Tanker Capsizes off Oman Coast

Nine Rescued, One Body Found After Oil Tanker Capsizes off Oman Coast

A search and rescue operation following the capsizing of an oil tanker off the coast of Oman has resulted in the rescue of nine crew members and the discovery of one body, according to the Omani Maritime Security Center on Wednesday, July 17, 2024. The search for the remaining six crew members con...