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Oil exports to restart from Yemen province

Industry

Oil exports from Yemen’s Maarib province have been scheduled to restart next week after violence forced shipments to stop for more than a year, the country’s oil minister has said

According to Reuters, the halted exports from the province caused losses of up to US$15 million a day.

The Maarib oil pipeline, which carries crude to the Ras Isa export terminal on the Red Sea coast, has been regularly targeted by militant since anti-government protests led to the downfall of former president Ali Abdullah Saleh last year.

Yemen oil minister Hisham Sharaf said, “The technical teams that are being protected by the military will finish repairs of the [Maarib] pipeline this week.

"We will begin to pump oil from the Maarib fields to the port of Ras Isa on the Red Sea by next week," he added.

Yemen's Aden refinery, which was responsible for the production of 150,000 barrel per day, was forced to close following attacks on the pipeline.

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