Informed sources revealed extensive moves led by the internationally recognized Yemeni government, with direct support from the Kingdom of Saudi Arabia, aimed at resuming crude oil exports from Hadhramaut province in the east of the country. This step comes after a forced halt to export operations that lasted for about four years, leading to an exacerbation of the financial and economic crises afflicting state institutions.
The sources explained that these new economic arrangements aim to enable the government to restart vital oil and gas sectors to confront increasing pressures and provide the necessary liquidity. Through this step, the authorities seek to secure sustainable financial resources that contribute to alleviating the severity of the livelihood collapse affecting the areas under their control.
In a related context, reports indicated that the Yemeni government is looking to obtain support from the United States of America to secure oil extraction and export operations from the Masila fields in Hadhramaut. This international coordination aims to neutralize oil installations from any potential military threats, especially after the attacks that targeted export ports in late 2022.
On the technical front, government sources reported that the Ministry of Oil received positive signals to begin restart procedures, although no final and decisive decision has been issued yet. The ministry faces technical challenges, as some fields and pipelines leading to Al-Dabba oil port require comprehensive maintenance operations after the long period of停滞.
These moves coincide with a wave of angry popular protests in the interim capital Aden and the city of Mukalla, due to long power outages amid rising temperatures. Citizens expressed their dissatisfaction with the deterioration of basic services by blocking main streets and demonstrating in public squares, demanding radical solutions to the crisis.
The Yemeni government suffers from a significant financial deficit resulting from a decline in public revenues and the cessation of oil exports, which were the most important source for the general budget. This situation has led to irregular payment of public employees' salaries and a deterioration in the value of the local currency, which has doubled the suffering of Yemeni families in various governorates.
According to available data, there are 8 oil sectors still capable of production out of a total of 12 sectors in the country, while 4 sectors are completely out of service and require deep technical interventions. Engineering teams are currently working to assess the damage to strategic transport lines to ensure the safe flow of crude towards export ports on the Arabian Sea.
It is worth noting that the Yemeni economy is experiencing one of its most difficult historical stages due to the scarcity of financial resources and foreign currency, in addition to the extreme difficulties in importing raw materials. The government is betting that resuming oil exports will be a turning point to revive the national economy and improve the level of basic services provided to citizens.
The Ministry of Oil has received positive signals to begin restarting the oil sector, but there is no decisive decision yet.
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Yemeni moves, backed by Saudi Arabia, to resume crude oil exports from Hadhramaut