In 2019, Yemen Is Planning To Export Around 75000 bpd Oil
The Saudi-backed government of Yemen is hopeful to increase its crude production to 110, 000 barrels per day (bpd) in 2019. It is expected that the exports can touch around 75000 bpd, according to the oil minister.
The government of Abd-Rabbu Mansour Hadi commands the southern port city of Aden and also areas that contains Yemen’s oil and gas fields. The Iranian-affiliated Houthi group handles the capital Saana and the oil-terminal of Ras Issa which lies on the western coast.
The oil output of Yemen has crumpled since 2015 when the Saudi-led military coalition mediated in Yemen’s battle to try to bring back Hadi’s government to power.
Hadi’s oil minister, Aws Abdullah al-Awd, stated that they would be maintaining production from four blocks and are preparing to construct a pipeline to Arab Sea (Arabian Sea) to begin again exports from these blocks.
The battle has clogged energy output and shielded a crucial export terminal and pipeline.
Yemen generates an average of 50,000 bpd of crude in 2018 in comparison with around 127,000 bpd in 2014. Last year, Yemen exported some amount of oil.
Yemen has showed that they have oil reserves of around 3 billion barrels, according to the U.S. Energy Information Administration (EIA).
The oil minister stated that Yemen also wants to starts again production of LNG, which had been stopped as a result of the battle.
The minister forecasted that LNG output would increase in 2019 to 6.7 million tonnes and half of that amount would be exported.