Legitimacy recognized its oil exports and kept secret of the fate of the proceeds
English - Saturday 28 December 2019 الساعة 04:54 pm
aden,newsyemen
The Ministry of Oil and Minerals in the government of interim President Abd Rabuh Mansour Hadi has announced statistics of daily oil exports during the past three years, after resuming production and export of oil from a number of sectors and oil fields, but it was concealed on the fate of the proceeds of those exports.
The ministry’s recognition came in a recent report published by the official news agency in its version speaking in the name of legitimacy, in conjunction with the continuing collapse of the national currency and continued to stop the payment of salaries of more than one million two hundred thousand employees, as well as after more than three years of secrecy on oil exports and revenues.
The report said that since the beginning of the year 2018, Al-Nashaima Petroleum Port has become an important marine port for crude oil exports, and through which 600,000 barrels are exported every 40 days, indicating that this project is one of the alternatives that the Ministry took to return to the production and export of crude oil after the halting of the export pipeline Safer - Ras. Issa, after it became difficult to use for this purpose because the Houthi militia - the Iranian arm in Yemen - unloaded the pipeline of oil and made it vulnerable to echo and extinction.
The Ministry said that in cooperation with the oil companies, it was able to resume oil production from the S2 sector in Shabwa Governorate at 16 thousand barrels per day in 2018, and then resume oil production from the Malik 9 sector in 2019.
The report pointed out that during the year 2019, oil production was resumed in the governorate of Marib Sector (18) through the national operator Safer Exploration and Production Company, and Safer production reached 20 thousand barrels per day, including 8 to 10 thousand barrels locally, while the rest is exported
The report pointed out that production was resumed from the Messila fields in 2019 through the national operator Petro Messila to produce and explore oil, at about 33 thousand barrels per day.
He pointed to the return of the work of the Austrian Omv Company and the Cyprus Calvali Company, in addition to the presence of unremitting and continuous efforts to resume production and export of LNG, pointing out that the Ministry is currently working on preparing a new strategy for the oil sector that includes structuring and issuing a law related to oil agreements.
The Ministry of Oil talked about important projects to activate the oil sector, including the extension of the 82 km long crude oil pipeline, to link the sector of 5 Paradise to Sector 4 West Ayyad to export crude oil to the productive sectors 5, 18 and S1 through the Nashima Petroleum Port.
It stated that this project is of great importance because it will transport 57,000 barrels of oil per day, which can be increased, and will provide a daily income for the state amounting to about $ 3.6 million per day, and it will revive the production of fields and oil industries, and will contribute to the return of foreign companies operating for production and open the field for new investments and help return the work of a project Natural gas.
This report is the first of its kind for the legitimate government since the Houthi coup at the end of 2014, which caused the cessation of oil production and export from 2015 to 2017.
Despite the gradual resumption of production and export of Yemeni oil by the legitimate government since 2018, it is not yet known where the revenues of oil exports go.
The Hadi government relies on oil and financial grants from Arab alliance countries, especially a Saudi deposit of two billion dollars for the Central Bank of Yemen to cover only five commodities from food imports.
Without an external cover and with a total amount that reached about one trillion and seven hundred billion riyals during 2017 and 2018, while the total monetary mass that was printed by the central bank since its foundation until 2015 was in the range of eight hundred billion riyals, which accelerated the collapse of the Yemeni currency against foreign currencies And made it lose more than two-thirds of its value, according to economists.
The legitimacy government is still running its business without adopting an annual general budget and continues to issue appointments decisions in fake positions to officials who live with their families in hotels outside the country and the absence of transparency from all government work, including the total revenues achieved especially tax and customs and sales of oil and gas derivatives sold internally from a whistling sector Marb, while famine kills about eight million Yemenis and about 24 million people need life-saving humanitarian assistance, according to UN statistics.
