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Fri Jul 8 23:46:20 EDT 2011
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Yemen losses nearly at $1bn due to pipeline blast - Yemen: Yemen has lost nearly $1bn in revenues since a blast cut off the country's main oil pipeline, Reuters has reported, citing an unnamed senior official. The blast cut off the supply of oil from the central Maarib province to the main export terminal at Ras Isa on the Red Sea. It also stopped work at the main refinery in Aden, where officials this week began using oil donated by Saudi Arabia to begin a restart. [AMEInfo.com]


Yemen refinery to resume output - Yemen: Yemen's Aden refinery, shut for nearly two months following a blast that damaged the country's main oil pipeline, has said production is set to resume after receiving a shipment of Saudi-donated crude, Reuters has reported. "The refinery today began experimental operations after suspension of more than two months due to the halt of crude pipeline from Marib," a refiner official said. [AMEInfo.com]

Saleh in Saudi for medical treatment, says spokesman - Yemen: A Yemeni government spokesman has said President Ali Abdullah Saleh, wounded in a deadly attack on his compound on Friday, has arrived in Saudi Arabia for medical treatment as his vice president took over his duties, Bloomberg has reported. Vice president Abduraboo Mansur Hadi has taken over Saleh's duties "until the president returns," government spokesman Abdu Janadi said. [AMEInfo.com]

Yemen conflict costs economy $5bn - trade minister - Yemen: Yemen's trade minister has said the political crisis has cost the economy as much as $5bn and that immediate aid is needed to prevent a meltdown, Reuters has reported. "We have reports that the losses range between four to five billion dollars," Hisham Sharaf Abdalla told the news service. "The economy should not be held hostage to the political crisis, because the situation is alarming." [AMEInfo.com]

Light crude production in Yemen stopped - Yemen: Production and export of 110,000 barrels per day of light crude oil from Yemen's offshore Ras Isa terminal in the Red Sea have stopped after a mid-March blast on its main oil pipeline, Reuters has reported, citing shipping sources. "There have been no exports of crude from Ras Isa for the past three and a half weeks," one shipping source told the news service. "There has been no production of Marib Light crude since then." [AMEInfo.com]