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Gas-Pipeline DUBAI: A gas pipeline feeding Yemen's only liquefied natural gas (LNG) export terminal will take around a week to be repaired following an attack on it last week, the country's oil minister was quoted as saying.

 

The 320-km (200-mile) gas pipeline that links block 18 to the Belhaf terminal on the Gulf of Aden was attacked on Oct. 31.

 

Technical teams were immediately sent to repair the damage, and believe the work can be finished in about a week, state news agency Saba quoted oil and minerals minister Ahmed Dares as saying late on Saturday.

 

"The government is working to take a series of measures to secure the oil installations and to prevent any future acts or risk," said Dares. He did not elaborate on the new steps.

 

Yemen's oil and gas pipelines have been sabotaged repeatedly since anti-government protests last year created a power vacuum which armed groups exploited, causing fuel shortages and slashing export earnings in the impoverished country.

 

Copyright Reuters, 2012


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln