BR100 Decreased By (-0.98%)
BR30 Decreased By (-0.58%)
KSE100 Decreased By (-0.97%)
KSE30 Decreased By (-1.07%)
AGHA 7.70 Decreased By ▼ -0.11 (-1.41%)
BECO 5.13 Decreased By ▼ -0.08 (-1.54%)
BML 56.67 Decreased By ▼ -0.83 (-1.44%)
BOP 33.75 Decreased By ▼ -0.28 (-0.82%)
CNERGY 9.88 Decreased By ▼ -0.08 (-0.8%)
CSIL 5.29 Decreased By ▼ -0.02 (-0.38%)
FCCL 53.09 Decreased By ▼ -1.61 (-2.94%)
FFL 16.52 Decreased By ▼ -0.17 (-1.02%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.22 Decreased By ▼ -0.18 (-2.43%)
KOSM 5.72 Decreased By ▼ -0.05 (-0.87%)
LOTCHEM 29.31 Decreased By ▼ -0.01 (-0.03%)
MLCF 92.16 Decreased By ▼ -2.20 (-2.33%)
NBP 201.61 Decreased By ▼ -1.44 (-0.71%)
NCPL 56.45 Decreased By ▼ -0.55 (-0.96%)
NPL 66.57 Decreased By ▼ -1.13 (-1.67%)
OGDC 316.29 Increased By ▲ 0.45 (0.14%)
PACE 10.48 Decreased By ▼ -0.16 (-1.5%)
PAEL 42.04 Decreased By ▼ -1.16 (-2.69%)
PIBTL 16.41 Decreased By ▼ -0.33 (-1.97%)
PPL 216.84 Decreased By ▼ -2.94 (-1.34%)
PRL 50.86 Increased By ▲ 1.67 (3.39%)
PTC 69.86 Decreased By ▼ -0.67 (-0.95%)
SSGC 26.98 Decreased By ▼ -1.27 (-4.5%)
TBL 9.73 Decreased By ▼ -0.13 (-1.32%)
TELE 8.65 Decreased By ▼ -0.14 (-1.59%)
TPL 17.90 Decreased By ▼ -0.34 (-1.86%)
TPLP 13.39 Increased By ▲ 0.12 (0.9%)
TREET 22.56 Decreased By ▼ -0.16 (-0.7%)
TRG 59.26 Decreased By ▼ -0.88 (-1.46%)
Markets

Yemen resumes oil flow in main export pipeline

Published Updated

oilwe2SANAA: Yemen resumed pumping crude through its main oil export pipeline on Saturday, two days after armed tribesmen blew it up in the latest attack on the country's energy infrastructure, government officials and oil industry sources said.

 

Yemen's oil and gas pipelines have repeatedly been sabotaged by insurgents or angry tribesmen since anti-government protests in 2011 created a power vacuum in the Arabian Peninsula country, causing fuel shortages and slashing export earnings for the impoverished state.

 

Oil Ministry officials said that pumping resumed on Saturday morning after engineers, backed by Yemeni government forces, repaired the rupture in the pipeline caused by Thursday's attack in the Serwah region in the central Maarib province.

 

"The assailants opened fire on the engineers to stop them from repairing the pipeline, but the force accompanying the engineers responded to the fire and chased the assailants away," the ministry said in a statement on its website.

 

Yemen's stability is a priority for the United States and its Gulf Arab allies because of its strategic position next to top oil exporter Saudi Arabia and shipping lanes, and because it is home to one of the most active wings of al Qaeda.

 

Yemen resumed oil pumping on Dec. 31 at a rate of around 70,000 barrels per day (bpd) after a previous round of repairs to a pipeline which had carried around 110,000 bpd of Marib light crude to an export terminal on the Red Sea before a spate of attacks began in 2011.

 

Copyright Reuters, 2013

Comments

Comments are closed for this article.