Negative impacts of selling oil crude by Houthis discussed in Marib

Yemen Participates in LDC Foreign Ministers’ Meeting, Calls for Increased International Support

Yemen has participated in the annual meeting of Foreign Ministers of the Least Developed Countries (LDCs), held on the sidelines of the 81st session of the UN General Assembly in New York, with a delegation headed by Foreign Minister Dr. Afrah al-Zouba.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Gold Rises Over 1 Percent

Gold prices rose more than one percent today, Thursday, as investors digested the U.S. interest rate hike and hints of further monetary tightening, while the rally in oil prices came to a halt.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/09/25 Time 05:11:12
Latest News:

National Commission for Investigation Meets with EU, Dutch Missions in Geneva to Discuss Developments ..

Foreign Minister Praises Germany’s Stance Against Houthi Attacks, its Contribution to Protecting Freedom ..

Local Authority in Marib Signs Memorandum of Understanding with British Organization to Fund, Implement ..

Al-Alimi Discusses Yemen Developments, Red Sea Security with EU Official

Yemeni-German Cooperation Conference in Berlin

Negative impacts of selling oil crude by Houthis discussed in Marib

[27/03/2018 12:23]

MARIB-SABA
A technical meeting held in Marib Monday aimed to discuss bad effects of selling oil crude by Houthis putschist militia.

The gathering, which included senior officials in charge of oil sector businesses, chaired by Undersecretary of Oil and Minerals Engineer Shawqi Al-Mekkhlafi.

The discussions focused on the serious negative impacts of selling oil crude by Iran-backed Houthi militia which has decided recently to enter into a contract with the Cooperative Agricultural Union (CAU) under which the militia sells oil crude to the (CAU). Such a move is going to have devastating impacts upon the national economy and the Yemeni nation's resources.

Houthi rebellious militia has recklessly decided to sell oil crude contained in the oil pipeline stretched 428 km from Safer in Marib province to Ras Essa harbor on the Red Sea. The oil crude transport pipeline contains 900 thousand barrels. The total cost of building such pipeline estimated at above $1 billion.

The Houthis' move is a sabotage act will result in ruining the pipeline and an environmental disaster.

The Ministry of Oil stated that it reserves its legal right to take all legal procedures to stop such sabotage action. The Ministry also stated that it has been seeking to resume all oil production and operations in different oil sectors which have ceased to operate due to Houthi coup.

The meeting expressed thanks to local authority leadership in Marib province headed by the governor Maj. General Sultan Al-Erradah for significant efforts have been made to maintain oil facilities as safe and operational.