Oil Ministry announces success of first oil export operation

President al-Alimi highly appreciates Saudi-Emirati ongoing mediation to de-escalation in eastern governorates

His Excellency (HE) President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (OLC) met today, Saturday, with the Advisory Board to discuss recent developments in the governorates of Hadhramaut and al Mahra and the Saudi-Emirati ongoing mediation to protect civilians and facilitate the withdrawal of armed elements affiliated with the South Transitional Council (STC) from the two governorates.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

Barcelona Consolidates Lead in Spanish La Liga with Win Over Villarreal

Barcelona strengthened its position at the top of the Spanish La Liga table after defeating host Villarreal 2-0 in the 17th round of the competition.

Last Update: ، 2025/12/28 Time 04:55:43
Latest News:

Legitimacy-Backing Coalition Says Will Deal with All Military Moves that Counter De-Escalation Efforts ..

Hadhrami Components Affirm Support for Outcomes of National Defense Council's Emergency Meeting

Malaysia Affirms Supportive Stance on Yemen’s Unity Sovereignty

A government source confirms full support for Saudi-Emirati mediation to end escalation and for withdrawal ..

UK REAFFIRMS COMMITMENT TO YEMEN'S UNITY AND SOVEREIGNTY

Oil Ministry announces success of first oil export operation

[31/07/2018 08:34]

ADEN-SABA
The Ministry of Oil and Minerals announced the successful export of the first crude oil shipment through the port of Rezum oil terminal, in Shabwa province, on July 28.

A ministerial statement said the shipment was exported after the resuming production in block S2 in the area of Aqla in Shabwa, as per the directives of President Abd-Rabbu Mansour Hadi.

The statement said 500,000 barrels of crude oil had been exported after marketing the shipment globally; 35 international companies participated in the international tender that was announced and the shipment was awarded to a Chinese petroleum companyas per the price quotes from crude oil Brent bourse.

The statement pointed out that the province of Shabwa will receive the proportion of 20 percent of revenues from the sales of crude oil produced from the province, as will all source provinces of oil outputs.

The statement said that the ministry will continue its efforts to re-activate the remaining oil blocks in the provinces of Hadramout, Marib and Shabwa in the framework of its contribution to the normalization of life in the liberated provinces.