The European Union (EU) strongly condemned the attack by the Iranian-backed Houthi terrorist militias on the commercial ship (MINERVAGRACHT), which flies the Dutch flag in the Gulf of Aden.
Oil prices rose today, Thursday, ending a three-day losing streak, recovering from their lowest levels in 16 weeks, but expectations of increased supply from "OPEC+" next month limited the gains.
SHABWA-SABA
OMV Austrian Company operating at al-Uqla Sector is planning to extend oil pipeline to transport the crude oil into Sector 4.
The 45- KM long pipeline will is included within the program of updating and qualifying the productivity of the sector for 2020 plan.
The plan was announced about on Saturday during a meeting between the Governor of Shabwa Mohammad bin-Ady.
The governor praised the investment programs of the company for this year, confirming its role in increasing oil production in the sector.
He also praised the company's social commitments and contribution in local development programs in areas surrounding the company's operation.