Space Travel News  
OIL AND GAS
Report: Oil shipped from war-torn Yemen
by Daniel J. Graeber
Sanaa, Yemen (UPI) Aug 5, 2016


disclaimer: image is for illustration purposes only

The first shipment of crude oil from Yemen frees up enough storage so that oil production in the east of the country can resume, reports said Friday.

International Oil Daily, a service from Energy Intelligence, reports sources have confirmed that Swiss trader Glencore has pulled about 1 million barrels from Yemen, the first time since the latest bout of civil war erupted last year. The loading frees up storage capacity enough so that oil production in eastern Yemen can resume and sources said another shipment from the Ash Shihr export terminal is scheduled for next week.

"The terminal is working now and all secure," the source was quoted as saying.

Austrian energy company OMV, a player in Yemeni energy, said early this year a production rebound was possible should the national security situation clear.

Norwegian energy company DNO stopped work in Yemen last year because of the tense security situation in the country. Prior to the announcement, the company said it was producing around 1,950 barrels of oil per day from two reserve interests in the country.

Apart from production, Yemeni conflict had posed risk to international oil shipments because of security risks at the country's port terminals. The Bab el-Mandab shipping channel creates unique risks. Threats to the waterway, through which more than 3 million barrels of oil passes per day, means shippers would have to go around the southern tip of Africa.

Fragile peace talks between warring factions began last week in Kuwait under the supervision of the United Nations. Yemen, however, has been mired in some form of civil conflict since at least the Arab Spring uprisings that began in 2010.

The report from International Oil Daily said the return of Yemeni oil to the market "looks unwelcome" as the situation globally already favors the supply side.

"It is unclear whether its crude will be sold on the international market, refined for domestic consumption with some products such as jet fuel going overseas, or a mixture of both," the report added.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Transocean outperforms its peers
Zug, Switzerland (UPI) Aug 4, 2016
In part because of lower maintenance expenses, offshore rig company Transocean said it was able to post a gain in net income for the second quarter. The company, which has headquarters in Switzerland, reported net income of $77 million, a rare gain for an industry moving through a protracted decline in crude oil prices. "I am very pleased with the company's second quarter operati ... read more


OIL AND GAS
Russia Postpones Launch of Proton Rocket With US Satellite Until October 10

The rise of commercial spaceports

India earned Rs 230 crore through satellite launch services in FY16

US Plan to Diversify Expendable Space Launch Vehicles Being Questioned

OIL AND GAS
Digging deeper into Mars

Engine burn gives Mars mission a kick

NASA's Viking Data Lives on, Inspires 40 Years Later

Opportunity Rover wrapping up work within Marathon Valley

OIL AND GAS
Heart hazard for Apollo astronauts: study

Asteroid that formed moon's Imbrium Basin may have been protoplanet-sized

Russian and US engineers plan manned moon mission

SSTL and Goonhilly announce partnership and a call for lunar orbit payloads

OIL AND GAS
Scientists attempt to explain Neptune atmosphere's wobble

New Distant Dwarf Planet Beyond Neptune

Researchers discover distant dwarf planet beyond Neptune

New Horizons Receives Mission Extension to the Kuiper Belt

OIL AND GAS
Alien Solar System Boasts Tightly Spaced Planets, Unusual Orbits

NASA's Next Planet Hunter Will Look Closer to Home

First atmospheric study of Earth-sized exoplanets reveals rocky worlds

Atmospheric chemistry on paper

OIL AND GAS
Dream Chaser Spacecraft to Begin Phase Two Flight Testing

India Set to Test Domestically-Produced Scramjet Engine in Third Quarter

NASA completes first shell buckling tests with a bang

Reaction Engines secures funding to enable development of SABRE demonstrator engine

OIL AND GAS
China to expand int'l astronauts exchange

China's Agreement with United Nations to Help Developing Countries Get Access to Space

Chinese tracking ship Yuanwang-7 starts maiden voyage

Chinese mega-telescope obtains data on 7 million stars

OIL AND GAS
Farewell Philae: Earth severs link with silent comet probe

The Case of the Missing Ceres Craters

How comets are born

SwRI-led study shows puzzling paucity of large craters on dwarf planet Ceres









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.