| Press TV | - |
Insurgents and tribesmen have repeatedly attacked oil and gas pipelines in Yemen
over the past two years in a bid to win concessions from the central
government, causing fuel shortages and slashing export earnings in the
impoverished country.
Yemen's main oil export pipeline sabotaged, crude flow halted
Smoke rises from an oil pipeline targeted by insurgents in Yemen. (File photo)
Fri May 24, 2013 4:24PM
Insurgents
and tribesmen have repeatedly attacked oil and gas pipelines in Yemen
over the past two years in a bid to win concessions from the central
government, causing fuel shortages and slashing export earnings in the
impoverished country."
Unknown
attackers have blown up Yemen’s main oil export pipeline in the central
province of Ma’rib, halting the flow of crude oil, government and
industry sources say.
Yemen’s Defense Ministry said in a statement on Friday that the pipeline in Serwah was exploded by “subversive elements.”
The key pipeline, which carries oil to an export terminal on the Red Sea shore, had been pumping around 125,000 barrels per day (bpd), Reuters quoted an industry source as saying.
Oil revenues make up more than 70 percent of Yemen’s state budget. Oil and gas products also account for over 90 percent of Yemen's exports.
Insurgents and tribesmen have repeatedly attacked oil and gas pipelines in Yemen over the past two years in a bid to win concessions from the central government, causing fuel shortages and slashing export earnings in the impoverished country.
In December 2012, at least 17 people were killed after the Yemeni Army launched an offensive against tribesmen suspected of sabotaging the pipeline.
Official figures show lost production due to pipeline attacks in the east cost the Yemeni government more than USD one billion in 2012, while oil exports fell by 4.5 percent.
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