Yemen aims to increase its crude oil production by 25 percent to 75,000 barrels per day in the coming months to recover from the drastically reduced output caused by the civil war.
Yemen produced around 127,000 barrels per day before the conflict and is estimated by the US Energy Information Administration to have about 3 billion barrels of oil reserves.
The civil war has shuttered its Aden refinery and damaged its infrastructure, said Aws Abdullah Al-Awd, the energy minister of Yemen's internationally recognized government under President Abdrabbuh Mansur Hadi.
Consequently, there were doubts about Yemen's ability to rehabilitate the sector soon.
According to Awd, they have put forward a plan to reexport crude oil from the Marib and Shabwa oil fields and have rehabilitated the Al-Nashama oil port on the Arabian Sea.
Yemen has two primary crude oil streams, with Marib producing light and sweet crude and Masila proving medium-gravity and more sulfur-rich variety.
The country is also creating more pipelines and raising the 600,000 barrels of storage capacity at Nashima port, which is much less than the 3 million barrels in Houthi-controlled Ras Issa port.
The minister added that with improved security and speedy recovery of global energy markets, Yemen could resume the production and exportation of liquefied natural gas from the Balhaf facility by next year.
France's Total operated the plant.


Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?
France's 2025 Budget Deficit Shrinks More Than Expected, Easing Fiscal Pressure
Asian Stocks Rebound as Trump Delays Iran Strike Deadline
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes
Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth
Oil Prices Surge Past $100 as U.S.-Iran Peace Hopes Collapse
WTO Digital Trade Talks Stall as E-Commerce Tariff Deadline Looms
Dollar Strengthens as U.S.-Iran Peace Talks Send Mixed Signals
Australia's Energy Crisis: Free Public Transport as Fuel Shortages Bite
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain
Brazil Meat Exports Weather Iran War Disruptions With Rerouted Shipments
U.S. Jobs Market Eyes March Recovery Amid Inflation Pressures
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears
Gold Prices Drop Amid Iran Peace Talk Uncertainty and Stronger Dollar
China Opens Door to Stronger U.S. Trade Ties Amid Rising Tensions
Oil Prices Slip as Trump Extends Iran Ceasefire Deadline Amid Ongoing War Fears
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge




