Yemen crude oil exports resume

Aug 12 2016

Crude oil shipments from Yemen have resumed on a small scale after ceasing early last year, due to the continuing civil war.

"With the resumption of production and exports from Mas­ila oil field, the national economy is back on its own two feet," Saif Al Sharif, the Yemeni oil and mining minister, told the state-run news agency Sabanew on Thursday, according to the local news outlet The National.?

Yemen port authority said late last month that it would reopen the crude terminal at Ash Shihr, about 800 Km east of Aden, where oil from the fields run by PetroMasila and most other Yemen fields is produced.

The Suezmax ‘Seaprince’ loaded a 1 mill-barrel cargo of Mas­ila crude oil on 2^nd August and another cargo is due to be lifted in the VLCC ‘Ataka’, according to shipping sources.

Both ships are chartered by ST Shipping, the tanker division of commodity trader Glencore and are bound for China and Singapore, respectively, according to local reports.