Oil in yemen. Oil prices surged 3% in early trading on Friday partly due to fear of such a scenario, they added. The deteriorating security environment and devastating attacks against energy infrastructure have severely hindered oil production, which has dwindled from prewar levels of around 119,000 b/d in 2013. 000 Barrel/Day th in Dec 2022. 3 billion barrels. The U. [11][12] In July 2019, the UAE withdrew its forces from the Saudi-led Yemen: Oil reserves, billion barrels: The latest value from 2021 is 3 billion barrels, unchanged from 3 billion barrels in 2020. Where is OFAC's country list? Archive of Inactive Sanctions Pages The Southern Transitional Council (STC) has taken control of the oil-rich provinces of Hadramout and Mahra in Yemen, escalating tensions and posing a threat to regional stability. Yemen’s oil sector has been paralyzed since late 2022. The report was shelved after civil war broke out, and efforts to clean up the industry have continued to fall short. 2 billion barrels, was reached in 1986 while the maximum of 4. Historically, the average for Yemen from 1986 to 2021 is 3. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals. CAIRO (AP) — A global energy company Tuesday acquired oil producing facilities in war-torn Yemen from another international firm. Data obtained from the US Energy Information Administration. 09 billion barrels, based on data from 187 countries. Data on Energy in Yemen What share of Yemen’s population has access to clean fuels for cooking? Having clean fuels and technologies for cooking — meaning non-solid fuels such as natural gas, ethanol or even electric technologies — makes these processes more efficient, saving both time and energy. Explore the country's oil production and impact on the economy. 38 billion Oil prices edged higher for a second day as markets eyed geopolitical risks as a potential catalyst. Current and historical Reserves, Production, and Consumption of Oil in Yemen. [4][5][6] Tensions escalated in late 2025 as nationwide protests in Iran led to thousands of deaths. As tensions rise in Yemen, oil markets may soon face a new geopolitical risk premium due to the potential of major oil outages in the region from the conflict Yemen Crude Oil Production was 15 BBL/D/1K in 2023. 10,000 barrels of crude a day were produced at the oil refining operated by American based Hun Oil Company until 1998. With fluctuating global oil prices and an ever-increasing demand for energy, Yemen's oil reserves may play a crucial role in influencing market dynamics. 00 thousand barrels per day over the last 8 years. Yemen’s Ministry of Oil and Minerals is urging oil companies to resume oil production and exploration according to their agreements with the government, according to a document seen on Monday by Oil Reserves in Yemen See also: List of countries by Oil Reserves Yemen holds 3,000,000,000 barrels of proven oil reserves as of 2016, ranking 29th in the world and accounting for about 0. As of recent estimates Yemen’s oil-producing story has plenty of similarities to that of Syria – before the oil crash of 2009 it used to produce some 300-350kbpd, however first due to external market conditions and Yemen is an integral part of the Arabian Peninsula and one of the geological units that make up the Arabian Shield. List of world countries by proven Oil Reserves in barrels. Since 2018, China has been the Despite years of conflict, economic blockade and a financial system in collapse, Yemen's farming sector is showing signs of recovery. These attacks have prompted multinational naval responses, including escort missions and defensive strikes, significantly increasing military presence in the region. In a hard-hit economy such as Yemen's, which relies mostly on oil exports, such supply cuts hit citizens first, already affected for years by the world's biggest humanitarian crisis. In 2010, the government launched a National Strategy for renewable energy and energy efficiency, which aims to develop grid and off-grid renewable energy and targets a 15% share of rene Undiscovered Resources Summary quantitatively assessed undiscovered conventional oil and gas resources in three AUs in Yemen (table 2). Yemen is an oil producer and has significant untapped offshore oil and gas deposits. European officials, who have been effectively sidelined in the war between Israel and Iran, will try to exert limited leverage in a meeting with Iranian officials on Friday in Geneva. It also accounts for approximately 90% of total exports. The Yemen Oil and Gas Corporation (YOGC,المؤسسة اليمنية العامة للنفط والغاز ), a government-owned corporation under the direction of the Ministry of Oil and Minerals of Yemen, [1] is an oil and natural gas exploration and production company headquartered in Sana'a. Geological Survey (USGS) assessed the potential for undiscovered, technically recoverable conventional oil and gas resources in Yemen as part of an ongoing assessment of conventional resources in priority provinces of the world. Armed groups operating from Yemen have targeted container ships, oil tankers, and cargo vessels, citing political grievances tied to broader regional conflicts. Historically, the average for Yemen from 1987 to 2023 is 230. OFAC administers a number of different sanctions programs. <p>Yemen's energy consumption is heavily reliant on hydrocarbons, which account for approximately 80 percent of government revenues and 25 to 30 percent of the country's gross domestic product (GDP). [10] Despite their alliance, there have been differences between the Saudi and Emirati approach to Yemen, such as the UAE's support for the separatists of the Southern Transitional Council and opposition to Al-Islah. , exports from Bir Ali in 2020 are estimated to reach 16,000 b/d. The Shabwah field has also been a major contributor to Yemen's oil output, with its production reaching substantial levels before the onset of conflict. Investing in Yemen’s oil and gas potential is more than an energy strategy—it’s a step toward national renewal. The United Arab Emirates joined Saudi Arabia for the Saudi-led intervention in Yemen against the Houthis. Oil is the major source of revenue to the Yemeni government, accounting for 70-75% of all the revenues. Take-profit. The Marib refinery was established in 1986. 11 EST President Trump has warned Iran that an attack would be "far worse" than the U. Crude oil production is defined as the quantity of crude oil (measured in barrels) that a country’s oil industry has extracted from the ground and filtered for inert matter or impurities within a given time frame. org provides historical data and actual statistics about how many barrels of oil are produced in Yemen. Decades of civil unrest, shifting governance, and underinvestment severely curtailed production. S. In 2014, Yemeni lawmakers received a report on widespread environmental violations in the country’s oil sector. This page provides - Yemen Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. [1][2][3][4] Yemen's ruling leadership council has named a new cabinet following deadly clashes in the south and the dissolution of a separatist group. 764 Barrel/Day th for Dec 2021. UAE Movements While the UAE and Saudi Arabia often pursue Western strategies in various regions, this has occasionally caused rivalry, as seen in Sudan and eastern Yemen. UN hits back at Houthi threat over time bomb Yemen oil tanker FSO Safer, the tanker holding 1. Tensions over Sudan, Yemen and Israel, as well as a competition in technology and oil output strain relations between Riyadh and Abu Dhabi. Global rank and share of world's total. In July 2018, Austria’s OMV exported crude oil from the Shawba Basin's Habban field in Block S2 through the Bir Ali terminal (at the port of Mukalla)— the first international oil company export since 2015. A UN-led operation to remove over one million barrels of crude oil from a rusting supertanker off Yemen safely concluded on Friday, preventing the immediate threat of a massive spill in the Red Sea. Pressure grows on Saudi Arabia to allow the passage of oil tankers into Yemen, as dwindling energy access exacerbates Yemenis' suffering. Yemen resumed limited crude oil exports in August 2016. These ports are the Ras Isa oil terminal, Ash Shihr Port, and the Chart and table showing yearly production of crude oil by country (Yemen). There is a hidden war being waged against Yemen, a multinational assault against the country's vital natural resources. 56 thousand Barrels Per Day in 2022. However, Yemen's difficult security environment hinders the production and transport of those resources. Read more here. This complicated international transaction demonstrates the power of Hadramout’s oil to shape political decisions and militant actions in Yemen, regardless of official policy. (File/AP) Most of Yemen's crude is produced by state-owned firms Yemen General Corporation for Oil, Gas and Mineral Resources and PetroMasila, while a clutch of foreign firms, including Austria's OMV, Canada's Calvalley and Indonesia's Medco Energy, have stuck around. 1 million barrels of crude oil in the Red Sea off Yemen. The minimum value, 9. attack could cause a spike in oil prices and inflation if it sets off a wider escalation of the Israel-Gaza war, deepening supply chain woes and fueling price increases for many essential goods, analysts told ABC News. 1). Yemen Crude Oil: Production was reported at 49. In comparison, the world average is 429. In Yemen, less than half of the population has access to electricity. In recent years, the spotlight has turned towards Yemen's oil fields, prompting discussions about their contributions to the national economy and their implications for international markets. Crude oil consists of a mixture of hydrocarbons of natural origin (typically decayed prehistoric plant matter). The nation has faced significant challenges in its energy sector growth due to ongoing political instability, terrorism, and inconsistent industrial investment. The Marib field was one of the most significant, with production peaking at over 200,000 bpd in the 1990s. Detailing the current military strength of Yemen including air force, army, navy, financials and manpower. Yemen Yemen: Reference Map with Oil and Gas Fields Map Source Small Arms Survey Posted 12 May 2010 Originally published 12 May 2010 Origin View original Download Map (PDF | 255. 18 thousand Barrels An FSO Safer supertanker off Yemen's coast could break or explode and trigger a catastrophic oil spill, if left as is. The assessment focused on the Mesozoic Sab’atayn, Say’un-Masila, and Jiza-Qamar Basins of Yemen (fig. Data, Statistics and Charts. As production ramps up in the coming years, stakeholders must balance ambition with responsibility to unlock the country’s true potential. airstrikes that targeted its nuclear facilities last June. The minimum value, 0. The strike killed at least 80 people and injured another 171, making it the deadliest attack in Yemen since the beginning of the March 2025 United States strikes on Yemen. Saudi invites Yemen’s southern factions to ‘dialogue’ in Riyadh after surprise independence bid Jan 2 2026 21. [2] Yemen: Oil production, thousand barrels per day: The latest value from 2023 is 15 thousand Barrels Per Day, a decline from 48. The strategy still relies on broad sanctions targeting oil revenues, financial institutions, and trade partners to drive Iran into severe financial distress and force concessions. For years, foreign states and companies have engaged in the illicit plundering of Yemen's oil and gas - war profiteering in the poorest nation in West Asia. Nearly five years into a devastating civil war that has spiraled into a humanitarian crisis, Yemen continues to pump a trickle of oil. The use of solid fuels for cooking — such . The UAE-backed Southern Transitional Council seized oil fields and major cities in southern Yemen, shattering years of relative calm in the country’s brutal civil war. Yemen’s oil and gas sector is highly likely to remain fractious and complex for operations and investments alike over the long term. The UN envoy to Yemen, Hans Grundberg, expressed concern about "the deteriorating economic situation in the country, the restrictions on movement and the impact on economic activity and people's lives". 0 times its annual consumption. This records an increase from the previous number of 44. Yemen s oil and gas industry could be at a crossroads after six years of brutal civil war, with the US attempting to broker a peace deal that will be critical to reviving the decimated sector. The largest oil and gas fields in Yemen include the Marib, Shabwah, and Al-Jawf fields. 9 According to Clipperdata, Inc. Who controls the oil of Yemen? However, oil production in Yemen overall has been declining due to the recent crisis. Despite years of conflict, economic blockade and a financial system in collapse, Yemen's farming sector is showing signs of recovery. But it also comes with massive health benefits. 62 thousand Barrels Per Day. Oil transport ports In Yemen, 3 ports are used to transport crude oil from refineries to international markets. 2% of the world's total oil reserves of 1,650,585,140,000 barrels. Although Yemen is not a major hydrocarbon producer relative to several other countries in the Middle East, the country has sufficient oil and natural gas resources for both domestic demand and exports. Geological research and studies of the Arabian Peninsula have proven that the bulk of the rocks that make it up are rocks with geological properties, compositions and ages that are appropriate for generating, storing and preserving oil, and the successive oil discoveries that Yemen produces a small quantity of oil that it relies on foreign oil companies that have revenue sharing agreements with the government. In comparison, the world average is 9. Income from oil production constitutes 70 to 75 percent of government revenue and about 90 percent of exports. Yemen's crude oil production has stagnated at around 15,000 barrels per day since November 2022, down from more than 50,000 b/d in previous years. Accordingly, drilling of oil wells started at Alef area in 1984 and oil was discovered for the first time in the modern history of yemen and in the reign of HE President Ali Abdullah Saleh, Yemen’s president, and the founder of its modern revival and supporter of its prosperity and glory. Yemen contains proven crude oil reserves of more than 9 Sep 30, 2025 · Does Yemen have oil? Uncover the truth about Yemen's oil reserves and their significance. Proved reserves of crude oil as of January 1 of the report year are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating US-led airstrikes on Houthi targets in Yemen rattled energy markets on Friday, sending oil prices sharply higher. Excludes liquid fuels from other sources such as biofuels and synthetic derivatives of coal and natural gas. Consequently, much of the UAE’s effort to expand influence in the Horn of Africa revolves around controlling western Yemen to attain its objectives in the oil-rich Hadramaut Yemen’s oil and gas sector dates back to the 1980s, when state-led initiatives began extracting crude from fields near Marib. Despite shifting frontlines in its decade-long civil war, all the country’s oil and gas resources remain in areas controlled by the internationally-recognized government based in Aden. 82 KB) Crude oil reserves of Yemen remained constant at 3. Includes crude oil, shale oil, oil sands, condensates (lease condensate or gas condensates that require further refining) and NGLs (natural gas liquids - ethane, LPG and naphtha separated from the production of natural gas). Crude Oil Production in Yemen remained unchanged at 15 BBL/D/1K in October. Yemen has proven reserves equivalent to 137. On 17 April 2025, the United States Air Force conducted 14 airstrikes on a key oil terminal in Ras Isa in Houthi -controlled Yemen. 63 thousand Barrels Per Day, based on data from 190 countries. Unlike many regional oil producers, Yemen relies heavily on foreign oil companies that have production-sharing agreements with the government. boft, f4np9, h6fdj, 5sr4u, av4a3p, czml2z, k3mliu, pbhmgn, u9ipn, spww5,