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Yemeni Oil Minister on Houthi Threats
Yemeni Minister of Oil and Minerals, Mohammed Barmakah, confirmed that the government is preparing to resume oil exports after they were halted since October 2022 due to Houthi attacks on export ports in Hadhramaut and Shabwah. He explained that the ministry is working on reactivating the oil facilities and developing a new implementation plan, along with completing the technical, financial, and administrative procedures. He pointed out that resuming exports will generate significant revenues for the government, which has been greatly affected by the suspension, as oil accounts for approximately 70% of the budget. He also noted that Saudi support has been crucial in enabling the government to pay salaries and improve services, with a security plan in place to protect export operations from Houthi threats.
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