Yemen's oil recovery thwarted by continued conflict
An attack on an oil pipeline in government-held south of the country underlines the dire predicament of its energy sector
It seems things can't get any worse and then they do. Yemen was a bankrupt nation before the most recent descent into violence. Oil and natural gas offered at least a limited lifeline, but now that's as good as gone. In the early years of this century oil production reached 424,000 barrels a day. Today it's barely a trickle. While the latest attack on an oil pipeline, in Shabwa province in southern Yemen, won't directly impact the ailing energy sector, it will send yet another negative message to foreign firms thinking of returning to Yemen or investing there in the future. The south is nominally under government control, but it's clear that lawlessness hasn't been eliminated and al-Qaida re
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind