War-torn Yemen remains a theatre for competing for Saudi and Iranian regional ambitions. But oil output is quietly creeping up. Crude exports from the eastern Marib basin restarted in August 2016 and averaged 44,000 b/d in 2017. With Austria's OMV restarting output in April 2018, an IOC presence is no longer unthinkable.
|Crude Output||0.06||mn b/d|
|Crude Exports||0.04||mn b/d|
|Oil Rig Count||0||-|
|Gas Rig Count||0||-|
18 Oct, 2019
The re-start of crude output from the key Block 18 could prove to be a turning point in the country’s oil sector, unlocking output from neighboring acreage.
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