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 | - |
3 Nov, 2023
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Yemen’s Houthis have embarked on transforming a longtime Red Sea crude export hub into a profitable import terminal for oil products. This ratchets up the group’s economic warfare against the internationally-recognized government and undergirds their state building efforts.
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