Recovery in the pipeline as Yemen plans major lift in oil, LNG exports

A Yemeni oil worker looks out at the Aden refinery after it was reactived in 2016. The port city is key to Yemen’s plans to boost crude production. (AFP)
Updated 11 February 2019

Recovery in the pipeline as Yemen plans major lift in oil, LNG exports

  • Yemen produced an average of 50,000 bpd of crude in 2018 compared with around 127,000 bpd in 2014. Last year it exported some quantities of oil

NEW DELHI: The legitimate government in Yemen hopes to scale up its crude production to 110,000 barrels per day (bpd) in 2019, with exports touching about 75,000 bpd, the country’s oil minister said on Sunday.
The government of Abed Rabbo Mansour Hadi controls the southern port city of Aden and areas holding Yemen’s oil-and-gas fields. The Iranian-aligned Houthi group controls the capital Sanaa and the oil terminal of Ras Issa on the western coast.
Yemen’s oil output has collapsed since 2015 when the Arab-led military coalition intervened in Yemen’s war to try to restore Hadi’s government to power.
“We will maintain production from four blocks and are planning to build a pipeline to the Arab Sea (Arabian Sea) to resume exports from these blocks,” Aws Abdullah Al-Awd, Hadi’s oil minister, said in an interview.
The conflict has choked energy output and shuttered a key export terminal and pipeline.
Yemen produced an average of 50,000 bpd of crude in 2018 compared with around 127,000 bpd in 2014. Last year it exported some quantities of oil.
The country has proven oil reserves of around 3 billion barrels, according to the
US Energy Information Administration (EIA).
The oil minister said Yemen also wanted to resume production of LNG, which had been halted as a result of the conflict.
“Our country has been affected by the war for the past three years, but now things are coming back. Hopefully, 2019 will be good for Yemen,” he said.
He predicted that LNG output would rise in 2019 to 6.7 million tons and half of that amount would be exported.
“In 2020, we hope to export all of our LNG production, mainly to customers in Asia,” he said.
He noted that companies including Total, US-based Hunt Oil and Korean companies operate the LNG project.


Key to success is passion: PepsiCo official

“I always think success is married with passion,” Simon Lowden said, adding that he likes to get involved with ideas that excite him
Updated 26 min 52 sec ago

Key to success is passion: PepsiCo official

  • Lowden was speaking at a session titled “100 years is a long time: Preparing for multiple shifts.”

RIYADH: The key to success is being passionate about what you do, Simon Lowden, chief sustainability officer at PepsiCo, told a brainstorming session at the Misk Global Forum in Riyadh on Wednesday.

“I always think success is married with passion,” he said, adding that he likes to get involved with ideas that excite him.

“I started my life in a small farming village, went to London to attend university, joined PepsiCo … and now I run our sustainability agenda,” he said. “This made me rich as a person, and I did things I really enjoyed.”

Lowden was speaking at a session titled “100 years is a long time: Preparing for multiple shifts.”

Other panelists included Dave Brooke, vice president of client solutions at Dell Technologies; Kevin Gaskell, an international speaker on leadership and business performance; Deloitte CEO David Sproul; and Nancy Yammout, general director of the NGO Rescue Me. The session was moderated by Lebanese journalist and politician Naufal Daou.