Local Editor
Oil production in the south of Yemen could resume as early as April after OMV, an Austrian company inspected oilfields in the south of Yemen.
This would indicate the first time an international organization would redeploy oil engineers in the country since the conflict escalated in September 2014.
A team from OMV traveled to Shabwa on Sunday to assess oil production opportunities in the near future.
As the first visit to the oilfield in the southern region, the Austrian company indicated production could begin as early as next month after inspecting a production facility named ‘S3’.
“The company aims to resume the resumption of production at the beginning of the next month," A Yemeni Engineer in the Austrian company told The National.
He said the majority of the Yemeni oil engineers have been tasked by the Austrian company to be on standby for the resumption of operations.
Other International oil production and exploration companies returned or expressed intent to resume their work in Yemen for the first time since the war escalated more than three years ago.
China said the country is ready to resume development projects.
The People’s Republic has built up considerable experience in working in developing countries in Africa as it looks to secure its ‘Belt and Road Initiative’ --an economic plan aiming to strengthen its connectivity to the west.
Yemen's oil reserves could contain as much as 4 billion barrels.
Source: News Agencies, Edited by Website Team
