Local Editor
Yemen has said it sold 3 million barrels of crude to Glencore, according to a news agency affiliated to the government in exile headed by fugitive President Abd-Rabbu Mansour Hadi.
The Sabanew.net news agency quoted an oil ministry official as saying the deal was the result of a tender, in which 29 international companies were invited to submit bids for the Masila crude grade.
It said three companies had submitted bids, four declined to bid while 22 others did not respond to the invitation.
Yemen was a small oil producer and exporter before civil war divided it and forced foreign oil companies to leave, halting production and exports.
A Saudi-led coalition of Arab states began its deadly campaign against Yemen in late March 2015. The strikes were meant to undermine the Houthi Ansarullah movement and restore power to fugitive former president Abd Rabbu Mansour Hadi.
About 10,000 people have been killed and over 16,000 injured since Riyadh launched the airstrikes. The Saudi aggression has also taken a heavy toll on Yemen’s facilities and infrastructure.
The chaos allowed extremist militants to seize tracts of land, including the Hadramout provincial capital of Mukalla and the main al-Shihr oil terminal, 68 km (42 miles) east of Mukalla. Hadi’s supporters, backed by forces from the United Arab Emirates, retook the area in April.
Source: News Agencies, Edited by Website Team
