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Petroleum / Mining in Yemen

  • Occidental Petroleum To Sell 40% Of Middle East Unity

    IRAQ, 2015/07/01 Occidental Petroleum oil is looking to sell 40 % of its operations in the Middle East for eight billion Dollars, while the company seeks to invest in the Middle East unity within the framework of a broader plan to split the company. Chief Executive Officer, Steve Chazen has been speaking publicly since April about a possible transaction related to its origins in the Middle East and North Africa and in different nations from Libya to Iraq and Yemen.

  • Oil prices fall after Yemen-inspired gains

    YEMEN, 2015/03/30 Oil prices fell Friday next spiking the previous day as Saudi Arabian jets struck rebel targets in Yemen, sparking supply fears in the crude-rich Middle East. Brent North Sea crude for delivery in May sank 63 cents to $58.56 a barrel in London midday deals. US benchmark West Texas Intermediate (WTI) for May slid 81 cents to $50.62 a barrel. "Oil prices ... are shedding some of the strong gains they had completed over the two previous days," said Commerzbank analyst Carsten Fritsch. "It would appear that the initial panicky response to Saudi Arabia's military intervention in Yemen is giving way to a additional sober assessment of the situation."

  • Flows of crude oil through Yemen's major Marib-Ras Isa pipeline

    YEMEN, 2013/01/16 Flows of crude oil through Yemen's major Marib-Ras Isa pipeline have been halted next it was hit again by a blast Thursday, a week next it resumed production following previous attacks, the country's defense ministry said. The blast took place in Serwah in   Marib province and large amounts of crude oil spilled into the desert, the ministry said in a statement posted on its website.
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