Oil Minister: This year, We, in the Ministry, plan to implement projects geared for improving and developing the oil sector in the Capital Aden and the liberated areas.
HE Mr. Awas Alawad, Oil and Minerals Minister, said that this year the Ministry is planning to carry out a number of important and vial projects with the aim to develop the oil sector in Aden, Yemeni interim capital, as well as other liberated governorates.
In a press release made to the Yemeni news agency, Saba, the Minister, stated, “The projects aim at completing the construction of a pipeline starting from JannahHunt Block block to Ghareb A’yad block.
Folks
It sounds like a very promising year ahead for PSA shareholders ....
PSA's Block S1 is now clearly forming part of the Yemen Government's Oil Production recovery plan ...
The following article was published on the Yemen Government Ministry of Minerals (Oil & Gas) website some time after the 6th Jan 2020 ....
The article outlines the Yemen Government's desire to facilitate oil exports from the Marib and Shabwah areas via a new pipeline under construction that moves oil from Block 5 to Block 4 which then connects to the Bir Ali port (Nishaima Terminal) for export of the oil overseas ...
The Yemen Government has made specific reference to Block 18, Block 5 and PSA's Block S1 .... as the principal blocks which will use the new export pipeline ...
I understand that the new pipeline is nearing completion and/or already complete .......Oil Minister : “This year, we Intend to implement a number of important and vital projects in Aden, the Interim and liberated areas.”
This pipeline will enable the production of oil from three large oil blocks, namely, SAFER Block 18, Jannah Block 5, and S1 Block in Usailn.
It will be connected to Nishaima terminal on the Arab sea for the sake of operating the oil blocks in Ma’erb and Shabwah Governorates.
He further pointed out that many meetings have been held with the LNG project partners. This is in order to discuss the possibility of resuming its operations and meet the security requirements with respect to protecting LNG facility. He stressed that there is an ongoing coordination with the relevant stakeholders and parties to resume the gas project’s operations within the coming 5-6 months.
He added: “Among other projects, we have another project being carried out now in bid for developing and modernizing Aden Refinery’s power plant. The project aims at increasing the Refinery’s capacity in oil refining, since the Refinery is of an extremely important facility in Yemen’s oil industry.”
Talking about the prices of oil derivatives, Mr. Minister highlighted that a republican decision is in place with the intention to open the door for competition and allow interested companies to import oil derivatives. Yet, prices of such products must be in accordance with those of the international stock exchange, whose rate constantly changes.
For the Times they are a Changing ....
PeterRG
