Yemeni oil minister: Government working to resume oil exports
Yemen’s oil minister says the government is taking steps to restart oil exports and has begun technical procedures, according to Al Arabiya.
Key Takeaways
AIYemeni Minister of Oil Mohammed Abdullah Bamkama said the government is taking necessary steps to resume oil exports.
He added that Yemen has oil reserves stored for domestic consumption and that technical procedures to restart exports began today, according to Al Arabiya.
Bamkama also stated that oil companies have been instructed to develop plans to increase production, with a target of boosting output by 25 percent in the first month. Revenues from oil exports will be deposited in the Central Bank of Yemen.