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LATEST UPDATES Yemen releases eight hostages, one foreigner, from Al-Qaeda :: Yemen court denies judicial measures against Sabafon :: Al-Qaeda says killed 23 Houthi militants in chaotic Yemen :: First crowd funding campaign in Yemen by the hand off Mobile School :: Hadi reinstates, promotes 8009 officers, soldiers from south :: Yemen on high alert to face infiltration of Shabab terrorists :: Houthi militants kick out Deputy Information Minister in Yemen :: Son of Yemen's President funds 21 news websites from public money :: Yemen officially including Houthi militants within forces :: Yemen's oil revenue drop by $660 million during January-September ::
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Last updated: 11:42:52 PM GMT(+03) Saturday, 19, January, 2013
 
 

Another explosion in Shabwa

 
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 Yemen Post Staff

Officials confirmed on Saturday "unidentified armed men attacked Ruddum oil pipeline," which lied 34km north of Balhaf, Yemen main LNG point of export. The explosion said onlookers led a massive fire, with flames tunneling above the site.
A series of attack against the country oil infrastructures already cost the state well over $500 and deterred several foreign investors from coming to Yemen, under the label of "too greater risk."
Despite the presence of the military in the area and President Abdo Rabbo Mansour Hadi's warnings he would deal with saboteurs harshly, militias have continued to target oil pipelines in Shabwa and Mareb provinces, undeterred.
Back in 2011 and 2012 when the pipelines were first targeted, the public immediately accused the former regime, arguing deposed President Ali Abdullah Saleh had ordered his thugs to paralyze the country's main source of income to prove he was the only man able to maintain order.
But whether Yemen's former strong man did indeed ordered his men to systematically disrupt the oil and gas industry, the state has proven unable to curb the trend, having used up all its options -- negotiations, air strike, threats and conciliations --
With analysts claiming Yemen is hiding under its belly larger reserves of oil - maybe more than its oil giant of a neighbour Saudi Arabia - the stake is ever more so high and the need for stability that much dire.
A strong and stable oil and gas industry would allow Yemen to bankroll its economic recovery and ensure that the millions of people who are now living under the poverty line would have a brighter future.
 

 

 

 

 


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To publish your campaigns, which broadcasts in the interest of the good of Yemen please communicate with Shaher Abdulhak Saleh at the following address:
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Source: Yemen Post Newspaper
 
 
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