Stolen Yemeni Oil Reveals Intricate Looting System
The Sanaa Government is accusing the US backed Saudi coalition of stealing oil from Yemeni ports every month adding to the suffering of the Yemeni people who continue to live under Saudi blockade. This video breaks down the numbers and barrels of oil stolen from ports this year and their monetary value. It has been seven years since the US-backed Saudi aggression on the people of Yemen, and as the blockade on fuel, food, and emergency supplies continue, the Sanaa government has reason to believe that Saudi Arabia is stealing Yemeni oil and gas to increase in their aggression. Oil and gas revenues represent the mainstay of the Yemeni economy and cover eighty percent of the State’s general budget. The Sanaa government is accusing the US backed Saudi coalition of stealing Yemen’s oil wealth by selling millions of barrels on ships which come to Yemeni ports monthly. Just in 2022, Sanaa’s Ministry of Oil reports over 11 million barrels of oil stolen, the breakdown as follows: On January 19th, 2.5 million barrels from Dabba port in Hadramawt valued at 217 million dollars was stolen. On February 5th, 3 million barrels from Dabba port in Hadramawt valued at 306 million dollars was stolen. On April 10th, more than 2.3 million barrels of oil was stolen valued at 267 million. In later April, one million barrels of oil were stolen from Al Nashima port in Shabwa via the ship SEAVELVET which was headed to India, valued at 106 million dollars. In May, more than 202 million barrels were stolen from Ash Shihr port in Hadhramaut with an estimated value of more than 270 million dollars. And in June, 400,000 barrels were stolen from Radhum port in Shabwa, valued at 44 million dollars and transported via the Gulf Aetos ship. In the same month, one million barrels of oil were stolen from Al-Nashima port in Shabwa via the Emirati ship ISABAELL valued at 114 million dollars. The Saudi backed Hadi government in Yemen acknowledged that its revenues from the sale of crude oil increased by 100% during 2021 and increased to more than 1.4 billion dollars, compared to 710.5 million dollars in 2020. The total value of the crude oil sold was equivalent to 1.3 trillion riyals which would have covered the payment of the salaries of the Yemeni state employees for 18 months. Yemeni state employees haven’t been getting paid for nearly six years after the Central Bank transfer from Sana’a to Aden in September of 2016 and the Saudi coalition’s seizure of all the revenues. President of the Supreme Political Council Mahdi al-Mashat stressed that the Yemeni people will not remain silent about the looting which he said is being transformed into real estate for mercenaries abroad while his people suffer as a result of the US-backed Saudi blockade and aggression. He said that the payment of salaries is a natural entitlement for all employees and retirees.
Written by ZainabRights, Anchored and Produced by Fatima El-Zein
Transcript:
If you value our journalism…
TMJ News is committed to remaining an independent, reader-funded news platform. A small donation from our valuable readers like you keeps us running so that we can keep our reporting open to all! We’ve launched a fundraising campaign to raise the $10,000 we need to meet our publishing costs this year, and it’d mean the world to us if you’d make a monthly or one-time donation to help. If you value what we publish and agree that our world needs alternative voices like ours in the media, please give what you can today.
Authors
Related
Why Palestinian Prisoners Are Integral to Winning this War
Why Muslim Leaders are Silent about Gaza and Complicit in Israeli Aggression
