Yemen Petroleum Company warns of shortage of oil derivatives stocks

Yemen Petroleum Company in Sanaa warned on Saturday against the depletion of oil derivatives stocks due to the economic siege imposed by the Saudi-led coalition against the oil ships.

Ammar Al-Adhrai, the executive director of the company, revealed in a press statement, that the supply situation is very critical, as the quantities released in 2020 do not cover 45 percent of the need, pointing out that the coalition has not released any oil ship since the beginning of the year 2021.

He confirmed that the service sectors are currently operating at half the operating capacity, and other services collapsed in the year 2020.

“One of the oil ships has broken down its engines after being held for 10 months off Jizan port by the coalition,” Al-Adhrai added.

He pointed out that by the coalition forces has detained 10 UN-permitted ships and prevented them to enter to Hodeida port, despite paying their price in cash to Emirati banks.

AA