Committee denies the numbers stated by the Bank of Aden about oil and gas revenues (Details)

Today, Sunday, a source in the Supreme Economic Committee in Sana’a denied the validity of the information reported by “Reuters” about the Bank of Aden report on oil and gas revenues during the first half, stressing that the numbers are misleading and that oil revenues exceeded $2 billion.

The source stressed that the report issued by the Bank of Aden, which showed that revenues from crude oil and gas exports amounted to $739.3 million from January to June, “is misleading and did not reveal the truth and the aim of its publication is to obscure the truth.”

The source said that “the revenue sector in the Ministry of Finance of the mercenaries in the city of Aden does not receive any data on the volume of actual exports of crude oil, nor the number of its revenues.”

Moreover, it pointed out that “the profits are submitted to the National Bank of Saudi Arabia, and the forces of aggression do not show any data about the exports, which is controlled by a mini-committee headed by the Saudi Ambassador Al-Jaber and Mueen Abdul Malik,” noting that “there is no data on the Ministry of Oil website showing the number of tenders that have been conducted to sell Yemeni crude oil.”

The source confirmed that “the production at the beginning of the year reached 2,614,200 barrels per month,” saying that the volume of exports of Yemeni crude oil from January to June this year was 18,299,400 million barrels, while the exports of Yemen’s natural gas from January to August this year reached 300 thousand metric tons.

The revenues of exported oil and gas sold during the period from January to June amounted to 1 trillion and 200 billion riyals, or more than 2 billion dollars, according to the same source.

It was pointed out that “the average monthly production of crude oil amounted to 2,614,200 thousand barrels per month, and revenues are looted by the aggression coalition to an account in the National Bank of Saudi Arabia,” explaining that “the proceeds of crude oil production and natural gas sales looted by the US-Saudi aggression coalition since the beginning of this year can cover the salary of employees for a year and a half.”

The source detailed the percentage of thefts of Yemeni oil, saying that what was looted in 2018 alone exceeded 18 million barrels at an average price of $72 per barrel, which is estimated to be 1.3 billion dollars. The looted amount in 2019 amounted to more than 29 million barrels, with revenues reaching 2.3 billion dollars, at an average price of $77 per barrel. In 2021, about 31,627,000 barrels were looted and were sold for nearly $49 a barrel, making over $2.24 billion.

This comes at a time when the Yemeni Petroleum Company in Sana’a said that “the coalition of aggression is seizing a diesel ship, despite obtaining entry permits from the United Nations, in a new violation of the temporary armistice.”

At the beginning of this month, the Yemeni news agency “Saba” reported that the Saudi coalition looted crude oil and gas revenues in Yemen, “equivalent to the salaries of all state employees for a period of 7 months.”