Tanker cargoes disrupted as Yemeni pipeline is blown up
TANKERS face new disruptions to cargo loading, following the blowing up of a major pipeline in Yemen, affecting crude supplies from the pipeline to the Ras Isa export terminal on the Red Sea. The pipeline was blown up by Yemeni tribesmen campaigning for a larger share of jobs and government...
Yemen to build oil terminal at Ras Isa costing $160m
Dubai: The Ministry of Oil and Minerals has signed a contract with a consortium of Indian, Emarati and German companies to build an oil port in Ras Isa, costing $160m. According to the official news agency SABA, the costs of the land-installations will reach about $120m, whereas the costs of the offshore construction will reach about $40m. The project will include the construction of four oil tanks with a total capacity of more than 2m barrels. [09/10/13]Upload News
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