Within Four Month of Truce, 551.8B YR of Yemeni Oil, Gas Revenues Looted

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During the four months of the UN-brokered truce and the extension that took place between April 2 and August 2, the pro-coalition government looted Yemeni crude oil and domestic gas revenues, the equivalent of the salaries of state employees for seven months.

This amount was enough to alleviate the suffering of the people, which has been going on for nearly six years, since the Saudi coalition transferred central bank jobs to Aden and cut salaries.

The total revenues of crude oil and domestic gas looted by the Saudi-backed government in the past four months is about 919.66 million dollars, equivalent to about 551.8 billion Yemeni riyals. It would have covered the salaries of all state administrative employees for more than seven months, at 77 billion Yemeni riyals for each month.

The looted crude oil is about 8.3 million barrels, with a total value of up to 801 million dollars, equivalent to 480.6 billion Yemeni riyals. The domestic gas sold by the Saudi-backed government is about 232.5 thousand tons, which is equal to 20 million cylinders, with a total of 71.2 billion Yemeni riyals.

Yemeni crude oil was subjected to a series of continuous looting by Saudi-backed forces. On April 10, the foreign ship Politaris arrived at the Dabba port in Hadramout to loot 2.3 million barrels.

Its total value is approximately $267 million. While the Indian ship SEAVELVET arrived on the 25th of the same month at Al-Nashima port in Shabwa governorate to loot one million barrels, with a total value of 106 million dollars. On May 31, the foreign ship Apolitaris arrived at the port of Ash-Shihr in Hadramout to loot more than 2.2 million barrels, with a total of more than $270 million.

June and July, were also witnesses to the series of Saudi-sponsored forces looting, and behind them, the Saudi coalition, for Yemeni crude oil.

On the 26th of last June, the ship Golf Aetos arrived at the Radhum port in Shabwa governorate to loot 400,000 barrels, with a total value of $44 million. It was followed by three days later, on the 29th of the same month, the arrival of the Emirati ship lSABAELL to the port of Al-Nashima in Shabwa to loot nearly one million barrels, worth 114 million dollars.

During April 2 – August 2, 2022, the Saudi-backed government sold 9,300 trailers distributed in 20 million cylinders. With a total of 232.5 thousand tons, with a total value of 71.2 billion Yemeni riyals.

A monthly rate of 2325 trailers, in which five million cylinders are distributed from the company per month, with a total value of 17.8 billion riyals. The price per cylinder is 3576 riyals.

An UN-brokered truce in Yemen first came into effect on 2 April, and for an initial two months.  It was renewed for another two months in June.

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