Yemen has recommenced production and exports of crude oil from its Masila Oilfield for the first time in over a year.
Production at the field had been stopped since the outbreak of civil war in the country over 16 months ago.
Yemen averaged production of 127,000 barrels per day in 2014, but production levels have dwindled to just 44,000 barrels in recent months.
Yemen’s Sabanew website quoted oil minister Saif al-Sharif as saying Yemen would also resume production from the Shabwa and Marib oilfields, but gave no indication of timing or production levels.
Compared to its neighbours in the Arabian Gulf, Yemen has relatively small oil reserves, with approximately 3 billion barrels of oil.
Yemen’s reserves are comprised mainly of two separate types of crude. Marib crude is light and sweet, whereas Masila is sour, containing large quantities of hydrogen sulphide.