China is providing an economic lifeline to Yemen’s embattled government as it offers a steady outlet for crude exports. Exports to China from the south-eastern Ash Shihr terminal have averaged 29,000 b/d since their resumption in August 2016 following government military advances. Thailand is the only other key buyer with around 10,000 b/d, though Italy took two cargoes totalling 1.6mn barrels late last year (see chart). Some small volumes are also shipped west to Yemen’s Aden...
War-Torn Yemen Maintains Steady Crude Exports; China, Thailand The Key Buyers
Published on Fri, 15 Sep 2017 - Volume: 60 Issue: 37Print
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