On 29 July Austria’s OMV became the first IOC to export Yemeni crude since 2015 when the Ambelos oil tanker disembarked from the Bir Ali terminal, a tiny offshore single point mooring station (SPM) located 30km west of the Yemen LNG facility at Balhaf (see map). The Ambelos is currently in the Indian Ocean sailing toward East Asia—the primary market for Yemeni crude.

OMV, the only foreign firm currently operating in Yemen, confirmed to MEES in April that it had restarted test...