Middle East Economic Survey


No 20



Yemen Teeters Closer To Catastrophe Beyond Imagination

A labor strike at the 70,000 b/d Nexen-operated Masila field, combined with an earlier stoppage of Marib production, brought a virtual halt to Yemeni oil production for a few days in early May. The strike was called off by 11 May, but already political turmoil, production disruptions and attacks on pipelines, if they persist, will mean the the government will be unable to meet...