Ministry of Oil & Minerals

Oil is vital to Yemen development and our current production is around 280,000 bbl/d provides the main source of income. Yemen contains oil in place of 10.9 billion barrels and had produced 2.7 Billion barrels in 2011. With natural gas reserves of 18.2 trillion cubic feet, Yemen has considerable potential as a natural gas producer and exporter. The bulk of Yemens gas reserves are concentrated in the Marib-Jawf fields. Yemen currently has a crude refining capacity of 120,000 bbl/d from two local refineries. The refinery in Aden operated by Aden Refinery Company with a capacity of 110,000 bbl/d, while the other refinery at Marib operated by Yemen Refinery Company with a capacity of 10,000 bbl/d. However, Ministry of Oil and Minerals (MOM) is trying to upgrade the current capacity as well as to build new refinery at, Hadhramot. By May 1990, there were six foreign oil companies operating in Yemen. Following the reunification of Yemen in 22 of May 1990, Yemen has become more att...