Xinhua | Agencies
Published on May 30, 2012 12:59

Yemeni President Abd-Rabbu Mansour Hadi said Tuesday that his country has lost more than $2 billion due to repeated attacks on oil export pipelines, the state-run Saba news agency reported.

"The oil export pipeline transferring crude from central province of Marib to Ras Issa terminal on the Gulf of Aden has been repeatedly attacked and vandalized during the past months and from then on the country loses $15 million per day, with a total loss of more than two billion dollars ever since the attacks, " Hadi was quoted by Saba as saying.

"The development of our country is at risk, and we are in a consensus transitional period that had seen a presidential election and a peaceful transfer of power ... everyone must know that such acts are criminal and aggressive not only against the government, but against all the people from the north to the south, from the east to the west," the president said.

Several armed tribes and Islamic groups have frequently attacked oil and gas export pipelines to force the government to meet their demands, which further deteriorates the fuel shortage in the Arab country since popular protests erupted against former president Ali Abdullah Saleh in January last year.

Earlier this month, a group of armed tribesmen blew up a key oil export pipeline in the central province of Marib, the ninth attack on the same pipeline that transports crude oil from oil- rich Marib to export terminals in about 11 months, leading to reduction of output of 125,000 barrels per day at Ras Issa terminal on the Red Sea.

Besides the tribal problems in Marib, the country's gas sector in the southeast province of Shabwa has been attacked several times over the past weeks by resurgent al-Qaida militants, despite the government's ongoing offensive against the terrorist group.

The cash-stripped Yemeni government depends on oil exports for up to 70 percent of its budget. It said earlier that it has lost nearly one billion dollars due to the attacks on the Marib's key oil pipeline.

Hadi, who replaced Saleh in February following one-year unrest, has promised to continue fighting terrorist groups and improve his country's economy during his two-year interim term.

Posted in: Mid-East