Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Exclusive: Bank of Aden info on oil, gas revenues not true - Minister

  • By Al Mayadeen English
  • Source: Agencies
  • 21 Aug 2022 22:01
4 Min Read

Deputy Minister of Oil in the Sanaa government says the figures provided by the aggression forces on Yemeni oil revenues, which surpassed 2 billion dollars, are misleading.

  • x
  • Yemeni official to Al Mayadeen: No truth about Bank of Aden oil and gas revenues.
    Yemeni official to Al Mayadeen: No truth about Bank of Aden oil and gas revenues.

Deputy Minister of Oil in the Sanaa government, Yasser Al-Wahidi, denied on Sunday the validity of the information reported by Reuters about the Bank of Aden's report on oil and gas revenues during the first semester, stressing that the figures provided by the aggression forces on Yemeni oil revenues, which surpassed 2 billion dollars, are misleading.

The source emphasized in an interview for Al Mayadeen that the report, which showed that the revenues from crude oil and gas exports amounted to $739.3 million from January to June, is misleading and untrue, adding that the aim of its publication is to obscure the truth.

Read next: Sanaa: Saudi coalition seizes diesel ship despite obtaining permits

The Minister added that the revenue sector of the mercenaries-affiliated Ministry of Finance in the city of Aden does not receive any data on the volume of actual exports of crude oil, nor the number of its revenues.

Al-Wahidi pointed out that the revenues are submitted to the National Bank of Saudi Arabia and the forces of aggression don't reveal any data about the exportation process, which is controlled by a sub-committee headed by Saudi Ambassador Al Jaber and Maeen Abdul Malik.

He also noted that there is no data provided on the Ministry of Oil website showing the number of bids conducted to sell Yemeni crude oil.

In numbers 

In addition, the source confirmed that the production at the beginning of the year reached 2,614,200 barrels per month, explaining that the volume of exports of Yemeni crude oil from January to June this year was 18,299,400 barrels, while the domestic gas production from January to August this year reached 300 and 37 thousand metric tons.

The revenues of exported oil and gas sold during the period from January to June amounted to 1 trillion and 200 billion riyals, or more than 2 billion dollars, according to the same source.

Al-Wahidi pointed out that the average monthly average of crude oil amounted to 2,614,200 barrels per month, the proceeds of which are plundered by the coalition of aggression and deposited in an account in the National Bank of Saudi Arabia, knowing that these revenues can cover the employee' salaries for a year and a half.

The wealth of the Yemeni people is undergoing systematic looting and the "looted wealth is being used to pay the bills of the weapons purchased to bomb our [Yemeni] people," the source said. 

The source detailed the percentage of looting Yemeni oil, saying that what was looted in 2018 exceeded 18 million and 80 thousand barrels at an average price of $72 per barrel, and at a value of one billion and 301 million dollars.

He added that what was looted in 2019 amounted to more than 29 million and 692 thousand barrels, with a value of $2 billion and $300 million at an average price of $77 a barrel. In 2021, 31,627,000 barrels were looted with a value of $2.24 billion and 149 thousand dollars at an average price of $49 a barrel.

This comes at a time when the Yemeni Oil Company in Sanaa accused the Saudi coalition of seizing a new oil derivatives ship loaded with diesel, despite being inspected and having obtained a permit from the United Nations.

  • Yasser Al-Wahidi
  • Yemen
  • Yemeni Oil Company
  • Saudi Arabia
  • Bank of Aden

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

  • Politics
  • 22 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS