El Molla stressed Egypt’s readiness to provide Yemen with all the capabilities needed in order to promote the oil and mining sector, following the challenges it has experienced in recent years.

Yemen’s energy minister of the country’s internationally-recognised government,  Aws Abdullah al-Awd, announced that Yemen has plans to ramp up production by 25% to 75,000 barrels of oil per day (bbl/d).

Yemen’s Safer Oil company, owned by the internationally recognized government of Yemen, resumed pumping oil from its fields in Shabwa to a terminal on the Arabian Sea.

The government of Yemen has called upon oil companies involved in exploration and production (E&P) to restart work based on mutual partnership agreements.

The UAE has built a 120 MW, $100 million power station in the Yemeni port city of Aden.

Saudi Arabia resumed oil shipments through the Red Sea shipping lane Bab al-Mandeb.

Saudi Arabia is “temporarily halting” all oil shipments through the Red Sea due to an attack on two oil tankers by Yemen's Houthi movement.

Saudi Aramco affirmed that their plants and facilities in the Najran province are fully operational, after reports of a short-range ballistic missile being fired towards an Aramco facility.

Austrian oil company OMV has signaled that oil production could resume in south Yemen in April 2018.

Yemen’s Houthi rebels once again threatened oil tankers passing along Yemen’s strategic western coast.