Yemen's Main Oil Pipeline Blown up Again

Saboteurs blew up part of Yemen's main Marib-Ras Isa oil pipeline Friday, halting the flow of crude, the country's defense ministry said. 

Subversive elements blew up the pipeline in Serwah district in central Maarib province east of the capital, the ministry said in a statement posted on its website. 

The pipeline carries about 120,000 barrels of oil a day from the Marib fields to Ras Isa export terminal on the Red Sea. It has been the target of numerous attacks in the past two years, leading to the cessation of oil extraction for almost a year in 2011 and resulting in losses of up to $15 million a day in export earnings for the impoverished country. 

The Yemeni government has previously said that last year's series of explosions led to losses of more than $3 billion. 

Yemen, which once produced about 270,000 barrels of oil a day, has seen its oil and gas pipelines repeatedly sabotaged since anti-government protests broke out in January 2011.

Copyright (c) 2012 Dow Jones & Company, Inc.


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