Yemen ‘on the brink’ of economic collapse

Petrol crises show off again in Yemen

The crises of petrol returns again to the capital city of Yemen to Sana’a and other major cities. Yemen las suffered in the last two week for hard shortage of  petrol and the taxi drivers and public used to wait for long hours in front of the petrol station.

Yemen’s oil minister said his country is on the brink of an imminent economic collapse due to recurrent bomb attacks on oil pipelines and ongoing social unrest.

“Acts of sabotage on the oil pipeline in Wadi Ubaida in Marib province have hampered the flow of oil since mid-March and undermined the confidence of foreign investors in the country,” said Amir Salim Al-Aydarus.

Yemen is among the Arab countries swept up in protests against longtime rulers since the January revolt that ousted Tunisia’s ruler Zine El Abedine Ben Ali.

Yemen has likewise been wracked by antigovernment protests and clashes between demonstrators and security forces for many weeks, but Yemen’s long-serving President Ali Abdullah Saleh is determined to remain in office.

“The opposition want to destroy the Yemeni economy, but we will not allow them to do so,” Saleh said over national television. “All Yemenis must unite to stand against the crises,” he said.Opponents of the regime, including powerful tribes, appear to be attacking the country’s oil facilities in an effort disrupt the country’s exports and force Saleh’s resignation.

Security officials have said the tribes, in addition to blowing up the country’s main export pipeline, have also blocked tanker trucks from moving through their territory.

“Several foreign oil companies have quit the country and the refineries in the southern province of Aden came to a standstill a week ago,” Al-Aydarus told members of the Yemeni parliament.