On September 29th at the Embassy of the Republic of Korea and Faculty of Engineering, Sana’a University organized the 2014 Korea-Yemen Forum on the current situation and future prospects of the energy sector in Yemen.
Lee Young Ho, Ambassador of the Republic of Korea said that Yemen has a long and significant history of cooperation in the energy field. “Marib oil blocks in1985 were the first case in Korean history in which Korean oil companies participated in the development of overseas oil field and participated in the Yemen LNG project and remain the top importer of its product,” he said.
Ho added that the unrealized potential for further cooperation is even greater and that Yemen is rich in natural resources waiting for exploration and development in cooperation with international partners.
“Yemen is also looking to utilize its endowment of alternative sources of power, such as solar, wind and geothermal energy. As an innovation leader in green energy, Korean might be a good fit for the needed partnership.”
Undersecretary of the Ministry of Oil and Minerals Engineer Shawqi al-Mikhlafi said that the reason for the scarcity of domestic gas is the result of the detention of 122 locomotives loaded with cooking gas at the entrance to Sana’a.
Al-Mikhlafi added that everyone has to stay away from targeting interests of service that are the property all people and should not be compromised. “Losses of the oil sector as a result of acts of sabotage amounted to five billion dollars in the past three years. It is unfortunate that the ability of generating energy in Yemen after 52 years on the revolution is a thousand megawatts only.”