YEMEN has shut its major ports, local sources have told Reuters, after Saudi tanks launched attacks on rebels who appeared to have had the upper hand as government leaders fled the country.
The presence of Iranian naval forces off the coast of Yemen is also significant as fears grow of a proxy war between Sunni and Shia fractions of Islam with Saudis leading Sunni forces and the Iranian leading Shia forces.
"All major seaports were shut down due to the rising conflict," said an industry source. Local sources in Yemen confirmed the closure.
Yemen exports about 1.4 million - 1.5 million barrels of Masila crude each month, mainly to China from the ports of Aden, Al Mukalla, Al Mokha and Al Hudaydah.
French oil company Total is the biggest foreign investor in Yemen and operates the Balhaf gas export facility, which mainly exports natural gas to Asia and Europe.
PORTS
30 March 2015 - 04:37
Yemen shuts major ports as Saudi tanks roll in attacking rebel positions
YEMEN has shut its major ports, local sources have told Reuters, after Saudi tanks launched attacks on rebels who appeared to have had the upper hand as government leaders fled the country.
PORTS
30 March 2015 - 04:37
Yemen shuts major ports as Saudi tanks roll in attacking rebel positions
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