A pipeline designed to carry up to 125,000 barrels of oil per day was attacked in Yemen, halting the flow of crude oil to Yemeni ports. Yemen relies on oil exports for more than half of its government spending and the country’s president said last week his economy would grind to a halt if oil companies flee the national security situation there. The attack comes amid growing concerns about the possibility of al-Qaida plots in Yemen and elsewhere in the region. It also follows an emerging trend in the region’s energy sector.
Yemen’s official Saba News Agency blamed the attack on frustrated tribesmen, who’ve pressed the embattled government for more financial concessions. The attack came less than a week after a similar incident on a pipeline designed to carry 125,000 barrels of oil per day from the Safer oilfields to an export terminal in al-Hudaydah province, along the eastern coast.