Yemeni economy lost over 12 billion dollars in 2021 due to Saudi oil blockade

Yemeni economy lost over 12 billion dollars in 2021 due to Saudi oil blockade

The Yemeni Petroleum Company (YPC) has estimated the direct losses of the national economy as a result of the difference in the costs of obtaining fuel due to the blockade have reached more than 600 million dollars since the beginning of 2021, while the indirect losses are estimated at more than 12 billion dollars.

The company’s Executive Director, Ammar Al-Adhrai, explained, during a protest vigil organised by the Public Health and Population Office and the YPC in front of the United Nations office in the capital Sana’a, that since the beginning of this year, the Saudi-led aggression coalition has allowed only two ships loaded with diesel and two others loaded with petrol to enter the port of Hodeidah for the public consumption of Yemenis.

He stated that the released ships represent only four percent of the actual need in the country.

Al-Adhrai indicated that “there are studies issued by international universities confirming the futility of any aid to Yemen in light of the siege imposed on it, because the economy is receiving huge shocks due to the blockade, and the solution lies in lifting the siege.”

“The United Nations is aware of the suffering of the Yemeni people as a result of the aggression and the siege,” al-Adhrai added, indicating that “the damages in the occupied areas exceeded hundreds of billions of dollars due to the collapse of the economic situation.”

The company Executive Director held the United Nations and the US-backed aggression coalition fully responsible for the repercussions of the blockade and maritime piracy on fuel ships.

He indicated that a study is currently being prepared by a group of specialists and academics on the direct and indirect losses of the national economy due to the blockade, to be published soon.

Meanwhile, the statement issued by the government and private health sector in the capital Sana’a condemned the continued detention of oil derivatives ships by the aggression coalition.

The statement pointed out that health facilities are still suffering greatly due to the lack of oil derivatives. It noted that heart and cancer patients are dying due to the blockade which prevents the entry of medical devices.

The statement called on “the remaining human conscience in some neutral countries and organisations to stand by the Yemeni people and support them in breaking the unjust siege.”