Sayyed Abdul-Malik al-Houthi reveals oil sector’s losses due to Saudi-led coalition war on Yemen
SANAA, March 26 (YPA) – Sayyed Abdul-Malik Badr al-Din al-Houthi, revealed on Thursday the extent of direct and indirect losses in the oil sector since the start of the war on Yemen on March 26, 2015.
In a speech commemorating “the National Steadfastness Day,” Sayyed Abdul-Malik al-Houthi confirmed that the direct and indirect losses in the oil sector since the beginning of the aggression (war on Yemen by Saudi-led coalition), as a preliminary estimate, have exceeded $57 billion.
Sayyed al-Houthi stated, “Among the damages inflicted on oil facilities is Yemen’s loss of revenue from 90 million barrels of oil annually due to the cessation of production caused by the aggression.” He added, “Yemen’s oil production had reached nearly half a million barrels per day, but the people do not benefit from this wealth at all.”
He explained that “the reliance on oil wealth for salaries and basic services was based on this wealth, with only a pittance remaining after foreign companies and influential figures in the former regime plundered the lion’s share.”
Sayyed al-Houthi pointed out that the Yemeni people “have been completely deprived of their oil wealth, and Yemen ranks 27th globally in oil reserves, though the actual figure is perhaps much higher.”
The leader stated that there is significant deception even regarding the actual figures for Yemen’s oil reserves by foreign companies, emphasizing that “it is a great injustice to the Yemeni people to be deprived of their national wealth, which would cover all salaries and basic services of all kinds.”
Sayyed al-Houthi continued, saying, “Our people’s suffering was created by the aggression coalition through its deprivation of the oil wealth that belongs to the people, coupled with a suffocating economic blockade and various economic conspiracies.”
He reiterated that “the aggression coalition bears significant obligations to Yemen and future generations for the projects it has disrupted, sabotaged, and destroyed, particularly regarding salaries and the torture of employees and their families. This is but one detail of the aggression coalition’s crimes against this people.”
Sayyed al-Houthi concluded his speech by noting that “the aggression coalition continues to directly occupy a large area of the country and persists in its blockade and deprivation of the Yemeni people of their national wealth.”
YPA