Individual Country Report: YEMEN
Strategic Analysis (SA) at the Henry Jackson Society (HJS) has just released its MENA Oil and Gas Sector Risks and Forecasts Report as well as Individual Country Risk and Forecast Reports. The Yemen report utilises a high-profile network with a detailed knowledge of the region. This is something that will benefit individuals within the legal, financial services, energy, banking, consultancy and infrastructure sectors.
Strategic Analysis leverages the unique specialist capabilities of the Henry Jackson Society Research Division to provide clients with decision-ready, commercially relevant research, analysis and consulting services to assist them with mitigating risks and identifying opportunities for their business. Our highly skilled analysts frequently appear on the BBC, Sky, Al-Jazeera and often write for the New York Times and the Financial Times, amongst other papers. The Henry Jackson Society regularly deals with the House of Commons and organises high profile events with the likes of Mohammad Yunus and Jeffrey Sachs.
Executive Summary
The oil and gas sector in Yemen is highly affected by political divisions, terrorism and a weak government. Investors should be aware of extreme domestic instability in Yemen.
Disaffected tribal members and al-Qaeda aligned operatives, Al Qaeda in the Arabian Peninsula, regularly bomb oil and gas installations in Ma’rib and Shabwa, where much of Yemen’s energy industry is based, such as major oil pipelines, from Shabwa to Balhaf and from Ma’rib to Ras Isa. This has badly impacted Yemen’s capacity to supply a regular flow of oil. The state budget income is 60 – 70% reliant on crude oil, yet sabotage on oil and gas pipelines by tribesmen and militants leads to a $400 – 500m loss per month. Moreover the Yemeni government is still unable to provide sufficient security to safeguard the entire pipeline network which causes an enormous financial loss, an insecure environment for investors and mistrust from the local population.
Our report details the political, economic and security risks mentioned above as well as a legislative risk, an overview of the sector and an in-depth forecast of risks to investment.
Strategic Analysis leverages the unique specialist capabilities of the Henry Jackson Society Research Division to provide clients with decision-ready, commercially relevant research, analysis and consulting services to assist them with mitigating risks and identifying opportunities for their business. Our highly skilled analysts frequently appear on the BBC, Sky, Al-Jazeera and often write for the New York Times and the Financial Times, amongst other papers. The Henry Jackson Society regularly deals with the House of Commons and organises high profile events with the likes of Mohammad Yunus and Jeffrey Sachs.
Executive Summary
The oil and gas sector in Yemen is highly affected by political divisions, terrorism and a weak government. Investors should be aware of extreme domestic instability in Yemen.
Disaffected tribal members and al-Qaeda aligned operatives, Al Qaeda in the Arabian Peninsula, regularly bomb oil and gas installations in Ma’rib and Shabwa, where much of Yemen’s energy industry is based, such as major oil pipelines, from Shabwa to Balhaf and from Ma’rib to Ras Isa. This has badly impacted Yemen’s capacity to supply a regular flow of oil. The state budget income is 60 – 70% reliant on crude oil, yet sabotage on oil and gas pipelines by tribesmen and militants leads to a $400 – 500m loss per month. Moreover the Yemeni government is still unable to provide sufficient security to safeguard the entire pipeline network which causes an enormous financial loss, an insecure environment for investors and mistrust from the local population.
Our report details the political, economic and security risks mentioned above as well as a legislative risk, an overview of the sector and an in-depth forecast of risks to investment.
YEMEN
SECTOR OVERVIEW
KEY COMPANIES
DOMESTIC
INTERNATIONAL
FIELDS/COMPANIES GRAPH
PRODUCING FIELDS AND OWNERSHIP
INFRASTRACTURE AND TRANSIT ROUTES
OIL
GAS
TRANSIT ROUTES
POLITICAL
BACKGROUND
POLITICAL DIVISIONS
POLITICAL CONSTRAINTS
CORRUPTION AND BRIBERY
RELEVANT INSTITUTIONS
ECONOMIC
BACKGROUND
ISSUES
ENERGY MARKET AND CONSUMPTION
LEGISLATION
LEGAL FRAMEWORK
TAX
SECURITY
DOMESTIC
TERRORISM
INTERNAL PROBLEMS
INTERNATIONAL
CROSS-BORDER GEOPOLITICAL RISKS
FORECAST
SECTOR OVERVIEW
KEY COMPANIES
DOMESTIC
INTERNATIONAL
FIELDS/COMPANIES GRAPH
PRODUCING FIELDS AND OWNERSHIP
INFRASTRACTURE AND TRANSIT ROUTES
OIL
GAS
TRANSIT ROUTES
POLITICAL
BACKGROUND
POLITICAL DIVISIONS
POLITICAL CONSTRAINTS
CORRUPTION AND BRIBERY
RELEVANT INSTITUTIONS
ECONOMIC
BACKGROUND
ISSUES
ENERGY MARKET AND CONSUMPTION
LEGISLATION
LEGAL FRAMEWORK
TAX
SECURITY
DOMESTIC
TERRORISM
INTERNAL PROBLEMS
INTERNATIONAL
CROSS-BORDER GEOPOLITICAL RISKS
FORECAST
