Yemen closes Aden refinery as conflict escalates

Yemen will now face severe fuel shortages

The Aden refinery exports around 50,000 tonnes of naptha.
The Aden refinery exports around 50,000 tonnes of naptha.

Yemen has shut its 150,000 barrel per day Aden refinery, as the situation in the country worsens, according to Reuters.

"The refinery is shut down and delivery of cargoes will be difficult unless sellers and buyers can accept the available quantity," one of the sources close to the matter told Reuters.

Aden Refinery Company has also suspended its import agreement for oil products into the country.

On average, the Aden refinery exports 50,000 tonnes of naphtha every month and intermittent quantities of jet fuel. Yemen is reliant on imports of motor fuels gasoline and diesel, importing about 300,000 tonnes every month.

With the closure of the refinery and the oil import tender process suspended, the country is likely to face severe fuel shortages, traders said.

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