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Houthi warns oil companies to leave Saudi Arabia and UAE

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Yemen’s Houthi rebels have warned oil companies operating in Saudi Arabia and the United Arab Emirates (UAE) to pack their bags and leave as warring sides in Yemen’s conflict fail to agree on a six-month extension to the ceasefire.

Fighting in Yemen has been going on for more than seven years after the Iran-linked Houthis overthrew an elected president, prompting Saudi Arabia to wage war on the rebel group. In response, the Houthis have made oil facilities in Saudi Arabia their preferred targets.

Yemeni Armed Forces spokesman Yahya Saree wrote on Twitter this weekend, warning oil companies to organize to leave Saudi Arabia and the UAE.

“As long as the US and Saudi aggressor countries do not commit to a truce that gives the Yemeni people the right to use their oil wealth in exchange for the salaries of Yemeni state employees, the armed forces will give oil companies operating in the UAE and Saudi Arabia the opportunity to organize their situation and leave,” Saree wroteadd “Forewarned is forewarned”.

“If the Saudi-UAE coalition continues to deprive our Yemeni people of their rights to resources, our military can, with God’s help, deprive them of resources,” a Yemeni military spokesman said. Add to.

Meanwhile, the UN envoy to Yemen, Hans Grundberg, Say On Sunday, he regretted that “no deal was reached today, as extending and extending the truce would provide additional key benefits to the population.”

“As negotiations continue, the UN envoy calls on all parties to remain calm and refrain from provocation or any action that could lead to an escalation of violence,” the UN statement read.

Two months ago, Yemen’s Houthi-led government accused the country of withdrawing from the Saudi-backed coalition. $13 billion Yemen’s oil revenues over the past five years, with reports that another $180 million in looted oil left the country in August on Greek tankers.

in a tweet local media sourcesAbdul Malik Al-Ajri, an official of the Houthi negotiating delegation, claimed that the $13 billion “looted” from Yemen’s oil revenue was based on OAPEC (Organization of Arab Petroleum Exporting Countries) data and maritime traffic data.

Michael Kern for Oilprice.com

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