Yemen Oil and Gas Corporation explained

The Yemen Oil and Gas Corporation (YOGC,المؤسسة اليمنية العامة للنفط والغاز), a government-owned corporation under the direction of the Ministry of Oil and Minerals of Yemen,^[1] is an oil and natural gas exploration and production company headquartered in Sana'a.^[2] It was established in 1996.^[3]

In April of 2008, YOGC holds 15% participation with Medco Yemen, Kuwait Energy, Indian Oil, Oil India, who all signed an agreement with the Ministry of Oil and Minerals of Yemen for the exploration, development and production of Block 82 and Block 83 in Hadhramout Governorate.

In March 2012, the YOGC began a partnership with Total, the Austrian OMV, and the Czech MND for sismic surveys which could lead to drilling explorations in an eastern area of Marib Basin which covers more than 2,954 square kilometers.^[4]

YOGC has the following subsidiaries:^[5]

• Petroleum Products Distribution Company (YPC or Yemen Petroleum Corporation)
• Yemen Gas Company (YGC)
• Aden Refinery Company (ARC)
• Petroleum Exploration and Production Authority (PEPA)
• SAFER Exploration & Production Operations Company
• Yemen Investments Company for Oil and Minerals (YICOM)
• Yemen Refining Company (YRC)

In 2023, reports emerged about the floating storage and offloading vessel FSO Safer belonging to YOGC which remains unmaintained and polluting the Red Sea since the beginning of the civil war. In March 2023, the United Nations decided to replace it with one of their very large crude carriers (VLCC) to avoid a possible oil spill and environmental catastrophe.^{[6] [7] [8]}

See also

• Yemen LNG

External links

• YOGC Corporate Website

Notes and References

1. Web site: Signing of Production Sharing Agreement with Ministry of Oil and Minerals Republic of Yemen for Block 82 and 83 . 2023-07-12.
2. Web site: YEMEN GENERAL OIL AND GAS CORPORATION Yemen, Sanaa . 2023-07-12 . info-clipper.com . en.
3. Web site: About Us. Yemen Oil and Gas Corporation. 27 March 2015.
4. Web site: Total acquires exploration license for Yemen operations . 2023-07-12 . www.oilreviewmiddleeast.com. 7 March 2012 .
5. Web site: Yemen - Analysis. US Energy Information Administration (EIA). 27 March 2015.
6. Web site: 2023-04-06 . UN Ship Due To Prevent Yemen Oil Spill Departs For Red Sea . 2023-08-15 . International Business Times . en-US.
7. Web site: 2023-03-10 . UN strikes $55m VLCC deal with Euronav to replace 'time bomb' tanker . 2023-08-15 . TradeWinds Latest shipping and maritime news . en.
8. Web site: Mandra . Jasmina Ovcina . 2023-03-10 . UNDP buys Euronav's VLCC to prevent catastrophic spill from 'ticking bomb' FSO off Yemen . 2023-08-15 . Offshore Energy . en-US.