popular articles

Donor conference on May 4 for Yemeni oil tanker rescue operation

The UN is holding a virtual donor conference on May 4 to raise the missing $29 million for the crucial operation to rescue an abandoned oil tanker off the coast of war-torn Yemen. The operation to prevent an oil spill in the Red Sea has a total cost of $148 million.

Please share:

A virtual donor conference will be held on May 4 to try to raise the missing $29 million for the crucial operation to rescue an abandoned oil tanker off the coast of war-torn Yemen, the UN said Thursday.

In March, to avoid an oil spill in the Red Sea, the UN had announced that it had bought a huge tanker to be able to transfer the equivalent of a little more than a million barrels from the tanker FSO Safer anchored off the strategic port of Hodeida (western Yemen), which could break up, explode or catch fire at any time, according to experts.

The supertanker Nautica is currently underway and should first reach Djibouti in early May. But this unprecedented operation for the UN, with a total cost of $148 million ($129 million for the rescue and $19 million for the second phase), is not fully funded. “We urgently need to fill the $29 million gap in the emergency operation and raise additional funds to ensure long-term oil storage,” David Gressly, UN coordinator for Yemen, said in a statement.

In this context, the United Kingdom and the Netherlands, in partnership with the UN, will host a virtual donor conference on May 4. “A huge disaster is looming on the horizon, which would have major humanitarian, environmental and economic consequences. But we have a chance to prevent this disaster,” commented Dutch Minister for Foreign Trade and Development Liesje Schreinemacher.

The United Nations Development Programme (UNDP), which is at the forefront of this issue, also announced on Thursday the finalization of the contract with SMIT Salvage, a subsidiary of the Dutch company Boskalis, to carry out the transfer of oil from the Safer to the Nautica and prepare the towing of the tanker once it is emptied.

This agreement “is another critical step in the operation +Stop Red Sea Spill”, commented the head of UNDP Achim Steiner. A SMIT ship was due to leave on Thursday for the Red Sea loaded with “generators, hydraulic pumps and other specialized equipment to conduct operations on the Safer whose systems are no longer operational,” the UNDP said.

The start of operations is expected in May. About 45 years old, the FSO Safer, which serves as a floating storage and offloading terminal, has not been maintained since 2015 as Yemen is plunged into one of the world’s worst humanitarian crises due to the war between the ruling government and Houthi rebels. According to the UN, the Safer contains four times the amount of oil of the Exxon Valdez, the tanker that caused one of the biggest environmental disasters in the history of the United States in 1989.

Register free of charge for uninterrupted access.

Advertising

Recently published in

JETP, a G7-backed initiative, promises to finance the energy transition of developing nations. However, financing delays and structural obstacles are holding back the achievement of climate goals in countries such as South Africa, Indonesia, Vietnam and Senegal.
Multilateral banks and the UN are stepping up their efforts to mobilize long-term financing, with the aim of closing the Sustainable Development Goals (SDGs) gap by 2030.
Multilateral banks and the UN are stepping up their efforts to mobilize long-term financing, with the aim of closing the Sustainable Development Goals (SDGs) gap by 2030.
The G20 approves an IEA guide to support energy innovation in emerging economies, by proposing policies adapted to energy transitions.
The G20 approves an IEA guide to support energy innovation in emerging economies, by proposing policies adapted to energy transitions.
BlackRock's acquisition of a 20% stake in Naturgy, a key energy company in Spain, raises crucial issues about the energy transition and the concentration of foreign ownership in strategic sectors. This dynamic deserves particular attention.
BlackRock's acquisition of a 20% stake in Naturgy, a key energy company in Spain, raises crucial issues about the energy transition and the concentration of foreign ownership in strategic sectors. This dynamic deserves particular attention.
The interdependence between the Western and Russian nuclear industries raises major concerns, especially in the context of economic sanctions. This report highlights the challenges and costs involved in reducing this dependence, prompting further reflection.
Ukraine and Moldova are facing a critical winter due to the destruction of their energy infrastructures. The International Energy Agency is calling for urgent action to guarantee their energy security in the face of unprecedented challenges.
Ukraine and Moldova are facing a critical winter due to the destruction of their energy infrastructures. The International Energy Agency is calling for urgent action to guarantee their energy security in the face of unprecedented challenges.
Iran, a key player in the global energy sector, is facing growing tensions over its nuclear program. Teheran's declarations on the transparency of its activities raise crucial questions about the future of international negotiations and regional security.
Iran, a key player in the global energy sector, is facing growing tensions over its nuclear program. Teheran's declarations on the transparency of its activities raise crucial questions about the future of international negotiations and regional security.
The UK launches the Global Clean Power Alliance to help countries move away from fossil fuels and towards renewable energy. The initiative aims to strengthen climate diplomacy and support emerging economies in their energy transition.
The UK launches the Global Clean Power Alliance to help countries move away from fossil fuels and towards renewable energy. The initiative aims to strengthen climate diplomacy and support emerging economies in their energy transition.
Pertamina, the Indonesian oil company, is exploring supplies of Russian crude, raising hopes among refiners in Thailand and Japan. This dynamic could disrupt light crude prices in Southeast Asia, prompting increased vigilance.
Turkey strengthens its position in the energy market by signing a 10-year agreement with TotalEnergies for the import of liquefied natural gas. This initiative aims to diversify supplies and become a regional hub for Europe.
Turkey strengthens its position in the energy market by signing a 10-year agreement with TotalEnergies for the import of liquefied natural gas. This initiative aims to diversify supplies and become a regional hub for Europe.
The case between Rosneft and Shell over the sale of the latter's stake in the PCK Schwedt refinery illustrates the growing tensions in the European energy sector, exacerbated by the current geopolitical context and sanctions against Russia.
The case between Rosneft and Shell over the sale of the latter's stake in the PCK Schwedt refinery illustrates the growing tensions in the European energy sector, exacerbated by the current geopolitical context and sanctions against Russia.
The Great Sea Interconnector (GSI) is an ambitious project to link the power grids of Cyprus, Greece and the Middle East. This strategic cable could transform the region's energy security, while raising major geopolitical challenges.
The Great Sea Interconnector (GSI) is an ambitious project to link the power grids of Cyprus, Greece and the Middle East. This strategic cable could transform the region's energy security, while raising major geopolitical challenges.
Azerbaijan has positioned itself as a key player in the fight against climate change by launching the Climate Finance Action Fund at COP29. This initiative aims to mobilize resources for decarbonization and the global energy transition.
Central Asia, in search of new partnerships, is turning to Germany to develop trade and energy corridors. This dynamic, in the face of current geopolitical challenges, could transform the region into a key player on the international stage.
Central Asia, in search of new partnerships, is turning to Germany to develop trade and energy corridors. This dynamic, in the face of current geopolitical challenges, could transform the region into a key player on the international stage.
The debate over the taxation of Chinese electric cars is intensifying, with growing tensions between the European Union and China. Key players are calling for a negotiated solution to avoid a trade war harmful to both economies.
The debate over the taxation of Chinese electric cars is intensifying, with growing tensions between the European Union and China. Key players are calling for a negotiated solution to avoid a trade war harmful to both economies.
Recent U.S. tariff increases on Chinese imports, affecting a variety of sectors, are raising concerns about their economic impact. This article explores the implications of these decisions on trade relations and the global economy.
Recent U.S. tariff increases on Chinese imports, affecting a variety of sectors, are raising concerns about their economic impact. This article explores the implications of these decisions on trade relations and the global economy.
Regulation of liquefied natural gas (LNG) export projects in the USA is evolving rapidly, with major implications for the Rio Grande and Texas LNG projects. Recent court rulings highlight the tensions between economic development and environmental concerns.
Indian Oil Corporation has signed a major agreement with ADNOC for 1 million tonnes of LNG per year for 15 years. This commitment strengthens the energy relationship between India and the Emirates, while meeting the growing demand for LNG in India.
Indian Oil Corporation has signed a major agreement with ADNOC for 1 million tonnes of LNG per year for 15 years. This commitment strengthens the energy relationship between India and the Emirates, while meeting the growing demand for LNG in India.
Apollo Global Management has signed a $1 billion agreement with BP to acquire a stake in the Trans Adriatic Pipeline. This strategic investment aims to strengthen Europe's energy security while diversifying sources of supply.
Apollo Global Management has signed a $1 billion agreement with BP to acquire a stake in the Trans Adriatic Pipeline. This strategic investment aims to strengthen Europe's energy security while diversifying sources of supply.
Germany is stepping up its efforts to secure raw materials in Central Asia, in particular with Uzbekistan, against a complex geopolitical backdrop. This strategy aims to diversify its energy supplies while addressing issues of human rights and transparency.
Germany is stepping up its efforts to secure raw materials in Central Asia, in particular with Uzbekistan, against a complex geopolitical backdrop. This strategy aims to diversify its energy supplies while addressing issues of human rights and transparency.
Europe's energy crisis, exacerbated by geopolitical tensions, is prompting Greece to ask the EU for reforms. Prime Minister Mitsotakis proposes measures to stabilize prices and strengthen energy security.
The towing of the MV Sounion oil tanker in the Red Sea has raised major concerns about the environment and maritime safety. The geopolitical tensions exacerbated by this crisis highlight the urgent need for international cooperation to prevent future disasters.
The towing of the MV Sounion oil tanker in the Red Sea has raised major concerns about the environment and maritime safety. The geopolitical tensions exacerbated by this crisis highlight the urgent need for international cooperation to prevent future disasters.
Recent US sanctions against Venezuelan officials aim to weaken support for Maduro's regime, while raising questions about the long-term impact on the country's oil sector and economic stability.
Recent US sanctions against Venezuelan officials aim to weaken support for Maduro's regime, while raising questions about the long-term impact on the country's oil sector and economic stability.
Saudi Arabia plans to move from a Limited Quantities Agreement to a Full Safeguards Agreement with the IAEA by the end of 2024, marking a turning point in its nuclear policy and responding to international concerns about non-proliferation.
Saudi Arabia plans to move from a Limited Quantities Agreement to a Full Safeguards Agreement with the IAEA by the end of 2024, marking a turning point in its nuclear policy and responding to international concerns about non-proliferation.

Advertising