Rescue of oil tanker in Yemen still not fully funded, regrets UN

The United Nations is short of $24 million to fund the rescue of an abandoned oil tanker off the coast of Yemen that risks causing an oil spill in the Red Sea. Despite this, the operation is expected to start before the end of May thanks to existing donations and internal UN funding mechanisms.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The United Nations is still short of nearly $24 million to fund the rescue of an abandoned oil tanker off the coast of war-torn Yemen, the UN said Thursday. It hopes to begin the operation to prevent an oil spill in the Red Sea by the end of May.

“It is urgent that this gap be closed to successfully carry out the operation,” Farhan Haq, deputy spokesman for the UN secretary-general, told reporters after a virtual donor conference hosted by the United Kingdom and the Netherlands.

In March, the UN announced that it had purchased a huge tanker to be able to transfer the equivalent of just over one million barrels of crude oil from the FSO Safer anchored off the strategic port of Hodeida (western Yemen), which experts say could break up, explode or catch fire at any moment. The supertanker Nautica is currently en route to the region.

Despite the lack of funds, “we still believe that the water operation can start before the end of the month,” Farhan Haq told AFP, noting that the UN has “internal funding mechanisms” to wait for additional donations. This unprecedented operation for the United Nations, whose cost has exploded, has been estimated at a total of 148 million dollars: 129 million for the rescue, plus 19 million for the second phase, which includes towing the Safer once it has been emptied and securing the Nautica.

With an additional 5.6 million pledged on Thursday, total donations now stand at 105.2 million, leaving a shortfall of 23.8 million for the rescue phase. “The justification for action is clear: 20 million dollars now could save 20 billion in potential costs later,” commented in a statement Achim Steiner, head of the United Nations Development Programme (UNDP), which is at the forefront of this issue, also emphasizing the “moral” justifications for sparing the region’s populations.

Built in 1976, the FSO Safer, which serves as a floating storage and offloading terminal, has not been maintained since 2015 as Yemen has been plunged into one of the world’s worst humanitarian crises due to the war between the 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.

In the event of an oil spill, the UN estimates the cost of clean-up alone at 20 billion dollars and highlights the potential catastrophic environmental, economic and humanitarian consequences. For example, 1.7 million people in Yemen depend on the fishing industry, which would be devastated, and several ports carrying food to the population may have to close. “We are on the verge of being able to respond to the Safer threat (…) But we can only breathe a sigh of relief when the job is done,” stressed David Gressly, UN coordinator for Yemen.

Berlin strengthens its cooperation with Abuja through funding aimed at supporting Nigeria’s energy diversification and consolidating its renewable infrastructure.
COP30 begins in Belém under uncertainty, as countries fail to agree on key discussion topics, highlighting deep divisions over climate finance and the global energy transition.
The United States secures a tungsten joint venture in Kazakhstan and mining protocols in Uzbekistan, with financing envisaged from the Export-Import Bank of the United States and shipment routed via the Trans-Caspian corridor.
The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.
Meeting in Canada, G7 energy ministers unveiled a series of projects aimed at securing supply chains for critical minerals, in response to China’s restrictions on rare earth exports.
Donald Trump announces an immediate reduction in tariffs on Chinese fentanyl-related imports from 20% to 10%, potentially impacting energy flows between Washington and Beijing.
Amman plans to launch tenders for 400 megawatts of solar, wind and storage projects, as part of a strengthened bilateral energy cooperation with Germany.
An emergency meeting led by the European Commission gathers key sectors affected by China's export restrictions on rare earths, ahead of a briefing at the European Parliament.
Manila plans to expand gas and renewable energy production to meet a 6.6% increase in electricity demand over the next two years.
Ottawa and London increased bilateral exchanges to structure strategic cooperation on nuclear energy and critical minerals supply chains, as part of Canada’s G7 presidency.
Donald Trump says he secured Narendra Modi’s commitment to end Russian oil imports, adding political pressure to India-Russia trade relations.
Under intense diplomatic pressure from Washington, member states of the International Maritime Organization agreed to postpone by one year the adoption of a carbon pricing mechanism for global maritime transport.
Washington confirms it has mandated the CIA to carry out secret actions against Nicolas Maduro’s government, escalating tensions between the United States and Venezuela amid geostrategic and energy stakes.
Two European Parliament committees propose to advance the full halt of Russian hydrocarbon imports to 2026 and 2027, including oil, gas, and LNG, strengthening the European Union’s geopolitical position.
The COP30 conference hosted in the Amazon by Brazil faces low participation from global leaders, amid geopolitical tensions and major logistical challenges.
The United States has granted Trinidad and Tobago a special licence to resume negotiations with Venezuela on the Dragon gas field, partially lifting restrictions imposed on the Venezuelan energy sector.
Ambassadors of European Union member states have approved the transmission of a legislative proposal to phase out Russian fossil fuel imports by January 2028 to the Council of Ministers.
The State Duma has approved Russia’s formal withdrawal from a treaty signed with the United States on the elimination of military-grade plutonium, ending over two decades of strategic nuclear cooperation.
Polish Prime Minister Donald Tusk said it was not in Poland’s interest to extradite to Germany a Ukrainian citizen suspected of taking part in the explosions that damaged the Nord Stream gas pipelines in 2022.
Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.