Berliner Boersenzeitung - UN makes 'major breakthrough' to prevent Yemen oil spill disaster

EUR -
AED 4.09844
AFN 76.83586
ALL 99.089905
AMD 432.002035
ANG 2.007856
AOA 1035.248441
ARS 1074.344472
AUD 1.638661
AWG 2.008525
AZN 1.893024
BAM 1.952645
BBD 2.249466
BDT 133.1349
BGN 1.952645
BHD 0.419822
BIF 3229.681956
BMD 1.115847
BND 1.439574
BOB 7.698562
BRL 6.154006
BSD 1.1141
BTN 93.116256
BWP 14.727206
BYN 3.646009
BYR 21870.604702
BZD 2.245672
CAD 1.513875
CDF 3203.596944
CHF 0.949519
CLF 0.037544
CLP 1035.955103
CNY 7.868838
CNH 7.863816
COP 4635.206863
CRC 578.066046
CUC 1.115847
CUP 29.56995
CVE 110.087137
CZK 25.069965
DJF 198.389472
DKK 7.458914
DOP 66.871958
DZD 147.446777
EGP 54.143139
ERN 16.737708
ETB 129.282025
FJD 2.455759
FKP 0.849783
GBP 0.838319
GEL 3.04616
GGP 0.849783
GHS 17.514702
GIP 0.849783
GMD 76.439037
GNF 9625.448619
GTQ 8.612086
GYD 233.06345
HKD 8.693621
HNL 27.636349
HRK 7.586657
HTG 147.002495
HUF 393.006904
IDR 16917.359076
ILS 4.220039
IMP 0.849783
INR 93.159124
IQD 1459.442049
IRR 46968.795211
ISK 152.101006
JEP 0.849783
JMD 175.037201
JOD 0.79058
JPY 160.821451
KES 143.711755
KGS 93.997292
KHR 4524.689674
KMF 492.479286
KPW 1004.261828
KRW 1487.446408
KWD 0.340411
KYD 0.9284
KZT 534.147004
LAK 24601.252923
LBP 99767.610207
LKR 339.910822
LRD 222.82
LSL 19.558301
LTL 3.294807
LVL 0.674965
LYD 5.290452
MAD 10.802747
MDL 19.440591
MGA 5038.858955
MKD 61.515612
MMK 3624.22811
MNT 3791.648663
MOP 8.942951
MRU 44.274468
MUR 51.195339
MVR 17.138946
MWK 1931.679078
MXN 21.635702
MYR 4.687244
MZN 71.247233
NAD 19.558301
NGN 1802.662425
NIO 41.003752
NOK 11.702003
NPR 148.98629
NZD 1.789722
OMR 0.429057
PAB 1.1141
PEN 4.175853
PGK 4.360954
PHP 62.080156
PKR 309.55267
PLN 4.269415
PYG 8691.956818
QAR 4.061738
RON 4.989403
RSD 116.898133
RUB 103.401129
RWF 1501.873494
SAR 4.187163
SBD 9.269272
SCR 14.55748
SDG 671.196271
SEK 11.351558
SGD 1.440826
SHP 0.849783
SLE 25.494098
SLL 23398.751675
SOS 636.67136
SRD 33.704207
STD 23095.783712
SVC 9.74825
SYP 2803.599441
SZL 19.565389
THB 36.811555
TJS 11.842866
TMT 3.905465
TND 3.375746
TOP 2.613427
TRY 38.108792
TTD 7.577757
TWD 35.711596
TZS 3041.485868
UAH 46.048502
UGX 4127.331666
USD 1.115847
UYU 46.035622
UZS 14177.094741
VEF 4042215.025119
VES 41.104208
VND 27455.419831
VUV 132.475619
WST 3.121541
XAF 654.898911
XAG 0.035916
XAU 0.000426
XCD 3.015633
XDR 0.825666
XOF 654.898911
XPF 119.331742
YER 279.324446
ZAR 19.421431
ZMK 10043.986022
ZMW 29.495346
ZWL 359.302336
  • JRI

    -0.0800

    13.32

    -0.6%

  • NGG

    0.7200

    69.55

    +1.04%

  • BCC

    -7.1900

    137.5

    -5.23%

  • SCS

    -0.3900

    12.92

    -3.02%

  • AZN

    -0.5200

    78.38

    -0.66%

  • GSK

    -0.8200

    40.8

    -2.01%

  • BTI

    -0.1300

    37.44

    -0.35%

  • CMSC

    0.0300

    25.15

    +0.12%

  • RBGPF

    58.8300

    58.83

    +100%

  • CMSD

    0.0100

    25.02

    +0.04%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • BCE

    -0.1500

    35.04

    -0.43%

  • VOD

    -0.0500

    10.01

    -0.5%

  • RELX

    -0.1400

    47.99

    -0.29%

  • RIO

    -1.6100

    63.57

    -2.53%

  • BP

    -0.1200

    32.64

    -0.37%

UN makes 'major breakthrough' to prevent Yemen oil spill disaster
UN makes 'major breakthrough' to prevent Yemen oil spill disaster / Photo: Handout - Satellite image ©2020 Maxar Technologies/AFP/File

UN makes 'major breakthrough' to prevent Yemen oil spill disaster

The United Nations has bought a ship to remove oil and avoid a potentially catastrophic spill from a tanker decaying for years off the coast of war-ravaged Yemen, officials said Thursday.

Text size:

In an unusual step for a UN agency, the UN Development Program said it signed a contract to purchase a crude carrier from major tanker company Euronav that will head to Yemen to remove the oil from the beleaguered FSO Safer.

The 47-year-old ship has not been serviced since Yemen's devastating civil war broke out in 2015 and was left abandoned off the rebel-held port of Hodeida, a critical gateway for shipments into the country heavily dependent on emergency foreign aid.

UNDP chief Achim Steiner called the deal a "major breakthrough."

The effort will "avoid the risk of an environmental and humanitarian disaster on a massive scale," he told reporters at the UN headquarters.

Steiner said the vessel would sail within the next month after routine maintenance underway in China.

"We hope if all things go according to plan, that the operation of the ship-to-ship transfer would actually commence in early May," he said.

UN officials have voiced fears that the ship would crumble, unleashing an oil spill that would severely impair foreign aid and cost some $20 billion to clean up.

The Safer contains 1.1 million barrels of oil -- four times as much as that spilled in the 1989 Exxon Valdez disaster, one of the world's worst ecological catastrophes, according to the UN.

An ecological disaster could also clog the Bab al-Mandab strait between Africa and the Arabian peninsula, taking a major toll on the global economy by holding up the Suez Canal.

- 'No choice' -

The United Nations had been searching for years for a solution and appealed for a ship donation or a lease.

It finally decided to buy the ship, described as the only one available on the market, after failing to find another option, with prices in the shipping industry spiking in the past year due to Russia's invasion of Ukraine.

"We had no choice, frankly, but to buy a vessel," David Gressly, who coordinates UN humanitarian relief in Yemen, said by video-link from Aden.

"The fact that we have gotten to this step is already bringing a sense of relief here in Yemen," he said.

The salvage operation is estimated to cost $129 million of which $75 million has been received and another $20 million has been pledged, according to the United Nations.

Steiner warned that the United Nations could still suspend the operation if it does not find the remaining funds.

"I do have to say it does surprise me that I have to sit in front of you here today," he said, "still begging for these funds."

He described the plan as carrying "very significant risks" and going beyond the usual activities of the UNDP.

He said that the United Nations was also still figuring out where the oil would go.

"Let me be very clear -- this is a risky operation and things could go wrong," Steiner said.

"We have done everything we believe we can to mitigate those risks. But at the end of the day, until that oil is taken off, we are operating in an extremely complex operating environment."

Yemen has been wracked by a devastating war since 2014 that has set off one of the world's worst humanitarian crises.

Iranian-backed Huthi rebels have swept much of the country, battling an internationally recognized government supported by a deadly military campaign led by Saudi Arabia.

Gressly said that the two sides dispute who owns the oil, which has complicated the task of getting it out.

"In the end, it seemed more expedient in terms of time to get the oil out and then we can deal with the issue of selling the oil, which is still very desirable, down the road," he said.

(T.Burkhard--BBZ)