Yemen is considering plans for a multi-billion dollar oil refining and petrochemical complex. Yemen is looking at development plans similar to those being undertaken by its neighbors, with investments from abroad.
The oil refinery, planned at an investment outlay of US$2.5 bln, and will have a capacity to produce 200,000 bpd. The government plans to take a lead role in the development, as it was unhappy with the length of time private companies had taken to develop smaller domestic refining projects.
The open sectors of oil investments are located at a safe distance from the volcano.