Final funding for Yemen's safer oil tanker operation sought at UN meeting

 


On Thursday, the UN hopes to gather the last $29 million required to begin extracting 1.1 million barrels of oil from a decrepit ship anchored off the coast of war-torn Yemen and prevent an environmental catastrophe.

The Safer tanker might spill four times as much oil as the Exxon Valdez catastrophe off Alaska in 1989, according to UN authorities, putting the Red Sea and Yemen's coastline at risk.

A huge ship, whose price has increased because of the conflict in Ukraine, is part of a $129 million UN plan to discharge the oil. Governments, individual donations, and crowdsourcing have contributed almost $99 million.

The UN said it expects to raise the last $29 million during a pledge event on Thursday that is being co-hosted by the UK and the Netherlands.

The UN purchased a tanker, the Nautica, in March, and it departed from China in early April.

Because it is unclear who owns the oil, the operation cannot be funded by the sale of the oil, according to the UN.

In 2015, War stopped doing Safer maintenance. The UN has issued a warning that it is in danger of bursting because its structural integrity has considerably deteriorated.

Since the Houthi group, which is allied with Iran, drove the government out of the nation's capital Sanaa in late 2014, Yemen has been embroiled in strife.

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