HSA pledges $1.2m to UN drive to avert tanker oil spill

HSA pledges $1.2m to UN drive to avert tanker oil spill

Energy, Uncategorized















Dubai / Gulf Time

HSA Group, Yemen’s largest private company, has announced a $1.2 million donation to support the United Nations’ (UN) efforts to avert a major humanitarian, economic, and ecological disaster in the Red Sea. The donation is the first committed by a private sector organisation.

The FSO SAFER oil tanker is one of the world’s largest shipping vessels. Carrying over one million barrels of crude oil, FSO SAFER has been moored off Yemen’s Red Sea coast since 2015. The vessel has recently deteriorated beyond repair and could disintegrate or explode at any time, with its oil cargo spilling into the Red Sea.

HSA Group’s contribution will go towards the UN’s $80 million target to fund an emergency operation to remove the tanker’s oil cargo and safely transfer it to another vessel. To date, the UN has received $64 million in pledges from over a dozen governments. Less than $16 million is now required to help ensure the critical mission can occur.

According to the UN, failure to reach the targeted amount could likely result in a major oil spill in the Red Sea.

A spill on the