U.N. buys tanker to store oil from decaying vessel off Yemen

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U.N. buys tanker to store oil from decaying vessel off Yemen
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The United Nations has purchased a large tanker to store about 1.1 million barrels of oil that will be transferred from a decaying vessel off Yemen's coast in a bid to avert an environmental disaster, officials said on Thursday.

So far pledges of $95 million have been made, mostly by governments - of which $75 million has been paid. Even a public crowdfunding drive was started last year, which Gressly hopes can help provide more money to "finish the job."

"We hope, if all things go according to plan, that the operation of the ship-to-ship transfer would actually commence in early May," Steiner told reporters. The Safer supertanker was being used as a floating storage and offloading facility and is moored off Yemen's Red Sea oil terminal of Ras Issa. Production, offloading and maintenance operations were suspended in 2015 because of the war in Yemen.

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