We cannot celebrate until the oil is safely stored in the replacement vessel and the Safer is towed to a yard for green recycling. Aside from the ongoing risk of an explosion or spill, the project is reliant on the continued goodwill and commitment from the parties to the Yemen conflict.
A more permanent solution for what to will happen to the oil after it has been transferred to the Nautica is also a critical issue. The UN continues to work tirelessly to find a solution.
Last but not least, despite the generosity of donors to date, the project remains underfunded.
$114 million has so far been mobilized from generous Member States, the private sector and the global public, as well as additional internal bridging finance, which must be reimbursed.
With this funding, the UN has the resources to carry out phase 1 of the operation. A million barrels of oil will be transferred from the Safer to the replacement vessel, preventing the worst-case humanitarian, environmental and economic catastrophe.