Yemen’s defense ministry has confirmed attack on its main oil export pipeline on Friday, 24 May 2013, resulting in the suspension of crude flow.

The ministry in a statement said that the export pipeline was blown up by subversive elements in Serwah in the central Maarib province.

The crude export pipeline has the capacity to supply about 125,000 barrels per day, reported Reuters.

The state heavily depends on its crude exports and finances up to 70% of the budget.

Since 2011, the pipeline has been a target of frequent bombing.

It was also observed that the attacks on oil pipelines and transmission towers in Maarib have been on the rise in the recent past.

Stability in Yemen is said to be critical for the US and its Gulf Arab allies as the country is strategically placed next to oil exporter Saudi Arabia and shipping lanes.