The FSO Safer, moored off Yemen's coast, holds more than a million barrels of oil.
UN Development Programme Administrator Achim Steiner describedHe added that it was a "a prime example of the importance of prevention".
"Aside from a possible humanitarian and environmental catastrophe, funds spent now will prevent a disaster that could cost billions in the future." The Safer was constructed as a supertanker in 1976 and converted later into a floating storage and offloading facility for oil. It is anchored near the Ras Isa oil terminal, which is controlled by Yemen's rebel Houthi movement.
Its structural integrity has deteriorated significantly since maintenance operations were suspended in 2015, when the Houthis seized large parts of Yemen and a Saudi-led coalition intervened in support of the Yemeni government. The ensuing war has reportedly killed more than 150,000 people and left 21 million others in need of aid., in Prince William Sound, Alaska.
The UN says a major spill in the Red Sea would destroy coral reefs, mangroves and other sea life, expose millions of people to highly polluted air, devastate fishing communities, force nearby ports to close and disrupt shipping through the Suez Canal.
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