Middle East Economic Survey

VOL. LII

No 38

21-Sep-2009

yemen

Yemens Revenue From Oil Exports Drops By Nearly 75%

Revenue from Yemeni crude oil exports fell sharply in the first seven months of 2009 to $803.4mn, from $3.12bn in the same period of 2008 a decrease of 45.1% in volume and 74.3% in value, the Central Bank of Yemen said in a recent report. The record drop in revenues coincided with a fall in the governments share in oil production between January and July, to 15mn barrels from 27.3mn...