Middle East Economic Survey
VOL. LII
No 20
18-May-2009
yemen
Declining Oil Production And Price Challenge Yemens Economy In The Medium Term
Yemens oil production has been declining since 2000. Current production capacity stands at around 300,000 b/d and the countrys natural resources could be depleted within the next 10-12 years unless significant new discoveries are made (MEES, 1 December 2008). Oil accounts for roughly two thirds of public revenue and 90% of export receipts. As a result, Yemens...
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