YEMEN
Yemen Oil Revenues Take Nosedive
Yemen’s oil revenues during the first four months of the year plummeted by more than 25% relative to the corresponding period last year, the country’s state-owned SABA news agency said quoting a report by the Central Bank of Yemen (CBY).
Receipts for January-April 2013 were $910mn – down $322mn from $1.32bn in the four months ending April 2012. The CBY largely blamed the drop in revenue to a...
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