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...