YEMEN

 

Yemen: 2014 Budget Looks To Patch Holes In Violence-Fueled Revenue Slump

 

Simmering violence through much of the country and growing secessionist movement in the south, coupled with frequent attacks on oil and gas pipelines, power lines and other infrastructure, have taken their toll on Yemen’s hydrocarbon sector, and with it Yemen’s chief revenue stream.

Crude exports, together with LNG accounted for 56% of the country’s revenue in 2013 – even...