Middle East Economic Survey

VOL. L

No 30

23-July-2007

yemen

Yemen Oil Production To Increase To 500,000 B/D By 2009, Says Bahah

Yemeni Oil Minister Khalid Bahah recently announced that Yemens crude oil production was expected to reach 500,000 b/d by 2009, with extraction capacity increasing from 30% to 70% and income from sale of natural gas reaching $1-2bn per year, according to the Yemen Times of 16 July. The current gradual decline in oil production is the result of Yemens reliance on two main...