Middle East Economic Survey

VOL. XLVIII

No 2

10-January-2005

YEMEN

Yemens 2005 Budget Forecasts 27,500 B/D Decline In National Oil Production

Yemens 2005 budget forecasts a 10mn barrel drop in total national production in the year, equivalent to around 27,500 b/d, Yemens Oil and Mineral Resources Minister Rashid Baraba said, according to an report inal-Hayat of 23 December. Yemens oil production has been falling in recent years due to production declines at the main Marib and Masila fields and...