Middle East Economic Survey


No 18



Yemens Oil Revenue Rises To $2.2Bn In 2004

The Yemeni government earned $2.2bn from the export of its share of oil production in 2004, compared to $1.8bn in 2003, according to a report issued by the Central Bank of Yemen (CBY). Revenue from oil exports in January and February 2005 reached $381mn, compared to $275mn in the corresponding period of 2004. The CBY report attributed the increase in oil revenue in the first two months of 2005...