Middle East Economic Survey

VOL. LIII

No 20

17-May-2010

YEMEN

Yemens Oil Export Revenue Rises By 161% In First Quarter

The value of Yemeni oil exports in the first three months of 2010 rose by 161% to $665.31mn from $254.76mn in the corresponding period of 2009, according to the latest report from the Central Bank of Yemen. Crude oil exports in 1Q10 amounted to 8.57mn barrels (with an average oil price of $77.63/B), compared with exports of 5.91mn barrels (with an average oil price of $43.10/B),...