Middle East Economic Survey

VOL. LIII

No 10

8-March-2010

yemen

Yemens Oil Export Revenues Continue To Decline, Says Central Bank

Revenues from Yemeni crude oil exports significantly dropped during 2009 to around $1.96bn (at an average price of $63.5/B), down from $4.4bn (at average price of $98.9/B) in 2008 a decrease of 30.6% in quantity and 55.4% in value, the Central Bank of Yemen (CBY) said in a recent report. Total exports amounted at 30.9mn barrels in 2009 compared to 44.5mn barrels in...