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Yemen oil revenue in 2009 drops to $ 3.5 bln
Wednesday 17/February/2010

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sana'a/hadhranaut.info/sabanews.net

حجم الخط

The government overall revenues from crud oil exports have declined to $3.519 billion in 2009 compared with the $5.896 billion in 2008.
According to a report issued by the Central Bank of Yemen, the government share of the crud oil exports reached last year $1.959 billion comparing to $4.396 billion, which is the value of crud oil exported in 2008.The report also showed that the value of the domestic oil consumption in 2009 was $ 1.650 billion, while it was $1.5 billion in 2008.The report attributed the oil revenues decline to two reasons: the international reduction in the oil prices last year and the decrease of the government oil share from 56,800,000 barrels last year, whereas it was 69,430,000 barrels in 2008.