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President congratulates Yemeni people on national days
[20 September 2018]
Revolution Leader calls on Yemeni people to back fronts
[20 September 2018]
FM congratulates Maltese counterpart on National Day
[20 September 2018]
Capital Mayor inspects final preparations to organize ceremony to celebrate 4th anniversary of 21 September Revolution
[20 September 2018]
Taiz governor stresses on importance of developing water corporation's provided services
[20 September 2018]
  Saudi Aggression War against Yemen
Thousands of Yemeni people in Sanaa rally to mark fourth anniversary September 21 revolution
[20 September 2018]
Army kills dozens of Saudi-paid mercenaries in western coast, destroys theirs 3 troops carriers
[20 September 2018]
Army kills 5 Saudi-paid mercenaries in Mareb
[20 September 2018]
Army launches ballistic missile on Saudi Moustahdath camp Jizan
[20 September 2018]
Army destroys 2 Saudi-led military vehicles in Saudi border provinces: Report
[19 September 2018]
Reports: 21 civilizes killed in Saudi airstrikes on provinces over last 24 hours
[17 September 2018]
Report: Dozens of Saudi-paid mercenaries, invaders killed in military attacks
[16 September 2018]
Army inflicts on Saudi army, US-backed mercenaries heavy losses over 24 past hours : Report
[15 September 2018]
16 civilians killed in US-Saudi aggression crimes over 24 past hours
[15 September 2018]
Al-Shaab team wins over Al-Arouba, returns to the top of capital Sanaa Junior championship
[14 September 2018]
FM asks Russia to stop illegal actions on Yemen's embassy in Moscow
[18 September 2018]
FM congratulates Chilean counterpart on National Day
[18 September 2018]
President discusses with UN envoy humanitarian situation in Yemen affected by Saudi-led attack
[18 September 2018]
Social Affairs Ministry, UNICEF discuss enhancing cooperation to protect children
[17 September 2018]
Florence cyclone causes torrents in east-south of U.S.
[17 September 2018]
Yemen's oil revenues decline in 2014

SANA'A, Nov.03(Saba)- Yemen’s revenues from oil exports decreased to $ 1.2 billion during (January - August 2014), with a decrease of $ 600 million compared with the same period in 2013.

An official report issued by the Central Bank of Yemen attributed the decline to the disruption of production due the continuation of sabotage attacks on pipelines in Marib province.

The pipeline attacks led to a decline in the government’s share of the export amount to 11 million barrels during the past eight months of 2014, with a decrease estimated at over five million barrels from the same period of 2013.

The attacks also caused a decline in the production amounts allocated to domestic consumption to 13.6 million barrels during the same period, with a decline amounted to 3.3 million barrels from the same period in 2013.

According to the report, the government has resorted to import large quantities of oil derivatives from abroad to meet the needs in the domestic market with over $ 1.565 billion during the past eight months of this year, with an increase of $ 113 million from the same period last year.

Aden Refinery Company handles the import process under the guidance of the government, while the CBY shall cover the import bill from the country's foreign exchange reserves.

  more of (Economy)
UPDATED ON : Thu, 20 Sep 2018 21:14:12 +0300