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  Local
PM welcomes any French role to end humanitarian tragedy in Yemen
[19 July 2018]
Sammad-2 combat drone launches its first operations by shelling Aramco refinery
[18 July 2018]
Political Council awards Martyr Ouideen medal of courage
[18 July 2018]
Leader of Yemen's Revolution tells Le Figaro: Those who demand Yemenis to withdraw from Hodeidah as if asking French to withdraw from Paris
[18 July 2018]
Dhamar tribesmen mobilize to support army in western coast
[17 July 2018]
 
  Saudi Aggression War against Yemen
Army carries out offensive on Saudi army mercenaries in Najran
[19 July 2018]
Missile force launches Badr-1 on Jizan airport
[19 July 2018]
Report: Army wages offensive against Saudi-paid mercenaries in all battle fonts
[19 July 2018]
Army carries out offensive on Saudi-paid mercenaries in western coast
[18 July 2018]
Yemeni drone airstrikes killed, injured dozens of Saudi-paid mercenaries in Jawf
[18 July 2018]
 
  Reports
Report: 12 civilians killed, injured in 3 provinces over 24 past hours
[18 July 2018]
Report: Yemeni drone airstrikes, military operations killed Saudi mercenaries over 24 hours
[18 July 2018]
Report: Yemen Army wages military operations on Saudi troops over 24 hours
[18 July 2018]
Report :14 Saudi-led coalition air strikes hit several provinces on Monday
[16 July 2018]
29 civilians killed, injured in Saudi-led attacks over 48 hours
[12 July 2018]
 
  International
President hopes for Russia's role in stopping aggression on Yemen
[19 July 2018]
Yemen, French envoy discuss outcomes of Paris humanitarian conference
[19 July 2018]
FM meets visiting French ambassador to Yemen
[18 July 2018]
Leader of Yemen's Revolution tells Le Figaro: Those who demand Yemenis to withdraw from Hodeidah as if asking French to withdraw from Paris
[18 July 2018]
Urgent: Yemeni Drone Air Force targets Saudi oil Aramco refinery in Riyadh
[18 July 2018]
  Economy
Oil price decline to lose Yemen $ 0.5 bln, official
[07/February/2015]

SANA'A, Feb. 07 (Saba) - The State budget will lose about $ 359 million this year if the oil price was $ 65 a barrel, and if it dropped to $ 50 per barrel, the total loss of Yemen will be nearly $ 504 million, Undersecretary of Finance Ministry Ahmed Hajar said.

The government's share of crude oil is estimated at 38 million barrels in 2015, Hajar explained during a seminar organized on Saturday by the Chamber of Commerce and Industry the capital Sana'a in cooperation with the Economic Observatory for Studies and Consultations on the effects of lower oil prices on the Yemeni economy and the government budget.

The total oil production is expected to reach 169 thousand barrels per day and the natural gas production to 167 thousand barrels a day, Hajar added.

Hassan al-Kaboos, head of the chamber of commerce and industry in the capital Sana'a, affirmed the importance of the seminar in clarifying the direct and indirect effects of lower oil prices on the national economy.

Al-Kaboos pointed to the significance of oil and its derivatives for industry, agriculture, commerce and all areas of the modern economy as an essential and assistant factor in all these activities.

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UPDATED ON : Thu, 19 Jul 2018 21:06:11 +0300