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  Local
UNICEF plane carrying vaccines arrives at Sanaa airport
[24 May 2018]
Football Tournament starts on Martyr President al-Sammad's Cup
[23 May 2018]
JMPs: Yemen unity will remain despite occupation
[23 May 2018]
President al-Mashat: New invaders' ambitions will never be realized in Yemen
[21 May 2018]
Ministry of Civil Service: Tuesday, May 22, official holiday
[21 May 2018]
 
  Saudi Aggression War against Yemen
2 vehicles of Saudi-paid mercenaries destroyed in Taiz
[24 May 2018]
Army, committees attack Saudi troop in Jizan, Najran
[24 May 2018]
Tens of Saudi-paid mercenaries killed in Taiz
[24 May 2018]
Artillery targets Saudi military groups in Asir
[24 May 2018]
Ballistic missile hits Jizan
[24 May 2018]
 
  Reports
Report: Army’s rocketry, artillery force targets Saudi troops over 24 hours
[24 May 2018]
Report: 6 civilians killed in 10 Saudi-led airstrikes over 24 hours
[24 May 2018]
Report: Army, committees fire Zilzal-2, kill13 Saudi soldiers, mercenaries in battlefronts over 24 hours
[23 May 2018]
Report: Woman injured in Saudi ground attacks, 18 airstrikes on Yemen over 24 hours
[23 May 2018]
Report: Fisherman killed in 27 aggression airstrikes over 24 hours
[22 May 2018]
 
  International
Yemeni parliament Speaker congratulates his Argentine counterpart on National Day
[24 May 2018]
Suffering of persons with disabilities in Yemen discussed
[24 May 2018]
GCAA appeals to UN, int'l orgs to lift ban on Sanaa Airport
[23 May 2018]
President al-Mashat congratulates Venezuela's Maduro for his 2nd win
[23 May 2018]
FM condoles his Cuban counterpart in air plane crash
[20 May 2018]
  Economy
Yemen loses $ 1 bln oil revenues in 2014
[21/February/2015]

SANA'A, Feb. 21 (Saba) – Yemen lost nearly one billion dollars of its oil revenues over the past year,2014, compared to 2013, according to an official report.

The report, which has been issued by the Central Bank of Yemen (CBY), explained that Yemen's revenues from the value of oil exports fell to about $ 1.6 billion in the last year, compared with more than $ 2.6 in 2013, by a dramatic decrease amounted to $ 989 million.

The reasons for the decline lie mainly in the weakness productivity of Yemen, the drop in global oil prices and the exposure of oil pipeline Marib-Hodeidah to several sabotage attacks.

The report revealed that Yemen's share of the exported oil amount has dropped to 17 million barrels last year, compared with more than 24 million barrels in 2013, with a decrease of seven million barrels.

The oil amount allocated for domestic consumption fell to 18.6 million barrels last year, compared to about 20.8 million barrels in 2013, with a decrease of 2.2 million barrels, the report added.

In view of that, the government resorted to cover the gap between the amount of production and domestic consumption by importing quantities of fuel from abroad.

The value of the imported fuel in last year amounted to more than $ 2.1 billion, which was covered by the CBY, according to the report.

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UPDATED ON : Thu, 24 May 2018 23:58:36 +0300