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President discusses judiciary situation
[22 November 2017]
President meets Minister of Youth and Sports
[22 November 2017]
Health Ministry, ICRC sign two MoUs
[19 November 2017]
President stresses need to activate local authorities in provinces, districts
[19 November 2017]
President, PM discuss latest developments at internal, external levels
[19 November 2017]
 
  Saudi Aggression War against Yemen
Dozens of Saudi soldiers in Jizan
[23 November 2017]
Citizen killed in Saudi bomb in Jawf
[23 November 2017]
Army breaks infiltration of Saudi-paid mercenaries in Nehm
[23 November 2017]
Saudi-paid mercenaries killed in Nehm
[23 November 2017]
Army raids sites of Saudi-paid mercenaries in Taiz
[23 November 2017]
 
  Reports
Feature: Untold story on Yemen's tourism, green, peaceful city, safe home for all IDPs■
[12 November 2017]
Report: 49 Yemeni civilians killed in 212 Saudi aggression airstrikes in six days
[05 April 2017]
Roundup: 1107 Saudi airstrikes kill 135 Yemeni civilians in March
[29 March 2017]
Roundup: Saudi kills 15 Yemeni civilians in 112 airstrikes on Yemen in 3 days
[25 March 2017]
Report: Saudi kills 68 in 301 airstrikes on Yemen in 7 days
[23 March 2017]
 
  International
FM meets WFP official
[03 October 2017]
FM meets Russian charge d'affaires
[03 October 2017]
Yemen strongly condemns Las Vegas terrorist attack
[03 October 2017]
Water minister meets visiting EU delegation
[17 September 2017]
President congratulates his Tajik counterpart on National Day
[08 September 2017]
  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, 23 Nov 2017 18:19:01 +0300