Yemen News Agency (SABA)
Home      Local   International   Saudi Aggression War against Yemen   About Yemen   Civil Society   Economy   About Saba  
Search | Advance Search
President meets with a number of women leaders in Sanaa
[18 March 2018]
President stresses on coordinating int’l orgs’ efforts in Yemen
[17 March 2018]
Arrest two tons of drugs
[11 March 2018]
Presidential law approves Arab Anti-corruption Convention
[10 March 2018]
President calls for normalizing situations in Bani al-Harith district
[07 March 2018]
  Saudi Aggression War against Yemen
Dozens of mercenaries killed in Marib
[20 March 2018]
22 Saudi-led coalition air strikes hit five provinces
[18 March 2018]
Army's artillery and rocket targets Saudi mercenaries in Jawf
[18 March 2018]
Army attacks Saudi-paid mercenaries’ positions in Taiz
[18 March 2018]
Aggression coalition's jets wage 28 raids on 3 provinces, Jizan
[18 March 2018]
Army carries heavy losses in enemy ranks, it's mercenaries
[18 March 2018]
Saudi-US aggression war jet launch 26 raids on number of Yemeni provinces
[17 March 2018]
Report: Dozens of Saudi soldiers, mercenaries killed in military operations over past 48 hours
[12 March 2018]
8 civilians killed, 13 injured in Saudi airstrikes on Yemeni provinces
[09 March 2018]
Report: Army attacks against Saudi troops over 24 hours
[22 February 2018]
Official warns against using Yemen as int’l conflict field
[17 March 2018]
Yemen's FM meets with new UN envoy
[13 March 2018]
WHO Cargo plane arrives to Sana'a airport
[12 March 2018]
FM meets Resident Representative of ICRC
[12 March 2018]
FM discusses UNICEF's role in mitigating aggression effects on Yemen
[11 March 2018]
Yemen loses $ 1 bln oil revenues in 2014

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.

  more of (Economy)
UPDATED ON : Tue, 20 Mar 2018 02:05:54 +0300