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  Local
President congratulates Yemeni people on National Day
[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
Security forces release 15 coalition collaborators in Hodeidah
[21 September 2018]
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]
 
  Reports
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]
 
  International
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]
  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 : Fri, 21 Sep 2018 00:39:01 +0300