Yemen News Agency (SABA)
Home      Local   International   Saudi Aggression War against Yemen   About Yemen   Civil Society   Economy   About Saba  
Search | Advance Search
 
  Local
Ansarullah Leader: We welcomed UN supervision of Hodeidah port, but they are liars
[20 June 2018]
President stresses on doubling efforts to face aggression escalation
[20 June 2018]
Socotra Governor visits Yemen’s Western Coast Front
[18 June 2018]
Deputy of Sanaa province paid a visit to Nehm front
[18 June 2018]
Health Ministry: humanitarian disaster will result in closure of Hodeidah port
[17 June 2018]
 
  Saudi Aggression War against Yemen
Dozens of Saudi-paid mercenaries killed, injured in Bayda
[20 June 2018]
Army’s Air force launches drone’s strikes on Saudi troops in Western coast
[20 June 2018]
Army fires ballistic missile toward Western coast
[20 June 2018]
Army fires ballistic missile towards Asir
[19 June 2018]
6 civilians killed in Saudi-led airstrike on Hodeidah
[19 June 2018]
 
  Reports
6 citizens killed, 2 injured in Saudi bombing over 24 hours
[20 June 2018]
Report: Army steps up missile, ground attacks against Saudi army, mercenaries several fronts
[20 June 2018]
Report: 6 citizens killed in 61 Saudi airstrikes, ground shelling on several provinces
[20 June 2018]
Yemen army attacks Saudi troops in Western coast
[20 June 2018]
Army launches attacks on coalition forces over past 24 hours: Report
[19 June 2018]
 
  International
UN Yemen envoy leaves Sanaa
[19 June 2018]
HR ministry condemns coalition arrest of 2 activists
[19 June 2018]
Foreign Minister congratulates his Icelandic counterpart on National Day
[18 June 2018]
President meets with UN Special Envoy to Yemen
[18 June 2018]
Prime Minister meets UN envoy, reviews horizon of political solution
[18 June 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.

BA
Saba
  more of (Economy)
UPDATED ON : Wed, 20 Jun 2018 20:40:37 +0300