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  Local
Parliament discusses report on oil derivatives crisis
[12 December 2018]
Video shows military graduates of new Recruits, officers of armed forces
[12 December 2018]
Public Health minister kicks off campaign to combat Cholera in Hodeidah
[12 December 2018]
Branch of COCA in Saada resumes its works
[11 December 2018]
Landmark for Shahra Bridge inaugurated in capital Sanaa
[11 December 2018]
 
  Saudi Aggression War against Yemen
Army foils Saudi-paid mercenaries attacks in all fronts, killed dozens
[12 December 2018]
Saudi-led aggression fighter jets continue in targeting civil areas over 24 hours: Army Spokesman
[12 December 2018]
52 saudi-led airstrikes hit provinces over 48 hours in coincidence with peace talks: army's Spokesman
[12 December 2018]
Footage shows army foiling saudi-led mercenaries coalition-infiltration in Nihem
[12 December 2018]
Army foils saudi-led mercenaries ’ infiltration in Hodeidah
[12 December 2018]
 
  Reports
Coalitions’ attacks kill woman, injure other woman, child in Hodeidah, Marib, Taiz : Report
[12 December 2018]
Saudi-led aggression coalition continues attacks on civilians in several provinces: Report
[11 December 2018]
Army inflicts on saudi-led mercenaries heavy losses over past hours : Report
[11 December 2018]
Woman, chilled wounded in aggression Coalition forces attacks on residential areas in provinces
[10 December 2018]
Woman killed, others civilans injured in saudi-led coalition's bombardment on Hodeida, Saada
[07 December 2018]
 
  International
We want to avoid Britain leaving the EU without an agreement : Ireland
[12 December 2018]
Netanyahu boasts of settlements, deceives international community : Palestinian Foreign Minister
[12 December 2018]
3 people killed, 12 others injured in an attack in Strasbourg's French
[12 December 2018]
Canada releases Huawei's CFO to pay bail
[12 December 2018]
Israeli occupation forces arrest 16 Palestinians in West Bank
[12 December 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 : Wed, 12 Dec 2018 20:44:55 +0300