Yemen oil revenues on the rise

17 August 2010

According to the central bank of Yemen, oil revenues for the year have climbed to $1.132bn from $483.24m for the same period of 2009, Yemen Observer has reported. The government share of January-May exports amounted to 14.46 million barrels at an average sales price of $78.28 per barrel. This compared with 10.16 million barrels at an average price of $47.56 per barrel for the first five months of 2009. The country's oil sector accounts for 92% of exports and 30% of GDP.

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