ID :
13989
Sun, 07/27/2008 - 13:17
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Shortlink :
http://m.oananews.org//node/13989
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Yemen oil revenues rise by 113 %
SANA'A, July 27 (Saba) - The Yemeni revenues of oil exports increased during the first half of 2008 to US $ 2.660 billion compared with US $ 1.246 billion in the same period in 2007.
An official report published by the Central Bank of Yemen (CBY) attributed this increase to the rise of produced oil in this period to 23.75 million barrels compared to 20 million barrels in the same period of 2007 in addition to the oil barrel's price rise to $ 112 while it was $ 62.
Worth mentioning, the Yemeni oil production currently ranges between 300,000-350,000 barrels per day. Yemen has 87 oil blocks, 26 exploratory blocks by 16 oil companies, 7 blocks are under the validation, 28 open blocks, 14 blocks are under the promotionand 12 productive blocks operating by 11 oil companies.
An official report published by the Central Bank of Yemen (CBY) attributed this increase to the rise of produced oil in this period to 23.75 million barrels compared to 20 million barrels in the same period of 2007 in addition to the oil barrel's price rise to $ 112 while it was $ 62.
Worth mentioning, the Yemeni oil production currently ranges between 300,000-350,000 barrels per day. Yemen has 87 oil blocks, 26 exploratory blocks by 16 oil companies, 7 blocks are under the validation, 28 open blocks, 14 blocks are under the promotionand 12 productive blocks operating by 11 oil companies.
