Business | Oil & Gas

Yemen oil revenues hit $381m in June

The increase in revenues is attributed to the increase of government's share in the total monthly amount of oil barrels

  • By Saeed Al Batati, Correspondent
  • Published: 10:01 August 22, 2012
  • Gulf News

Sana'a: Yemen's oil revenues rose to $381m in June this year compared with $185m in the previous month, government announced on Tuesday.

The increase in revenues is attributed to the increase of government's share in the total monthly amount of oil barrels which hit 3.85m barrels in June in comparison with 1.7m barrels in May.

The government has recently deployed military troops in the lawless province of Mareb to protect gas and oil pipelines from saboteurs who frequently target the pipelines to get concessions from government.

The country production of fuel was nearly paralysed in 2011 when armed men launched a wave of attacks on the pipelines that take crudes from Mareb to the Ras Isa export terminal on the Red Sea coast.   

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