Sana'a: Yemen's oil revenues rose to $381m in June this year compared with $185m in the previous month, government announced on Tuesday.
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
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.
Business Editor's choice
-
Region’s ad spend gets on good times bandwagon
Early forecasts suggest a strong 7.4% increase in 2014 on top of 4.3% this year
-
Gender equality empowers region’s economic core
Tangible benefits will accrue to region’s GDP growth and bring deeper prosperity
-
Iran’s historic chance for a fresh start
Needs pragmatic economic policy to restore ties with partners
