ID :
127038
Thu, 06/10/2010 - 00:43
Auther :

YEMEN OIL REVENUES HIT $905 MILLION IN JAN-APRIL 2010



SANA'A, June 09 (Saba) - Yemen's oil revenues hit $905 million
during January - April of 2010, up from $365 million for the same
period in 2009.

A report issued by the Central Bank of Yemen (CBY) attributed the
increase to a boost of the Yemeni share of oil production to
11,420,000 barrels compared to 8,100,000 barrels in the same period
of 2009.

The oil price in January-April 2010 has hiked to an average of
$79.63 per barrel, while it was $54.06 in 2009, according to the
report.

The report also showed a decline in the local consumption in the
same period, which has dropped to 6,710,000 barrels in 2010 compared
with 9,000,000 in 2009.

AF/AF


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