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Yemen Q1 oil revenue plunges 75pc

Sanaa, June 6, 2009

Non-Opec oil exporter Yemen posted a 75 per cent drop in oil revenues in the first three months of 2009 as crude prices weakened, according to the country's central bank.

Yemen's oil revenues fell to $365.1 million in the first quarter, compared to $1.46 billion in the year-earlier period, the central bank said in a report.

Yemen is a small oil producer that exports around 200,000 barrels per day.-Reuters




Tags: yemen | Fall | oil revenue |

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