Yemen, one of the world’s poorest nations, has earned $3.8 billion from oil revenues in the third quarter, an increase of 86 percent over last year, a central bank report published on Saturday said.
Yemen produced 35 million barrels of crude oil between July and September, an increase of 11 percent compared to the same period in 2007, according to the report published by Yemeni newspapers.
It said that the average price of a barrel of crude oil was set at $112 against an average of $66 in the comparable period.
The impoverished Arabian Peninsula country of around 20 million inhabitants exports more than half the oil it produces.
Yemen is neither a member of the giant oil cartel OPEC nor of the Organisation of Arab Petroleum Exporting Countries (OAPEC).
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