By Claire Ferris-Lay
Revenues reached $1.4bn during first four months of 2008 on record oil prices, says central bank.
Yemeni oil revenues reached $1.4 billion during the first four months of 2008 compared with $789.4 million for the same period of 2007, according to the Central Bank of Yemen.
A report by the bank attributed the boost on increasing oil prices in international markets and increased oil production, according to state news agency Saba on Sunday.
Oil production during January-April, 2008 reached 14.52 million barrels, an increase of 1.06 million barrels compared with the same period of 2007.
Increase average for the two periods is estimated at 7.9% in amount and 85.2% in prince. Oil revenues in Yemen represent 70% of state revenues.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.