Aden’s oil and gas refinery station exported approximately 1.3 million tons of refined oil and gas in the first four months of 2002. The Aden Harbour Authority’s latest statistics indicated that the refinery dock received 1.7 million tons of local and foreign crude oil during the same period, reported SABA.
Yemen produced 480,000 bpd of oil in 2001, up from 440,000 bpd in 2000, 80 percent of which are imported. Oil revenues jumped 40 percent last year to an estimated $1.4 billion. With oil being the country's main source of revenue, the government now seeks to increase its oil output to one million bpd. Proven oil reserves in Yemen presently amount to four billion barrels. — (menareport.com)
© 2002 Mena Report (www.menareport.com )