Yemen

Yemen's economy is weak compared to most countries in the Middle-East, mainly because Yemen has very small oil reserves. Yemen's economy depends heavily on the oil it produces, and its government receives the vast majority of its revenue from oil taxes. But Yemen's oil reserves are expected to be depleted by 2017, possibly bringing on economic collapse. Yemen does have large proven reserves of natural gas.

Latest News

Nexen Loses Masila Oilfield Contract to Yemeni Firm
Monday, November 21, 2011
Nexen Provides Operations Update
Monday, May 09, 2011
Calvalley Petroleum Provides Yemen Operational Update
Thursday, March 24, 2011
DNO International Update on Drilling Operations in Yemen and Iraq
Friday, February 04, 2011
Yemen Launches Fifth International Bid Round
Wednesday, December 15, 2010
Mubadala Oil & Gas and Yemen Company for Investment in Oil and Minerals Sign MoU
Monday, December 13, 2010

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