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Article: YEMEN - Part 2 - The Fields & Exports.
- Article from:
- APS Review Oil Market Trends
- Article date:
- June 16, 2008
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Yemen's oil and condensate output in 2008 is to average 300,000 b/d, down from 531,100 b/d in the first half of 2002. Oil and Mineral Resources Minister Khaled Mahfoudh Baha' says production will rise to 500,000 b/d from early in the next decade. The increase would come from new E&P blocks being awarded as well as improved output at existing fields.
Yemen's crude oil exports average 180,000 b/d, down from more than 430,000 b/d in the first half of 2002. The export figure is the net balance of the trade in crude oil as the country imports some grades for processing by its two refineries.
OIL PRODUCTION CAPACITIES IN YEMEN
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