Crude exports, together with LNG accounted for 56% of the country’s revenue in 2013 – even higher than the budgeted 50% (see table 1). Crude export volumes fell 21% to 67,000 b/d for 2013. In value terms the fall was an even steeper 23% to $2.7bn (see table 1).

The Yemeni 2014 budget, which tries to address some of the country’s major challenges, was approved by parliament on 11 January. (CONTINUED - 1446 WORDS)