March/April 2003 Issue

Yemen: Oil

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Oil Reserves1 4 Billion barrels
2002 Oil Production1 127.75 Million barrels
2002 Oil Production Value2 $2.977 Billion
2002 Oil Production as Percentage of GDP3 34.61%
Companies Actively Pumping3 Cepsa (Spain); Dove Energy; DNO (Norway); Hunt Oil (USA); OMV (Austria); PanCanadian (Canada) TotalFina-Elf (France)

1 Source: Oil & Gas Journal, December 23rd 2002; pp. 113-115
2 Based on average imported refiner acquisition cost, January to October, 2002. Source: Monthly Energy Review, www.eia.doe.gov/emeu/mer/prices.html
3 Source: Energy Information Administration country analysis briefs, www.eia.doe.gov/emeu/cabs/

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