$254.8 mln Govt's revenues of oil exports in 2009

SANA'A , June 09 (Saba) - The government's revenues of oil exports
have amounted to $ 254.8 million during the first quarter of 2009
compared with $998.8 million during the same period last year at a
decrease of about $ 744 million, the 26sep.net reported on Tuesday.

According to official statistics, the decrease of oil exports value
refers to the reduction in the exported quantity to 5.9 million
barrels comparing with 10.4 million barrels during the same period,
in addition to the falling price of barrel which reached to $43.1
compared with $96.3.

Oil exports represent nearly 90 percent of the total Yemeni exports
and contributed to about 24 percent of the state's general budget
during 2008.

Oil revenues are the essential component in the general revenues of
the general budget.

Meanwhile, economists call for diversifying the state's general
revenues via developing the non-petroleum resources and eliminating
tax and customs violation and smuggling.