Yemen, beset by a struggling economy and fighting in both its North and South, was expected to run out of crude oil in another decade, a report said The Carnegie Endowment for International Peace said Yemen was rapidly losing its crude oil reserves.

In a report, Carnegie said Yemeni oil exports, a key source of foreign
currency, declined from 450,000 barrels per day in 2003 to 280,000 in
early 2009.

“Barring any major new discoveries, energy experts generously estimate
that Yemen’s oil exports will cease in 10 years,” the report, titled
“Yemen: Avoiding a Downward Spiral,” said.

Source: World Tribune

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