Yemen’s natural resources include oil, natural gas and minor deposits of coal and copper. From 2000–2005 annual hydrocarbon goods made up on average 88% of total exports and hydrocarbon revenues made up 71% of total fiscal revenues. While reserves of gas could run out within the next decade, Yemen has been increasing production of Liquefied Natural Gas and there have been recent discoveries of Zinc in the country.
Sources: EITI, IMF, US State Department
EITI status: Compliant country
Visit Yemen’s EITI page
December 5-6 2012 – Five members from the Yemeni coalition participated in the PWYP MENA workshop. At the workshop they outlined their strategy for 2013, they will present a draft strategy at the third PWYP MENA workshop in 2013.
June 14 2012 – Yemen was re-admitted to the EITI process. Yemen had originally been suspended from the initiative in June 2011 due to prolonged instability and violence in the country. However, the Yemen EITI council had applied for re-inclusion following the presidential elections the January 2012 presidential elections. Yemen will be returning as a compliant country.
Youssef Abouras, Chairman of TCEIW in Yemen (Transparency Coalition for Extractive Industry Watch), stated that his organization will help support the YEITI through the requirements that the EITI Secretariat has put forward for the full readmission of the country.
Yemeni CSOs were supportive of the decision for suspension to be lifted, sending official letters to the EITI Secretariat in May 2011 to that end. However, some issues still need to be resolved, including how to ensure “that civil society is fully, independently, actively and effectively engaged in the process”.