VOICED: Yemen facing 'crisis' as oil production declines

Yemen is known for its strategic location and oil exports, which are crucial to its economy. However, declining oil prices and reserves pose significant challenges. The government prioritizes finding new reserves and diversifying the economy, including exporting natural gas. Despite these efforts, corruption and high unemployment persist, with foreign workers dominating the oil industry. Yemen's location in the Gulf of Aden remains vital for global oil shipping, but the country faces severe economic instability as its main revenue source dwindles.

What has been a significant factor in weakening Yemen's oil revenue since 2008?

• Rising oil prices

• Falling oil prices

• Discovery of new oil reserves

• Increased oil production

What is the Yemeni government's top priority to maintain oil production?

• Improving oil refining technology

• Reducing oil exports

• Finding new oil reserves

• Increasing oil prices

What prediction has the World Bank made about Yemen's oil and gas reserves?

• They will increase significantly

• They will remain stable

• They will plummet and disappear by 2017

• They will double by 2017

What new export has Yemen started to diversify its economy?

• Solar energy

• Coal

• Crude oil

• Liquid natural gas

What is a major issue affecting Yemen's economy despite its oil wealth?

• Corruption

• Excessive foreign investment

• High literacy rates

• Lack of oil resources