Title: Yemen: Mining, Minerals, and Fuel Resources
Headings: Yemen: Mining, Minerals, and Fuel Resources
Yemen: Mining, Minerals, and Fuel Resources
Overview of Resources
Metals
Industrial Minerals
Fossil Fuels
Investment
Sources and Further Reading
G.P. Thomas
Citations
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Content: Petroleum exports contribute to nearly 25% of the GDP growth and 70% of the government revenue. The GDP of the country was estimated to be $58.71 billion in 2011. The country has tried to diversify its economy by initiating an economic reform program in 2006 to strengthen the non-oil sectors of the country and its foreign investment. As a result, the country exported its first liquefied natural gas (LNG) in October 2009. Overview of Resources
Yemen has vast mineral reserves of zinc, silver, nickel, gold, copper and cobalt. The industrial mineral deposits found in the country include zeolite, talc, scoria, sandstone, perlite, magnesite, limestone, gypsum, feldspar, dolomite, clays and celestine. The country also has rich reserves of fossil fuels that include natural gas and crude oil. The map of Yemen. Image Credit: CIA Factbook
The country’s mineral industry accounts for nearly 7% of its GDP.