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: The national flag of Yemen. Image Credit: CIA Factbook. The country has rich reserves of copper, nickel, lead, gold, coal, marble, rock salt, and petroleum. Yemen is highly dependent on its declining oil resources for revenue. 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.