April 11, 2012
The World Bank has said Yemen's
oil reserves will deplete in almost 12 years and its water reserves in 20
years.
In a recent report by its Sanaa
office, the Bank said, with the current daily oil production, about 270.000
barrels, taken into account, Yemen's oil reserves suffice for 10-12 years at a
time when the oil revenues make up about 90 percent of the state budget.
However, according to recent local
studies, only 15 percent of Yemen's land has been surveyed which means there
are oil basins yet to be discovered if the government tries to develop the
energy sector.
Currently, Yemen produces oil only
from two basins: the Marib-Shabwa basin and the Masila basin amid persistent
attacks by tribesmen against oil and gas pipelines causing financial problems
and fuel crises due to production interruptions.
The report said over 47% of
Yemen's population live on only $ 2 dollars a day and the poverty rates have
increased by 10% due to the global food and energy crises.
When it comes to the water issue,
the Bank said only 36% of Yemen's people have access to safe drinking water
and, because of water problems, about 46% of the country's children below five
suffer from underweight due to malnutrition.
The groundwater resources in urban
areas such as the capital Sanaa face depletion threats in the 20 years to come,
it added.
The report also highlighted the
alarming population growth in the country which increases by 3% a year and the
soaring unemployement rates.
Source: Yemen Post