Sana’a Finance Minister: $300 million per Month, Coalition Revenues from Yemeni Oil

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Finance minister in Sana’a government, Rashid Abu Lahoum, revealed, on Thursday, the total sales of crude oil in the areas controlled by the coalition factions, saying that they are estimated at 300 million dollars per month, indicating that these amounts can cover salaries for the next three years.

Abu Lahoum indicated that Sana’a complied with the Sweden agreement and worked to open a special account for salaries and received all the revenues of oil derivatives to it, while the coalition and the government loyal to it disavowed this, which prompted Sana’a to pay half a salary to state employees (intermittently) from those supplied amounts.

The agent of the Central Bank in Sana’a, for local banking operations, Ali Al-Shamahi, suggested “establishing a temporary fund for revenues and specifying the percentages of participation of each party in it, to cover the disbursement of salaries of state employees,” stressing that “it is possible to fulfill the entitlement to the salaries of state employees if the other party raises its hand on oil and gas and ports revenues.

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