DECLINING OIL RESERVES IN YEMEN

Early day motion 2238, tabled 4 November 2009 by Keith Vaz (Labour). Signed by 15 members.

That this House is concerned that diminishing supplies of oil in Yemen will have devastating effects on the economy of the country; notes that 75 per cent. of government revenue and 90 per cent. of export money comes from oil; further notes that 15.7 per cent. of people in Yemen live on less than £0.61 a day and the average gross domestic product per capita is only £540 a year; expresses concern that the unemployment rate stands at 35 per cent.; further expresses fears that decreasing oil supplies will cause more oil factories to close, increasing unemployment levels; and calls on the Government to work alongside the Yemeni government to ensure that the ongoing development of the country is not adversely impacted on due to declining oil reserves.

Signatures by party: Labour 11, Liberal Democrat 3, Social Democratic and Labour Party 1.