Almotamar.net, Saba - SANA'A, Dec. 21 (Saba) - Oil and Minerals Minister Khaled Bahah has denied what reports have said about the depletion of petroleum in Yemen, saying forty new petroleum blocks have been found, the state-run 26sep.net reported.

Bahah said that his Ministry had launched the fourth international competition for offshore oil blocks which Yemen promoted in the United Arab Emirates last month, pointing out that over 40 companies have showed readiness to enter the competition.

Speaking on oil exports, Bahah expected Yemen's oil exports to increase to 330,000 barrels a day.

Noteworthy, 75% of the general budget of the country depends on the petroleum revenues.

Saba