VOICED: Yemen facing 'crisis' as oil production declines

Yemen is known for its strategic location and oil exports, which are crucial to its economy. However, declining oil prices and reserves pose significant challenges. The government prioritizes finding new reserves and diversifying the economy, including exporting natural gas. Despite these efforts, corruption and high unemployment persist, with foreign workers dominating the oil industry. Yemen's location in the Gulf of Aden remains vital for global oil shipping, but the country faces severe economic instability as its main revenue source dwindles.

What efforts is the Yemeni government making to diversify its economy?

What is the significance of Yemen's location in terms of global oil production?