First Batch of Petroleum Derivatives Grant to Socotra Governorate Arrived

Foreign Minister Confers with Her Djiboutian Counterpart over Joint Cooperation

The Minister of Foreign Affairs and Expatriates Dr. Afrah al-Zouba discussed today, Saturday, with her Djiboutian counterpart Abdelqader Omar bilateral relations and cooperation between the two countries.

Three Palestinians Killed, 10 Injured in Israeli Airstrikes on Gaza

Three Palestinians were killed and more than 10 others injured on Saturday in a series of Israeli airstrikes targeting several areas across the Gaza Strip.

Korea's Travel Account Posts Surplus for 3rd Month in Row

South Korea reported a surplus in its tourism account for the third month in a row in May, driven by a rise in the number of foreign tourists, reaching $220.5 million in May compared to a deficit of $820.2 million in the same month last year.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/08/01 Time 08:55:55
Latest News:

Minister of Public Works, Taiz Governor Launch Nashmah–Hawban Qadas Road Rehabilitation Projec

Yemeni, Egyptian FMs Discuss Bilateral Ties, Regional Security

Four Injured as Fire Destroys 23 Shelters at Marib Displacement Camp

Hadramout Security Forces Arrest Key Suspects in Journalist's Killing

Civilian Fatally Shot by Houthi Sniper in Western Taiz

First Batch of Petroleum Derivatives Grant to Socotra Governorate Arrived

[24/01/2026 05:14]

SOCOTRA – SABA
The first batch of the petroleum derivatives grant provided through the Saudi Development and Reconstruction Program for Yemen has arrived in Socotra Archipelago Governorate.

The grant is designated to operate power generation stations in the districts of Hadibo, Qalansiyah, Mory and Alamah, and will later include various power plants across the governorates of the Republic.

The arrival of the petroleum derivatives grant, which reached Socotra Governorate yesterday, Friday, comes as part of the package of development and economic support recently announced by the Kingdom of Saudi Arabia.

This package includes 28 development projects and initiatives with a total value of 1.9 billion Saudi riyals, in support of economic recovery efforts and the improvement of basic services in Yemen.

The Saudi Development and Reconstruction Program for Yemen had signed an agreement with the Yemeni Ministry of Electricity and Energy to purchase petroleum derivatives from the Yemen Oil Company (PetroMasila), with the aim of supplying more than 70 power generation stations across various governorates.

This contributes to strengthening the capacities of Yemeni institutions, supporting the stability of the electricity sector, ensuring the continuity of services, and operating vital national facilities.

The total quantity of petroleum derivatives provided under this grant amounts to approximately 339 million liters of diesel and mazut, valued at USD 81.2 million, to operate power stations throughout all governorates.

This is expected to positively reflect on improving the level of services provided to citizens and enhancing the reliability of electrical power in hospitals, health centers, schools, roads, airports, and ports, in addition to supporting economic and commercial activity.

Previously, the Saudi Development and Reconstruction Program for Yemen provided several petroleum derivative grants, including a grant in 2018 valued at USD 180 million, a grant in 2021 valued at USD 422 million, and a grant in 2022 valued at USD 200 million, in addition to the current grant for 2026, as part of ongoing support to enhance the stability of Yemen’s electricity sector.