PM: Gov't pays USD 60 million for oil derivatives a month

Yemen Supports Measures Taken by Kingdom of Bahrain to Confront Acts Threatening Its National Security

The Ministry of Foreign Affairs and Expatriates has expressed the Republic of Yemen’s support and full endorsement of the measures taken by the Kingdom of Bahrain to confront acts that undermine national security and aim to destabilize the security and stability of the brotherly Kingdom.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/10 Time 03:32:04
Latest News:

President al-Alimi concludes short official visit to Republic of Djibouti

President al-Alimi Discusses Counterterrorism, Armed Militias with Somali President

Leadership Council Chairman, Djiboutian President Discuss Developments in Yemen and the Region

Minister Al-Qudaimi Discusses Strengthening Bilateral Relations with Indian Foreign Ministry Official

Leadership Council Chairman Attends Djiboutian President’s Inauguration Ceremony

PM: Gov't pays USD 60 million for oil derivatives a month

[27/07/2017 02:52]

ADEN-SABA
Yemen's Prime Minister said his government pays USD 60 million a month to purchase oil derivatives as a fuel for the power generation plants.

Chairing the Cabinet's regular meeting in the temporary capital city, Aden, on Thursday, the premier. Dr. Ahmed bin-Daghr, said the amounts are paid in US dollars to save the stability of the local currency, which maintained a stable exchange rate in spite of the country's hard circumstances and the almost total lack of hard currency.

The premier affirmed the importance of constructive institutional work, saying that serves thestate and citizens, in the first place.

He also stressed the needto afford subsidy for oil products for the use in power generation plants and for military and security use and to set a certain mechanism for avoiding oil products crisis.

The Cabinet approved a proposal from the Oil Minister Eng. SayfAshareef on mutual settling of accounts between the Aden Oil Refinery and the finance and oil ministries.

Discussing the army recapture of Khaled strategic camp in coastal Taiz, announced to have been achieved yesterday, the premier hailed it as a major gain expressing gratitude to the military and paramilitary warriors backed by the Arab coalition.

The premier offered condolences to the relatives of the soldiers fallen in the battles that ended up in accomplishing that mission.

The liberation of Khaled camp will open the door for several victories, he said. The premier expressed gratitude to the United Arab Emirates for its support to Yemen in various fields including the granting of buses to public transportation companies and government institutions in Yemen.

The granted UAE buses led to a significant improvement in the service of commuting and transportation between Aden and other Yemeni provinces, said the premier.

Futurely, new bus grants will improve the service of transportation with the rest provinces of the country.

Senior military officials briefed the Cabinet on the military advances on different warfronts against the Saleh-Houthi coup militias.