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2025/07/18
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Latest News:
Leadership Council Member AL-Zubaidi Urges Government to Accelerate Performance
Yemen's Ambassadors to Czech Republic, Indonesia swear-in before President al-Alimi
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Latest News:
Leadership Council Member AL-Zubaidi Urges Government to Accelerate Performance
Yemen's Ambassadors to Czech Republic, Indonesia swear-in before President al-Alimi
Yemen and Vietnam Sign Memorandum of Understanding to Enhance Bilateral Cooperation
Judge Sahl Hamza swears-in before President al-Alimi
Cabinet Discusses Economic and Financial Developments, and Efforts to Foil Houthi Plots
Yemen, Saudi Arabia sign fuel treaty
[12/08/2018 03:28]
RIYADH-SABA
Yemen and Saudi Arabia signed on Sunday the memo of understanding on Saudi grant for supplying Yemen's power plants with oil derivative.
The treaty states that Saudi Arabia will supply Yemen with monthly shipments of fuel worth USD 60 million for three months and the treaty is extendable.
Minister of Public Works and Roads, the Deputy Head of Coordination Committee with Saudi Arabia Engineer Maeen Abdulmalik, and Deputy Head of Saudi Bank for Development Khaled bin al-Khudhairi signed the treaty.
The Reconstruction Program in Yemen and Saudi Aramco have been also included in the signing.
Minister Abdulmalik praised the Saudi support to Yemen for boosting Yemen's economy and finalizing steps of reconstruction programs started in a number of provinces.
The oil grant will help in securing fuel supply to power plants in coastal cities and will enable the government of making use of revenues for supporting education, health and basic services, he added.
The minister pointed to president's keenness on transparency and following up mechanism of distribution of oil derivatives.
Yemen and Saudi Arabia signed on Sunday the memo of understanding on Saudi grant for supplying Yemen's power plants with oil derivative.
The treaty states that Saudi Arabia will supply Yemen with monthly shipments of fuel worth USD 60 million for three months and the treaty is extendable.
Minister of Public Works and Roads, the Deputy Head of Coordination Committee with Saudi Arabia Engineer Maeen Abdulmalik, and Deputy Head of Saudi Bank for Development Khaled bin al-Khudhairi signed the treaty.
The Reconstruction Program in Yemen and Saudi Aramco have been also included in the signing.
Minister Abdulmalik praised the Saudi support to Yemen for boosting Yemen's economy and finalizing steps of reconstruction programs started in a number of provinces.
The oil grant will help in securing fuel supply to power plants in coastal cities and will enable the government of making use of revenues for supporting education, health and basic services, he added.
The minister pointed to president's keenness on transparency and following up mechanism of distribution of oil derivatives.
Key words:
Reconstruction - reconstruction - understanding - distribution - transparency - Coordination - Minister - Development - derivatives - president's -
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