SPDRY, Ministry of Electricity sign new oil derivatives grant agreement worth $200 million

Leadership Council Member Tareq Saleh flies from Mokha International Airport to join Climate Summit

The Member of the Presidential Leadership Council (PLC) left today, Sunday, the city of Mokha heading to Brazil to join the Climate Summit.

Israeli Occupation Forces Arrest 4 Palestinians in Ramallah

Israeli occupation forces arrested four Palestinians in Ramallah province today, Thursday, after raiding their homes.

Oil declines after trade developments between United States and China

Oil prices fell during trading session today, Thursday, following statements by US President Donald Trump regarding a meeting with his Chinese counterpart Xi Jinping

Paris Saint-Germain defeats Nice, underpins their lead in French Ligue 1

Paris Saint-Germain strengthened its lead in the French Ligue 1, after defeating its guest Nice 1-0 in a match held as part of the eleventh round of the French Ligue 1.

Last Update: ، 2025/11/03 Time 10:37:21
Latest News:

Information Minister Accuses Houthi Militia of Covering Up Doctor's Murder

Health Minister Opens Workshop to Update National Plan for Combating Pandemic Influenza

Prime Minister arrives in Doha to join Second Global Summit on Social Development

Foreign Minister discusses with Bahraini counterpart issues of common interest

FM meets with Secretary-General of GCC

SPDRY, Ministry of Electricity sign new oil derivatives grant agreement worth $200 million

[29/09/2022 03:26]

RIYADH-SABA
A new oil derivatives grant agreement worth $200 million by Kingdom of Saudi Arabia (KSA) to the Republic of Yemen inked here today, Thursday.

The fuels grant agreement aimed to provide 250 thousand metric tons of oil derivatives in order to operate electricity- generate-stations in Yemen.

The agreement signed by Minister of Electricity and Energy Eng. Mane'a Yaslam bin Yomain and General Supervisor of the Saudi Program for Development and Reconstruction Yemen (SPDRY) Ambassador Mohamed al-Jaber.

The SPDRY has carried out the procedures to supply the first shipment of the oil derivatives with total amount of $30 million out of the total cost of the grant $200 million intnded to operate more than 70 electricity-generate stations in the republic of Yemen.

The Minister of Electricity and Energy highly appreciated the KSA's efforts through the SPDRY to secure necessary fuels to operate electricity stations that have proved very useful, helpful, remarkably improved electricity services.