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

Endowments Minister Calls for National Unity Behind Presidential Leadership Council to Strengthen Security and Stability

The Minister of Endowments and Guidance, Sheikh Turki Al-Wadi'i, has appealed for bolstering national cohesion and rallying behind the legitimate government, represented by the Presidential Leadership Council headed by President Dr. Rashad Mohammed Al-Alimi, in a way that contributes to reinforcing security, stability, and safeguarding state institutions.

Casualty Toll from Israeli Offensive on Gaza Rises to 72,070 Martyrs, 171,738 Injured

The casualty toll from the Israeli occupation’s offensive on the Gaza Strip since October 7, 2023, has risen to 72,070 martyrs and 171,738 injured, according to the Ministry of Health in Gaza.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/22 Time 04:10:03
Latest News:

Endowments Minister Calls for National Unity Behind Presidential Leadership Council to Strengthen Security ..

Yemen’s Ambassador Discusses Strengthening Development Cooperation with Austrian Development Agency

Yemeni Leadership Condemns Attempts to Disrupt State Institutions and Vows to Maintain Order

Stability of Aden cornerstone for eliminating the coup—Lieutenant General al-Subaihi stressed

Government Holds its First Meeting

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.