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Last Update: ،
2025/11/12
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11:54:40
Latest News:
Yemen Participates in 41st Arab Justice Ministers Council Meeting in Cairo
Yemen Participates in 41st MENAFATF Meeting in Bahrain to Combat Financial Crimes
Prime Minister Discusses Bilateral Cooperation and Developments with UK Ambassador
Prime Minister receives the German Ambassador to Yemen
President al-Alimi Receives Chargé d’Affaires of Chinese Embassy in Yemen
Latest News:
Yemen Participates in 41st Arab Justice Ministers Council Meeting in Cairo
Yemen Participates in 41st MENAFATF Meeting in Bahrain to Combat Financial Crimes
Prime Minister Discusses Bilateral Cooperation and Developments with UK Ambassador
Prime Minister receives the German Ambassador to Yemen
President al-Alimi Receives Chargé d’Affaires of Chinese Embassy in Yemen
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 -
Yemen Participates in 41st Arab Justice Ministers Council Meeting in Cairo
Yemen Participates in 41st MENAFATF Meeting in Bahrain to Combat Financial Crimes
Prime Minister Discusses Bilateral Cooperation and Developments with UK Ambassador
President al-Alimi Receives Chargé d’Affaires of Chinese Embassy in Yemen
President al-Alimi receives French Ambassador
President al-Alimi receives Ambassador of United Arab Emirates
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