Yemen, Saudi Arabia sign fuel treaty

Oil Minister: It is vitally important to resume oil exports

The minister of Oil and Mineral Dr. Saeed al-Shamisi stressed that it is very important to support the efforts aiming to resume crude oil exports, which have been ceased ever since the Iranian regime allied terrorist Houthi militias targeted oil exports harbors in the two governorates of Hadramout and Shabwa.

Death toll in Gaza Strip has risen to 48,515, and injuries has risen to 111,941

The death toll in the Gaza Strip has risen to 48,515, and the number of injuries has risen to 111,941, the majority of whom are children and women, since the start of the Israeli occupation's genocidal war on October 7, 2023.

QCB's foreign exchange reserves rise 3.81 percent

The Qatar Central Bank's (QCB) international reserves and foreign currency liquidity increased by 3.81 percent in February to 255.916 billion riyals, compared to 246.509 billion riyals in the same month last year.

Saudi Arabia's Al-Taawoun qualifies for AFC Champions League semi-finals at expense of Iran's Tractor S.

Saudi Arabia's Al-Taawoun qualified for the AFC Champions League semi-finals after defeating Iran's Tractor S. 4-2 on penalties, after both teams finished 2-2 after regulation and extra time.

Last Update: ، 2025/03/13 Time 07:59:13
Latest News:

FM praises China's support for Yemen

Leadership Council's Member Aidarous al-Zubaidi inaugurates several projects in Mahara

Yemen Deputy Foreign Minister Meets UN Envoy's Representative to Discuss Peace Efforts

Ambassador Eryani and German Official confer over developments in Yemen

Ambassador Al-Wuhayshi meets Russian presidential envoy for Middle East and North Africa

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.