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2025/12/01
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Latest News:
"MASAM” Removes 4,726 Mines and Explosives in November and Clears More Than 74 Million Square Meters
President al-Alimi urges reinforcing national unity, upholding state institutions
President al-Alimi convenes a meeting of Supreme Security Committee
New Hadramout Governor Sworn In by Presidential Council Chairman
Leadership Council Chairman Honors Former Intelligence Chiefs with Bravery Medals
Latest News:
"MASAM” Removes 4,726 Mines and Explosives in November and Clears More Than 74 Million Square Meters
President al-Alimi urges reinforcing national unity, upholding state institutions
President al-Alimi convenes a meeting of Supreme Security Committee
New Hadramout Governor Sworn In by Presidential Council Chairman
Leadership Council Chairman Honors Former Intelligence Chiefs with Bravery Medals
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 -
Defense Minister Discusses Defense Cooperation with Russian Ambassador
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Leadership Council Chairman Honors Former Intelligence Chiefs with Bravery Medals
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