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2026/09/17
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Latest News:
Minister of Legal Affairs Discusses with WB Support for Legal Capacities
Amb. Nagi Discusses with Hungarian Official Developments in Yemen
Saudi Arabia: Yemeni Resident Killed, Saudi Woman and Pakistani Resident Injured by Houthi Drone Interception ..
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Latest News:
Minister of Legal Affairs Discusses with WB Support for Legal Capacities
Amb. Nagi Discusses with Hungarian Official Developments in Yemen
Saudi Arabia: Yemeni Resident Killed, Saudi Woman and Pakistani Resident Injured by Houthi Drone Interception ..
President al-Alimi Affirms State’s Ability to Regain Initiative on Western Coast
Houthi Threats to International Shipping and Global Energy Security Discussed in Prague
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.
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.
Key words:
Reconstruction - Development - derivatives - Electricity - electricity - appreciated - Ambassador - remarkably - procedures - Supervisor -
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