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Saudi oil derivatives arrive in Hadhramaut & Al-Mahra

Saudi oil exports rise 123% to SAR 110 billion in April

A new shipment of Saudi oil derivatives from the temporary capital, Aden, has arrived in Hadhramaut and Al-Mahra governorates, courtesy of the Saudi Program for the Development and Reconstruction of Yemen.

Hadhramaut’s diesel supplies were 11,300 tons, divided into 8,300 tons for the Hadramout coast and two thousand tons for Wadi Hadramout, while Al Mahra’s diesel supplies totaled 4,000 tons to satisfy the demands of the governorates’ power plants.

This Saudi assistance is part of the Saudi oil derivatives gift to Yemen’s fifth batch, which includes 60,000 metric tons of diesel and 60,000 metric tons of mazut, for a total of 90,000 metric tons.
These payments improved general conditions in various health, educational, and service fields, increased shop operating capacity, increased the hours of electricity operation in governorates and reduced the number of hours of interruption and its occurrence, all of which contributed to economic stability.

Based on the previously disclosed requirement from the power plants, the prior payments helped operate the power stations scattered throughout Yemeni governorates, under the supervision and follow-up of the Oil Derivatives Distribution Committee.

The first batches landed in the port of Aden on May 8, 2021, and the previous four batches totaled 417,000 metric tons since the grant began, bringing the total quantity of oil derivatives given to 507.254 metric tons since the grant began.

According to Yemeni officials, the derivatives grant reduced the Yemeni government’s budgetary burden, reduced the Central Bank of Yemen’s depletion of hard currency by purchasing oil derivatives on global markets, provided job opportunities, increased the productive power of Yemeni citizens, improved services in vital sectors, improved living conditions for Yemeni citizens, and provided services to general citizens.

The Kingdom hopes to use this donation to help stabilize fuel costs, improve services in all important sectors, enhance infrastructure and improve basic services within Yemen, reduce frequent power outages, and improve Yemeni civilians’ everyday lives.

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