Politics & News

Total Saudi oil grants to Yemen exceeds $4 billion

Mohammed Al Yahya, Deputy Director-General of the SDRPY in Aden, announced that “the total value of oil derivatives grants provided by Saudi Arabia to Yemen amounted to 4 billion and 200 million dollars.”

Coinciding with receiving a new batch of the grant, Al Yahya said in a statement that “the grant aims to operate more than 80 power stations.

 It also contributes to alleviating the burden on the Yemeni government’s budget, in addition to reducing the government’s total spending to purchase oil derivatives.

This is the third shipment that arrives in Aden and consists of 75,000 metric tons of diesel intended to feed the power plants in the coastal city.

It is expected to arrive in the next few days, another ship carrying 40,000 tons of diesel, dedicated to electricity, to complete the third batch to Aden.

In March, Saudi Arabia announced a grant of oil derivatives to the internationally recognized Yemeni government, including 351,304 tons of diesel and 909,591 tons of diesel, at a value of $422 million, for a year to operate more than 80 power stations in the governorates under the control of the Yemeni government.

Over the past three months, several batches of the oil derivatives grant have arrived in the governorates of Aden, Hadramout, and Al-Mahra.

Short link :

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button