SPDRY, Ministry of Electricity sign new oil derivatives grant agreement worth $200 million

Yemen Participates in 2025 Global Refugee Forum Review Meeting in Geneva

Yemen's Permanent Representative to the UN in Geneva, Ambassador Dr. Ali Mujawar, led a delegation to the Global Refugee Forum 2025 review meeting in Geneva, Switzerland, today.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

African Development Bank supports transport infrastructure in Somalia with $76 million

The African Development Bank has approved additional funding of $76.37 million for the road infrastructure program in Somalia, which is a key component of the Horn of Africa Corridor project connecting Somalia, Djibouti, and Ethiopia.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/16 Time 10:51:12
Latest News:

Foreign Minister Meets Outgoing Moroccan Charge d'Affaires

Hodeidah Governor Discusses Healthcare Support with Médecins Sans Frontières (MSF)

Rights Group Documents Over 4,000 Violations in Hadramout, Calls Them "War Crimes"

Hodeidah Governor Discusses Support for Health Sector with Médecins Sans Frontières

Yemen, UK discuss Issues of Common Concern

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.